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Friday, May 6, 2011

Monetary

News                                                                                                                             
Bloomberg | Restaurants Lift Prices as Inflation Hawks See Fed Behind Curve
Dining out will cost more this year as U.S. restaurants take advantage of the nearly two-year long expansion to boost prices on food and drinks.

Econ Comments                                                                                                             
WSJ | Expect the Fed to Hum Same Old Tune
The Federal Reserve has an expectations problem.

Reports                                                                                                                         
JEC | Too Loose for Too Long: Has Price Inflation Already Set In
Once inflation is entrenched, the Fed must tighten more aggressively to control inflation.