News
CNN Money | Federal Reserve sees slow recovery for years to come
The Federal Reserve trimmed its forecast for economic growth in 2013, but said Wednesday that it's a bit more optimistic that the unemployment rate will decline.
National Journal | What You Need to Know about Ben Bernanke's Evolving Views on Asset Bubbles
The Dow Jones industrial average hit a record earlier this month, causing some to cheer and others to worry the market is artificially high, given the still-sluggish economic recovery. The Federal Reserve Board chairman told reporters at a news conference Wednesday that the central bank doesn’t “see at this point anything that’s out of line with historical patterns.”
Econ Comments & Analysis
Bloomberg | Why Global Economies Face an Age of Deflation
In recent years, monetary and fiscal stimulus across the world have led to the assumption that serious inflation, if not hyperinflation, is on its way. I believe chronic deflation is more likely.
Blogs
Economist | Unconventional policy forever
The Federal Open Market Committee concluded its two-day meeting today with a nothing-burger of a statement. Very little changed in its wording on the state of the economy, and both asset purchases and interest-rate guidance remain as they were before.
