News
Bloomberg | Wholesale Prices in U.S. Unexpectedly Fall on Fuel, Vehicles
Wholesale prices in the U.S. unexpectedly fell in October for the first time in five months as energy and vehicle costs dropped.
Market Watch | Fed’s Yellen backs new way to give guidance
Federal Reserve Vice Chairman Janet Yellen on Tuesday backed a sea change in the central bank’s communication policy, saying that the Fed should tie rate hikes to specific levels of unemployment and inflation.
Econ Comments & Analysis
Real Clear Markets | The Fed Dismisses the Needs of Savers
With a second Obama administration, many expect that the Federal Reserve will continue quantitative easing. This has lowered interest rates, reducing the return from savings. Seniors are particularly hard-hit, because 10 percent of their income comes from interest on savings.
Blogs
Economist | Is there a problem?
Throughout the recovery, I have used movements in inflation expectations as a gauge for the strength of the economy. I have done so for a few reasons.
John Taylor | Milton Friedman and the Power of Monetary Ideas
Last Friday the University of Chicago hosted a wonderful Centennial Celebration of Milton Friedman and the Power of Ideas. All of the speakers, especially Jim Heckman, Kevin Murphy, Bob Lucas, and Gary Becker chose to focus on how amazingly well Milton integrated data, theory, and policy in inseparable ways in his research and writings, and that this was the key to the power of his ideas.
