News
Market Watch | Chinese inflation cools in October
Chinese data released Wednesday indicated cooling inflation and still-robust economic activity, with analysts saying the results could prompt some policy easing.
Econ Comments
NY Times | Euro Crisis’s Enabler: The Central Bank
Unlike any previous central bank in history, the bank has disclaimed any responsibility for the European financial system it effectively controls, or even for the viability of the euro as a currency. Instead, it has focused almost entirely on the formal objective of keeping inflation rates to a 2 percent target.
Fox Business | Fed's Plosser: Additional Stimulus Unnecessary
A top Federal Reserve official said Tuesday he sees no need for additional stimulus programs from the central bank at present because fear earlier this year that the economy was "at risk of falling off a cliff" has "pretty much been dissipated."
Blogs
WSJ: Real Time Economics | Fed’s Plosser: Wrong to Allow Inflation to Rise to Cut Unemployment
A key Federal Reserve official struck back Tuesday against other central bankers willing to tolerate a higher inflation rate as the result of policies that would bring down the unemployment rate, and said improved economic prospects argue against further stimulus.
