News
Bloomberg | Price Slowdown for Cars, Baby Clothes Raises Fed Concerns
Five years into the U.S. economic expansion, inflation shows little sign of picking up as prices rise more slowly for goods and services from automobiles to medical care, complicating the Federal Reserve’s drive to guide the economy away from the precipice of deflation.
Econ Comments & Analysis
Forbes | After A Century Of The Fed, It's Time To Return To Constitutional Money
The Federal Reserve System recently turned 100, but it has presided over a century of folly, argues Professor Richard Timberlake in his magisterial 2013 book Constitutional Money (Cambridge University Press). Timberlake, professor emeritus at the University of Georgia, makes a compelling case that the U.S. made a terrible blunder in abandoning the gold standard in favor of a fiat monetary system under the control of a few supposed experts.
Fortune | 3 problems Congress should stop asking the Fed to solve
Fed Chair Janet Yellen visited Capitol Hill today, offering a perfect time to break out three problems that, for whatever reason, Congress has convinced itself the Fed has a responsibility to address.
NY Times | A World Unprepared, Again, for Rising Interest Rates
The stable American economic order lasted more than three decades from the end of World War II, when economic cycles were essentially driven by the Federal Reserve’s raising and lowering of interest rates to combat inflation. It started to crumble with the severing of the link between gold and the dollar and the twin oil crises of the 1970s.
Blogs
WSJ | Fed’s Lacker: ‘Too-Big-To-Fail’ Problem Is Alive and Well
Federal Reserve Bank of Richmond President Jeffrey Lacker said Tuesday more work needs to be done to resolve the ongoing threat posed by too-big-to-fail financial institutions.
