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
Jul 14 The Dow may be above 17,000, but not for long By Terry Burnham A year after economist Terry Burnham predicted the Dow Jones Industrial Average would hit 5,000 before 20,000, it closed above 17,000 Monday. But Burnham is sticking by his call, introducing a scorecard to track the macroeconomic policies underlying the impending… Continue reading
Jul 02 The new new thing: Negative interest rates — but will they work? By Benn Steil, Dinah Walker Last month, the European Central Bank became the first central bank to charge banks for depositing their extra reserves with them. The idea is to encourage banks to lend privately instead. But as the Council on Foreign Relations' Benn Steil… Continue reading
Apr 03 The good you do for the dollar when you pay your taxes By Jon Shayne Why does the U.S. dollar have value? Hint: It's tax time, and there's only one way you can pay the U.S. government. Continue reading
Jan 24 Watch What’s So Funny About Making Monetary Policy? What's So Funny About Making Monetary Policy?… Continue watching
Jun 20 Watch Paul Krugman on Ben Bernanke’s ‘Green Shoots’ Tom Ashbrook interviews Paul Krugman about Federal Reserve chairman Ben Bernanke. Continue watching
Nov 22 Small Business Owners and the Bush Tax Cut Debate: No Easy Answers By Paul Solman Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's Monday's query: Name: Howard Herbst Question: Republicans say they want to keep the Bush… Continue reading
Nov 22 Small Business Owners and the Bush Tax Cut Debate: No Easy Answers By Elizabeth Shell Name: Howard Herbst Question: Republicans say they want to keep the Bush tax cuts for the wealthy to protect small businesses. Can't the tax code be quickly and easily redesigned to allow small business income reported on an individual (personal)… Continue reading
Nov 19 The Confidence of Ben Bernanke in Germany By Elizabeth Shell "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal, "laying blame for inflationary pressures in emerging markets and for tensions over currencies on countries like China." The Financial Times underscored another… Continue reading
Nov 19 The Confidence of Ben Bernanke in Germany For a speech by a Federal Reserve Chairman, Ben Bernanke's remarks on "global rebalancing" certainly weren't designed to fly under the radar. "The Fed chairman's message, though scholarly in tone, was unusually blunt," wrote the Wall Street Journal,… Continue reading