News
Bloomberg | Bank of England Resists Calls for More Monetary Stimulus to Boost Growth
Bank of England officials resisted calls to extend economic stimulus as they attempt to navigate a path between accelerating inflation and a faltering recovery.
WSJ | Fed Prepares to Act
Officials Consider Unusual Steps to Avert an Economic Stall.
Bloomberg | Fed Policy Makers Prepare for Action This Month
Federal Reserve Bank of Chicago President Charles Evans said yesterday the Fed should consider adding “very significant amounts of policy accommodation” and attacked the notion it should abide by a 2 percent ceiling on inflation.
CNN: Money | Federal Reserve: Economy still 'subdued'
The latest Beige Book released Wednesday shows economic activity slowed in the Chicago, Richmond and Philadelphia regions, and continued at a sluggish pace in other districts.
Blogs
Daily Capitalist | What “Stagflation” Means
When we talk about stagnation or “stagflation” we are not necessarily meaning an abrupt decline in economic activity, but rather flat-to-declining activity. In this sense we can view our economy as “Japanese” as the likelihood is that we will face long-term gradual decline and stagnation in economic activity.
