By Joseph Lawler | 07/22/14 10:58 AM
Consumer inflation held steady at 2.1 percent yearly in June, the Bureau of Labor Statistics reported Tuesday morning.
By Joseph Lawler | 07/21/14 08:17 AM
Federal Reserve Chairwoman Janet Yellen isn't sure what's gone wrong with the U.S. housing comeback. “I have to say that I'm somewhat surprised,” Yellen said of the weakness of the housing market in a hearing in the House last week. “Frankly, it continues to be sluggish. And I can't give...
By Steve Chapman | 07/17/14 10:43 AM
There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV.
By Joseph Lawler | 07/14/14 07:38 AM
If the current economic recovery had kept pace with other post-World War II recoveries, the average American would have $2,700 more in annual income.
By Joseph Lawler | 07/09/14 03:18 PM
Federal Reserve officials have an end in mind for the latest round of quantitative easing: If all goes to plan, they will taper the central bank's bond purchases from the current $35 billion a month to zero by October.
By Joseph Lawler | 07/03/14 09:48 AM
Employment growth accelerated in June, suggesting that the fragile economic recovery continues despite the reported sharp contraction in the first quarter.
06/30/14 10:46 AM
BRUSSELS (AP) — The inflation rate across the 18-country eurozone languished at a low of 0.5 percent in June, official figures showed Monday, adding urgency to the European Central Bank's recently announced measures to help the economy. Some economists warn the persistently low inflation rate...
By Joseph Lawler | 06/20/14 09:06 AM
Federal Reserve Chairwoman Janet Yellen proclaimed “welcome news” in April: The prospect of a healthy economy was within the medium-term forecast. Fed officials expected the unemployment rate to fall to near 5.5 percent, with inflation stabilizing near the Fed's 2 percent target. The...
By Joseph Lawler | 06/19/14 03:43 PM
They were some of the more ominous headlines published this year.
By Joseph Lawler | 06/18/14 05:44 PM
The Federal Reserve isn't likely to cut its stimulus programs short to stave off rising inflation or reduce the risk of an asset bubble, Chairwoman Janet Yellen suggested Wednesday. The Fed reasserted in its monetary policy announcement that its bond-buying program and promises to keep...
By Joseph Lawler | 06/17/14 09:32 AM
Consumer prices increased quickly in May, in the latest sign that inflation is finally rising to normal levels after three years of disinflation and efforts by the Federal Reserve to ease the money supply and expand credit to reverse the trend. The Consumer Price Index rose to 2.1 percent for...
By Joseph Lawler | 06/15/14 11:19 PM
With inflation expected to rise and unemployment projected to fall, the taper is likely to continue despite negative economic growth.
By Joseph Lawler | 06/09/14 06:40 AM
It appears that over the past 18 months the Federal Reserve has given itself a third, unofficial mandate. In 1977, Congress gave the quasi-independent central bank what's known as a dual mandate: It is supposed to promote "the goals of maximum employment, stable prices and moderate long-term...
By Byron York | 07/23/14
By Richard Pollock | 07/23/14
By Luke Rosiak | 07/23/14
By Susan Crabtree | 07/23/14
By Philip Klein | 07/22/14