Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
Pump-primer in chief, Fed Chairman Jerome Powell.
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The RBA shouldn’t be spooked into raising interest rates, but the prospect of inflation in the next few years is an important consideration for central banks around the world.
Crude is key to inflation. Here’s why has it been going up so much.
Since its creation in 1999, the inflation rate in the euro zone has only exceeded 4 percent for a few months, on the eve of the Great Recession of 2008.
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Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
The Senate voted 84-15 to confirm former Federal Reserve Chair Janet Yellen as the next U.S. Treasury secretary.
AP Photo/Jacquelyn Martin
The former Federal Reserve chair has the experience and broad respect to get businesses to move on climate change and to lay the foundation for real and lasting progress.
While Trump’s nominee to join the Fed favors returning to the gold standard, an economist explains why the US and the rest of the world abandoned it in the first place.
The economic status of Black Americans hasn’t changed since the Fed was handed its mandate in 1977. Could targeting Black unemployment, encouraging credit and reporting discrepancies narrow the gap?
Trump with two of his top health advisers in May.
AP Photo/Alex Brandon
The Trump administration has revised CDC health guidelines and undermined its own experts, making it harder for science to prevail over politics in US’s coronavirus strategy.
Throwing cash at the problem seems to help – investors at least.
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We’re running out of interest rates to cut to keep the economy from sinking. Before the next recession occurs, we need to come with an effective approach to monetary policy.