News
Bloomberg | Yen Tumbles Versus Dollar as Bank of Japan Says Economy in ‘Severe’ State
The Japanese currency weakened against most of its 16 major counterparts. The pound climbed as U.K. inflation accelerated more than economists forecast in April to the highest level since 2008, increasing pressure on the Bank of England to raise interest rates.
Econ Comments
AEI: The American | The Federal Reserve’s Real Mandates
The Federal Reserve has a 'triple mandate.' Grasping this allows us to understand why the Fed, while not doing so well at stable prices or maximum employment, has nonetheless gone on to ever greater power and status in the course of its first century.
Bloomberg | Treasury 10-Year Yields Touch 2011 Low as Housing Starts Fall, Output Flat
Treasuries rose, pushing 10-year note yields to their lowest level in 2011 as U.S. housing starts unexpectedly fell in April and industrial output stalled.
