Monday, January 12, 2015


Market Watch | Zero-for-17: Fed can’t forecast jobless rate even with two-week head start
Like Peyton Manning’s passes against the Indianapolis Colts, unemployment forecasts from the Federal Reserve just keep missing the target.

Econ Comments & Analysis                                                                                            
Wall Street Journal | Dear Fed, Please Be Late To the Rate-Raising Party
At a joint meeting in December of the Federal Reserve Board’s Open Market Committee and Board of Governors, the possibility that interest rates would be increased this year gained further traction. Meeting minutes indicate that the Fed believes U.S. economic growth, which continues its long climb back, could trigger a change in monetary policy.

Wall Street Journal | How Is It That Economists Still Don’t Get Where Inflation Comes From?
This is not a great moment for either Phillips curve or monetarist strains of economic thought.