News
Market Watch | Citi: ECB likely to launch QE in euro zone
Quantitative easing is probably coming to the euro zone in the foreseeable future as the European Central Bank scrambles to deal with low inflation, economists at Citigroup said in a note on Tuesday.
CNBC | Monetary policy can't save long-term unemployed
Jobless claims may have dropped to pre-recession lows, but that doesn't mean the job market is healthy, the chief economist for Sterne Agee told CNBC on Thursday.
Market Watch | Fed must choose: More jobs or less inflation
The Federal Reserve certainly thinks so — indeed, it is basing its monetary policy on this very premise, according to Fed Chair Janet Yellen. This may prove to be the case but if it does, it will only be for a moment in time. For you see, there normally is a trade-off between employment and inflation. If you want high employment, you have to be prepared for more inflation. On the other hand, if low inflation is your objective, it comes at the expense of less employment.
Econ Comments & Analysis
WSJ | Guess Who Makes More Than Bankers: Their Regulators
It is true that the very top bank executives make more in a year than most of us make in a lifetime, but compensation of this magnitude is rare. Most banks in this country are small businesses and pay employees modest salaries. The Bureau of Labor Statistics reports that the average annual salary of a bank employee was $49,540 in 2012, not much higher than the average annual across all occupations, $45,790.
