Fed’s Lacker Warns More Easing Would Lead to Inflation
A top Fed official warned that any move by the central bank to reduce unemployment could lead to inflation, indicating he would oppose any further policy easing by the Fed to try and boost U.S. economic growth.
Brazil Finance Chief Renews Attack on Fed
Brazilian Finance Minister Guido Mantega renewed his attack on the Fed’s most recent program of quantitative easing, saying the policy had goosed global flows of hot capital and heightened the global problems of rising commodity prices and inflation....
Fed’s Pianalto: Economy Recovering but Still Struggling
The U.S. economy continues to recover, but is struggling to do so as it works through continued high rates of joblessness and other difficulties, a Federal Reserve official said Tuesday.
NY Manufacturing Continues Expansion
New York manufacturing activity continued to expand in February but price pressures rose, further squeezing profit margins, according to the New York Fed's Empire State Manufacturing Survey released .
Secondary Sources: Unemployment’s Normal Rate, Geithner, Budget
A roundup of economic news from around the Web.
Draghi Makes Case for ECB Candidacy
In an interview Bank of Italy President Mario Draghi heaped praise on Germany, calling it a "model" for the rest of the Continent. The piece is part job interview, part ode to Deutschland.
Budget Proposals Avoid Major Challenge
The latest federal budget proposals suggest both the White House and Republican leadership hope to cut government spending without addressing the massive outlays from Social Security and Medicare.
Conference Board Changes Show Higher Consumer Confidence
The Conference Board has changed the methodology and polling company used to collect information for its closely watched consumer confidence survey.
Weber Calls for More Openness on ECB Dissents
Axel Weber suggests the ECB learn from the U.S. Fed and the Bank of England, where dissenting views such as his are noted in the minutes of meetings, and thus far more common. "I find that exemplary," he said.
Fed’s Dudley: Momentum Rising, but Situation Still ‘Unsatisfactory’
The U.S. economy is starting the New Year with rising momentum, although current conditions remain challenging, a Federal Reserve official said Monday.
Dealing With Higher Pension Costs
Buried deep within President Obama’s budget proposal is a plan to stick traditional pension plans with a bill for an additional $16 billion dollars over the next ten years.
Trichet’s Role Model: Alexander Hamilton?
Ron Chernow’s 2004 biography of Alexander Hamilton has found an intriguing audience of late: European central bankers, who have been passing the book around as they search for insight into Europe’s own fiscal woes.
