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Wednesday, May 14, 2014

Monetary

News                                                                                                                             
Bloomberg | Wholesale Prices in U.S. Increase by Most in More Than a Year
Prices paid to American factories and service producers rose in April by the most in more than a year, indicating a diminishing risk of deflation as demand improves.

Econ Comments & Analysis                                                                                            
Heritage Foundation | Behold the Power of the Fed
Janet Yellen’s latest testimony before the Senate Budget Committee confirmed one of my long-held beliefs about the Federal Reserve: People give the institution way too much credit.