Tag Archives: janet yellen
Is Janet Yellen a Jenny Ass?
Federal Reserve Chair Janet Yellen’s at the top of her game. She knows exactly what to do. She’s a PhD economist, after all. Her various affiliations with the Fed go back nearly 40 years. She knows what the correct Fed … Continue reading
Lost in Extrapolation
In the late 1970s the impossible happened. Inflation and unemployment simultaneously went vertical. The leading economists of the day were flummoxed. The Phillips curve said there’s an inverse relationship between inflation and unemployment. When unemployment goes down, inflation goes up. … Continue reading
The Prelude to QE4
The U.S. economy officially exited the Great Recession in June 2009. But the recovery hasn’t done much to lift the broad population’s lot in life. Six years into it, and the economy trudges along like a jack donkey up a … Continue reading
Amplified Losses
Federal Open Market Committee meetings are always a spectacle. The forthcoming FOMC meeting, scheduled for September 16 and 17, should be particularly endearing. For despite the Fed’s claim to provide transparency the upcoming policy announcement is cloudier than pollywog stew. … Continue reading
