News
Market Watch | U.S. import prices decline 0.7% in October
The prices paid for imported goods fell 0.7% in October, largely because of lower fuel prices, the U.S. Labor Department said Thursday. Economists polled by MarketWatch had forecast a 0.4% drop.
Econ Comments & Analysis
WSJ | The Yellen Bulls
The world's stock investors are kicking off the Janet Yellen era with a party, responding to her Federal Reserve confirmation testimony on Thursday by running up equities from Tokyo to lower Manhattan. Gold is up and bond yields are down as the next Fed Chairman signaled that the era of extraordinary monetary intervention has a long time to run.
CATO | 100 Years Later, Was the Federal Reserve a Good Idea?
With the Fed in its centennial year, Janet Yellen facing confirmation hearings in the Senate, and questions swirling over whether the Fed will enact “tapering,” many monetary scholars are asking: Was the Fed a good idea?
Blogs
WSJ | Fed’s Plosser: Mild Deflation Not Necessarily a Bad Thing
Federal Reserve Bank of Philadelphia President Charles Plosser said Thursday he would like to see the central bank target a lower rate of inflation, adding he wouldn’t be too concerned if the economy entered a period of deflation.
