Nov 20 Taking selfies and talking inequality, has Janet Yellen gone too far? By Simone Pathe Federal Reserve Chair Janet Yellen hosted a rare meeting with community organizers and low-wage workers at the Fed Friday. And last month, she delivered a controversial speech on inequality and posed for selfies with the jobless. Like other Fed chairs… Continue reading
Nov 06 From Alan Greenspan to Justin Wolfers, economists consider the Fed’s ‘Dual Mandate’ By Simone Pathe On the eve of the release of October's employment data, which will paint the first official portrait of the labor market since the Federal Reserve ended quantitative easing last week, Making Sen$e turns to top economists, many of them former… Continue reading
Nov 03 Why Paul Krugman thinks inflation fears are baloney By Paul Krugman There's no inflation threat to speak of right now, says Paul Krugman. In fact, deflation poses a bigger danger, he argues. And even if inflation should creep over the Fed's 2 percent target, Krugman is confident the Fed has the… Continue reading
Oct 31 If high inflation is not here yet, why should the Fed change course? By Charles Calomiris The Federal Reserve shouldn't be worried about inflation rising over the next six months, or even year, says conservative economist Charles Calomiris. But given how much quantitative easing bloated the central bank's balance sheet, when inflation does rise -- and… Continue reading
Oct 30 Paul Krugman on why Janet Yellen is the un-central banker By Paul Krugman Paul Krugman may not be pleased with the Fed's decision Wednesday to end their bond buying, but he is heartened by Janet Yellen's concern for the unemployed. Continue reading
Oct 29 Watch Why the Fed frets about both jobs and inflation By PBS News Hour After six years of financial stimulus to mitigate the fallout from the 2008 collapse, the Federal Reserve is ending its money creation programs. But the country is still in economic recovery and the role of the Federal Reserve is still… Continue watching
Oct 29 Federal Reserve ends six years of quantitative easing By Simone Pathe After six years, the Federal Reserve announced the final drawdown of its bonding-buying program known as quantitative easing, or QE, at the end of its two-day policy meeting Wednesday. Continue reading
Oct 29 The Fed’s dual mandate in song: it’s ‘harder than you’ll ever know’ By Jon Shayne As the Federal Reserve's policy committee ends its two-day meeting Wednesday, Nashville money manager Jon Shayne (aka econo-crooner Merle Hazard) releases his latest music video bemoaning the central bank's "Dual Mandate" to, on the one hand, keep prices stable, and,… Continue reading
Oct 28 Watch New thriller breaks into the Federal Reserve By PBS News Hour Matthew Quirk’s “The Directive,” a sequel to his bestselling novel “The 500,” imagines a heist to steal billions from a trading desk at the Federal Reserve. Jeffrey Brown talks to Quirk about how he researched the high-stakes break-in. Continue watching
Oct 16 The two great fears driving the stock market By Doug Dachille Wall Street money manager Doug Dachille identifies two risk factors for market volatility and argues that unless the Fed has cooked up a new economic therapy to respond to the next bout of deflation, there may be more significant economic… Continue reading