News
FOX Business | Fischer Sworn in to Fed Policy Board
Former Bank of Israel Governor Stanley Fischer was sworn in as a member of the Federal Reserve's board on Wednesday, buttressing the U.S. central bank's depleted policymaking ranks as officials map out plans to exit from their extraordinary stimulus.
Econ Comments & Analysis
Real Clear Markets | Janet Yellen's 'Labor Market Slack' Fixation Has Nothing To Do With Inflation
When manufacture of Boeing's 787 Dreamliner began in 2007, one not-so-notable aspect of the efficient plane's creation was that it was taking place around the world, in seven different countries. Even something as prosaic as the pencil is the result of cooperation globally, so it's no surprise that a cutting-edge airplane would require specialized ‘hands' from around the world.
Blogs
Library of Economics | Inflation targeting: It's even worse than you thought
Back in the 1990s inflation targeting was all the rage. I was a sceptic. I recall asking a senior central banker at the time what he would do if faced with stagflation - high inflation, low growth. Would he raise interest rates and force the economy into recession just to meet the target? He said the situation would never arise.
