News
Bloomberg | Wholesale Prices in U.S. Unexpectedly Drop on Services
Producer prices in the U.S. unexpectedly dropped in February, held back by the biggest decrease in the cost of services in almost a year.
Econ Comments & Analysis
Bloomberg | Inflation Signs Lurk in Broader Labor Data Yellen Seeks
Janet Yellen says Federal Reserve policy makers need to look at a broader range of data to get a good handle on the job market. She hasn’t highlighted one labor indicator that economists say is sounding inflation alarms: short-term unemployment.
WSJ | The Fed's Taper Is Already Paying Off
The Federal Reserve started tapering its bond purchases at the beginning of the year and is on track to end them by October. That's good news for small businesses, jobs and living standards.
AEI | The crisis was not wasted, unfortunately
With sharp insight and the cynicism natural to a Chicago politician, Rahm Emanuel famously pronounced in 2008, "You never want a serious crisis to go to waste." A crisis, he continued, "provides the opportunity … to do things that you could not do before." How true.
Blogs
WSJ | Fed Won’t Raise Rates Until Mid-2015, Economists Say
Most economists surveyed by The Wall Street Journal think the Federal Reserve won’t raise interest rates before June 2015 despite a falling unemployment rate and improving economy.
Library of Economics | How the interest rate increase of 2015 caused the Great Recession
Evan Soltas has an excellent new post explaining why the Fed is likely to raise interest rates in late 2015. He thinks this policy is appropriate, but I'd like to focus on a different issue---whether this rate increase caused the Great Recession of 2008-09.
