News
FOX Business | Inflation Falls in April as Energy Prices Plunge
A sharp drop in gasoline costs led U.S. consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could worry the U.S. Federal Reserve.
Econ Comments & Analysis
WSJ | How to Let Too-Big-To-Fail Banks Fail
It is now almost three years since the Dodd-Frank Act was enacted to prevent the possibility that taxpayers would have to bail out "too-big-to-fail" banks. Yet there is serious concern that the legislation has not solved the problem. Many have called for new laws to limit the activities of very large banks or even, as in the bill recently introduced by Sens. Sherrod Brown and David Vitter, to cause them to break up. On Wednesday, the House Financial Services Oversight and Investigations Subcommittee held hearings on the continuing bailout issue, at which one of us (John Taylor) testified.
Bloomberg | The Question the Fed Should Be Asking
Ed Koch, the late mayor of New York City, used to stop residents on the street and ask, “How am I doing?”
