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June 07, 2006
Hawk Amphetamines
From Greg Ip, in the Wall Street Journal (page A6 of the print edition):
Inflation alarms at the Federal Reserve rang louder yesterday as a top official said slowing economic growth may not be enough to contain inflation if the public's inflationary psychology intensifies.
"If inflation turns out to exceed ... our target range, I do not believe we can count on a slowing economy to bring inflation down, by itself, quickly," William Poole, president of the Federal Reserve Bank of St. Louis, said in an interview. If inflation expectations rose in "a persistent way...we could expect to see that show up in measured inflation in fairly short order.
And another familiar story:
I guess you know by now that you can find the data from these pictures -- and how they are constructed -- later today, at the Cleveland Fed web site.
June 7, 2006 in Fed Funds Futures, Federal Reserve and Monetary Policy, Inflation | Permalink
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Listed below are links to blogs that reference Hawk Amphetamines:
» Here and there around the web from Econbrowser
A few items catching my eye around the web this week, including probability of recession, progress on refining capacity, and Greg Mankiw and his dog.
[Read More]
Tracked on Jun 8, 2006 2:27:17 PM
» Here and there around the web from Econbrowser
A few items catching my eye around the web this week, including probability of recession, progress on refining capacity, and Greg Mankiw and his dog.
[Read More]
Tracked on Jun 8, 2006 2:30:57 PM
Comments
Posted by:
neal |
June 07, 2006 at 02:37 PM
Given that this administration is all talk and very few responsible actions, look for a pause-the stock market, unemployment, and mortgage payments are followed more closely than the fall of the dollar. November is approaching, and the stock market was Bush's only bright spot. Look out below for the dollar! I bet we'll see Ben's arm in a sling from all the twisting.