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Balancing Inflation and Growth Part 1 of 13

Fri, 06 Nov 2009 22:10:02 +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 13 of 13

Thu, 05 Nov 2009 08:39:57 +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 11 of 13

Tue, 13 Oct 2009 14:10:03 +0000

Balancing Inflation and Growth Part 11 of 13 One would like to think that as the economy slows, inflationary pressures will do likewise. But we cannot always be sure they will, given the globalized commodities trading system nature of the U.S. economy. Demand-pull pressures abroad have an increasingly potent influence on our domestic [...]

Balancing Inflation and Growth Part 5 of 13

Sun, 11 Oct 2009 15:45:02 +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 3 of 13

Sat, 10 Oct 2009 00:59:58 +0000

Balancing Inflation and Growth Part 3 of 13 Indeed, as I speak, central bankers here and across both the pond and the channel feel besieged by a seemingly insurmountable foe delivering retribution for our having been complacent, if not smug, during those happier days. Like Henrys troops at Agincourt, it may appear that [...]

Balancing Inflation and Growth Part 8 of 13

Thu, 08 Oct 2009 12:15:03 +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 4 of 13

Tue, 06 Oct 2009 23:15:00 +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 2 of 13

Mon, 05 Oct 2009 18:50:06 +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 10 of 13

Sun, 04 Oct 2009 02:44:58 +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 [...]

Balancing Inflation and Growth Part 12 of 13

Fri, 02 Oct 2009 04:30:00 +0000

Balancing Inflation and Growth Part 12 of 13 As a result, trade in services is one of the most rapidly growing components of global trade. Thus, even the available supply of architects or petroleum engineers or software designers or medical technicians or lawyers or commodity trading broker must increasingly be considered in the [...]

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