News
Market Watch | Fed’s Plosser: Taper pace may be too slow
The Federal Reserve may have to accelerate the pace of tapering to take into account the economic pickup currently ongoing in the U.S. and the improving forecast for the near future, Federal Reserve Bank of Philadelphia President Charles Plosser said Monday.
Econ Comments & Analysis
Forbes | The Fed Is Not Printing Money, It's Doing Something Much Worse
The Federal Reserve’s seemingly endless program of quantitative easing (QE) begun under Ben Bernanke, and continuing at a slightly slower pace under Janet Yellen, has some of the punditry and much of the electorate up in arms. With good reason.
CNBC | Perfect storm for inflation could rock the market
As investors cheer the good news for job growth that came with the February employment report, they may be overlooking a troublesome dynamic: A tightening jobs market, in combination with rising commodity costs, could stir inflation, cutting into corporate profits and forcing the Federal Reserve to become more hawkish.
CRS | Budgetary and Distributional Effects of Adopting the Chained CPI
This report examines the budgetary and distributional effects of using what is referred to as the Chained Consumer Price Index (C-CPI-U or chained CPI) as the official measure of inflation for adjusting federal revenue and spending programs for inflation.
Blogs
WSJ | Grand Central: The Fed’s Slow, Tortuous Path Toward the Exit
At a policy meeting in June 2011, Federal Reserve officials agreed on a long-term plan to eventually exit sometime in the future from their unconventional monetary policies and return to its interest-rate-setting ways of the past. That plan is looking increasingly obsolete. The contours of a new plan are being debated within the Fed and slowly coming into shape.
Library of Economics | The old rules still apply (What the rest of the profession could learn from Ben Bernanke)
During the days of William Jennings Bryan it was pretty well understood that deflationary monetary policies helped bondholders and inflationary monetary policies helped debtors. That's why the rich favored the gold standard and lots of indebted farmers and small merchants favored a bimetallic system (which would have been slightly more inflationary.)
