News
WSJ | Yellen Sworn In at Federal Reserve
Yellen Sworn In at Federal Reserve
Econ Comments & Analysis
Forbes | The Great Federal Reserve Fallacy
The mighty U.S. Federal Reserve is an edifice built on a foundation of fallacy. The Fed’s policies and pronouncements, and even the law that it operates under, are based upon the “Phillips Curve,” the fantasy that we can trade higher inflation for lower unemployment.
Market Watch | Richmond Fed's Lacker sees continued tapering
Richmond Fed President Jeffrey Lacker said Tuesday that he expects tapering of the central bank's bond-buying program to continue.
Forbes | Bernanke Gave Us Plenty Of Inflation -- And Stagflation
As Ben Bernanke departs his chairmanship of the Federal Reserve, we might wish to say that despite his outsized monetary policy, inflation never came. The revealing statistic is the consumer price index. Ever since the monetary blowouts began in late 2008, that number has not even averaged 2%. In certain months, the CPI has even been negative.
