7% Unemployment: The Fed’s Newest Threshold
Fed Chairman Bernanke cleared up one thing Wednesday: what exactly constitutes a substantial improvement in the job market.
Thursday, June 20, 2013
Economics News
News about Economics. Breaking, latest Economics news online, gathered from thousands of the best and most popular Economics blogs from all around the Internet. We hope you enjoy it here!
Fed Expects Faster Growth, Lower Unemployment Next Year
The Federal Reserve projects that the unemployment rate could fall to 6.5% in 2014, a threshold it has conditionally set to begin raising interest rates.
FOMC Statement: "Downside risks have diminished", Inflation outlook revised down, No Taper
Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement...
Fed Press Conferences, by the Numbers
Bernanke will step up to the microphones Wednesday for his tenth press conference. The press conferences, since they debuted in April 2011, can have a substantial influence on markets.
PODCAST: All Fed, all the time
Wall Street's top cop rethinks sweetheart settlements. What makes a bubble and are we in one? And all eyes turn to the Federal Reserve.
Australian Property Market Sees Upswing and Price Increases
At the end of this years first trimester, the situation of the national real estate market seemed to present a more positive outlook than most experts, buyers, and sellers would have imagined. The...
John Cochrane: "What Chicago Does 'Know' Is Scholarship… We Take a Little Time to Research What People Actually Have to Say Before Calling Them… Less than 'Half-Intelligent' DeLong …"
Reading Paul Krugman calls to mind that I never reacted to John Cochrane's July 2012 failure to mark his beliefs to market and, instead, doubling down on his claim that the biggest risk the U.S...
Reckless bankers could face jail time in the UK
The British government says bankers who recklessly mismanage their banks could face jail time, according to a new proposal released Wednesday.
Efficiency, Equity, and Ideology: What "Other Values" Matter?, by Art Carden
Here's a puzzle I've noticed: criticize government intervention on efficiency grounds, and you will be quick to be told that there are "other values" (equity, for example) that a good society...
The Pace of Modern Life
Technological advance and economic growth are ruining modern life people dont write long letters anymore, they dont spend time together at meals, they speak quickly, and nobody stops to smell the...
