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Balancing Inflation and Growth Part 8 of 13

Wed, 09 Sep 2009 11:00:09 +0000

Balancing Inflation and Growth Part 8 of 13 Over the same period, the dollar has declined nearly 3 percent against the euro. We know that monetary policy acts with a lag of commodities trading systems, but even with my well-documented pessimism about the efficacy of lowering the fed funds rate to 3 percent, [...]

Balancing Inflation and Growth Part 2 of 13

Wed, 02 Sep 2009 00:25:00 +0000

Balancing Inflation and Growth Part 2 of 13 When I finished, Alan looked down the table and said, President Fisher, was that Henry V? Yes, Mr. Chairman, I replied. I know Ive reached retirement age, said the ancient chairman. I went to high school with that guy. Would that we could today enjoy commodity [...]

Balancing Inflation and Growth Part 6 of 13

Tue, 25 Aug 2009 00:54:59 +0000

Balancing Inflation and Growth Part 6 of 13 The woes of financial operators should not be overlooked, of course. There is a palpable risk that their pathology will lead to credit constriction that will, in turn, trigger an economic contraction. But thus far, the Cassandras on Wall Street, in the press and on [...]

Balancing Inflation and Growth Part 9 of 13

Tue, 18 Aug 2009 07:40:06 +0000

Balancing Inflation and Growth Part 9 of 13 Recent readings on inflation have not been encouraging. The rate of increase in the core personal consumption expenditures price index, or core PCE that is, what people buy, except food and energy was 2.2 percent over the 12 months ending in January. Yet, its headline [...]

Balancing Inflation and Growth Part 13 of 13

Mon, 10 Aug 2009 13:25:02 +0000

Balancing Inflation and Growth Part 13 of 13 To some, this may appear a Hobsons choice. I dont see it that way. Our obligation is to prevent inflation in order to sustain long-term employment growth and commodity trading company. I believe that the best way to cut through the treacherous economic waves that [...]

Balancing Inflation and Growth Part 7 of 13

Mon, 03 Aug 2009 12:15:11 +0000

Balancing Inflation and Growth Part 7 of 13 At the same time, I am fully aware that the FOMC must be careful to not undermine that recuperative process. Here, of course, I refer to the potential harm to the consumer and the business and future trading software financial sectors alike by unwittingly allowing [...]

Balancing Inflation and Growth Part 4 of 13

Mon, 27 Jul 2009 01:24:58 +0000

Balancing Inflation and Growth Part 4 of 13 The Federal Reserve, unlike the Bank of England, has a dual mandate. We are charged with creating the monetary conditions to support sustainable noninflationary employment growth. We must keep our eyes on two things: economic growth and price pressures. Of course, this is easier said [...]

Balancing Inflation and Growth Part 5 of 13

Mon, 20 Jul 2009 08:10:11 +0000

Balancing Inflation and Growth Part 5 of 13 Some argue it is the slowing economy. Even if you foresee the most likely U.S. scenario as a period of flat growth for a few quarters, followed later in the year by a return to potential growth of about 3 percent, one cannot help but [...]

Balancing Inflation and Growth Part 1 of 13

Mon, 13 Jul 2009 02:44:55 +0000

Balancing Inflation and Growth Part 1 of 13 It is an honor to speak here in London to the Society of Business Economists at the suggestion of my much-admired friend, Charlie Bean at the Bank of England. Charlie is on the advisory board of the Dallas Feds Globalization and Monetary Policy Institute, and [...]

Balancing Inflation and Growth Part 10 of 13

Wed, 24 Jun 2009 21:25:01 +0000

Balancing Inflation and Growth Part 10 of 13 There was a time, back when I was an outside observer of the Federal Reserve, when commodity future option trading the Fed practiced what some have dubbed opportunistic disinflation. Beginning in the mid-1980s, the FOMC recognized that while recessions sometimes occur, they could not be [...]

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