Federal Reserve Board

Interest Rates, Faith, and Democracy

by on December 15, 2015

What a pickle!

The Federal Reserve Board's meetings have become a media event. The last few days - weeks if you want to be more [more…]

Interest Rate Mania

by on October 29, 2015

People keep asking me about interest rates. I wish they would stop. The question always make me feel like mimicking Eugene Fama: rates are rates. [more…]

Employment Recovers

by on December 9, 2014

Just a very quick note regarding last week's employment numbers.

They were good. That's all we need to know. It's been a long time since [more…]

Yellin and Inequality

by on November 14, 2013

What an odd occasion. Janet Yellin's appearance before the Senate committee responsible for pressing her appointment as head of the Fed was nowhere near the [more…]

Summers Exits.

by on September 16, 2013


Summers was the White House favorite. Obama held him in high regard because of the supposedly good job he did in the dark days [more…]

Upcoming Struggles

by on September 4, 2013

My Obama watch antenna are unusually sensitive right now. We are headed into another round of semi-gridlock politically inept infighting down in Washington. As usual [more…]

Mid Summer Blues

by on August 5, 2013

No I haven't disappeared. This is mid-summer and the living is supposed to be easy. And it would be were it not for the perpetual [more…]

After Bernanke

by on July 19, 2013

It is fairly well accepted now that Ben Bernanke will decide not to stay at the Fed next year when his current term is up. [more…]


by on April 22, 2013

Lost in all the hyperventilation last week was news of our rate of inflation

There isn't any. Or, rather, what inflation we have is small [more…]

Ho Hum, Another Crisis

by on February 26, 2013

Hey everyone: it's sequester week! Aren't you excited?


I don't blame you. And you're not alone. According to Pew Research only 27% of Americans [more…]