News
MSN | Why stay-at-home moms are mad at the Fed
A central bank proposal would limit non-working spouses' credit access.
CNN Money | Bernanke: Inflation risk 'modest'
"My sense is that the increases we've seen so far -- while tough for many people -- do not yet pose a significant risk to the overall recovery," Bernanke said.
MSN | Bernanke warns recent oil price surge could impede U.S. growth
Likely outcome would be temporary and modest rise in inflation, Fed chief tells Congress.
Bloomberg | Bernanke's Call for Deficit Plan Tempers Republican Criticism of Stimulus
Federal Reserve Chairman Ben S. Bernanke’s calls for an immediate plan to control U.S. debt are winning praise from some of the same Republican lawmakers who rebuked him for the central bank’s record monetary stimulus.
Fiscal Times | Dollar Slides to 4-Month Low to Open Week
The dollar hit a four-month low Monday against a group of six major currencies on expectations that central banks overseas will raise interest rates before the Federal Reserve does.
Bloomberg | Bernanke Sees Temporary Inflation Gain From Commodities
Experience with such price gains in recent decades, along with currently stable labor costs, suggests a “temporary and relatively modest increase in U.S. consumer price inflation,” Bernanke said.
WSJ | Inflation Prompts a Flurry of Subsidies
Moves to Soften Blow Could Backfire On Asian Countries, Economists Argue.
Econ Comments
Cato Institute | Money, Inflation, and Rising World Commodity Prices
Are America and the world at risk for another inflationary episode similar to the 1970s and early 1980s? Or do current low rates of inflation portend low inflation for the foreseeable future?
Bloomberg | Euro Saviors Balk at Spot in History's Dustbin: Matthew Lynn
The euro wasn’t just meant to provide economic harmony. It was supposed to ensure political stability as well. Neither has happened and a generation of politicians will pay for it.
