Mervyn King, the former Bank of England governor who oversaw the ‘08 financial crisis, discusses how Britain’s exit from the UK will affect the world banking system and the global economy.
By Making Sen$e Editor
In the current economic environment, central banks certainly should create new money -- not only to shore up the world banking system short-term in a time of tremulous uncertainty, but more importantly, in order to make necessary investments.
By Paul Solman
The world’s central banks are likely to vastly increase their money creation, resulting in the biggest monetary bubble ever, with perhaps $100 trillion more new money on its way into the global economy, predicts economist Terry Burnham.
By Terry Burnham
At its March policy meeting, the Federal Open Market Committee refused to lay out a time table for raising interest rates, with Janet Yellen saying that a June rate hike is possible but not definitive. The Fed's economic forecasts, however,…
By Simone Pathe
By John Komlos
For months, the thorn in the side of otherwise sunny jobs reports has been sluggish wage growth. As unemployment falls, wages are supposed to rise. Those expectations will likely play a role in the Fed's policy deliberations this week. But…
Paul Solman interviews Nobel laureate Robert Solow abut the week's economics news and looks ahead to the Federal Reserve's policy meeting next week.
By Simone Pathe
The Federal Reserve turned financial commentators into would-be linguists Wednesday. The Open Market Committee did not raise interest rates, but it did alter the language used to describe its willingness to wait to raise rates.
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…
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…
Support Provided By: Learn more