The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
June 13, 2006
Inflation Fears From Highly Placed Sources
Yesterday I made note of an opinion piece by Kevin Hassett, wherein said Mr. Hassett opined that the seeds of today's monetary policy challenges were
sewn sown during the considerable period of time that the Federal Open Market Committee held the federal funds rate at 1%, and nurtured by the too-measured pace at which that accommodation was removed during the last year-and-a-half of Alan Greenspan's tenure. (The Hassett article was also noted by Claus Vistesen -- hat tip to Edward Hugh for bringing Claus's blog to my attention.)
... Bank of England Governor Mervyn King says that "global interest rates may have been too low for too long".
"During the fastest three-year period of world economic growth for a generation, monetary policy around the world may have simply been too accommodative," said King in a speech to business leaders in Edinburgh. "Even though the monetary stimulus around the world is now being withdrawn, its effects are still being felt."
Oh yeah. Comments yesterday by at least one Federal Reserve official were generally interpreted as hawkish.
All eyes, then, on today's U.S. Producer Price Index and tomorrow's Consumer Price Index reports.
UPDATE: Tim Duy has a terrific round-up of commentary within and without the Federal Reserve, including links to many items I should have linked to (and would have, had only real life not intruded on my blogging).
TrackBack URL for this entry:
Listed below are links to blogs that reference Inflation Fears From Highly Placed Sources:
- What's behind the Recent Uptick in Labor Force Participation?
- Is the Number of Stay-at-Home Dads Going Up or Down?
- Labor Force Participation: Aging Is Only Half of the Story
- Putting the MetLife Decision into an Economic Context
- The Rise of Shadow Banking in China
- Which Wage Growth Measure Best Indicates Slack in the Labor Market?
- Collateral Requirements and Nonbank Online Lenders: Evidence from the 2015 Small Business Credit Survey
- Are Paychecks Picking Up the Pace?
- Introducing the Refined Labor Market Spider Chart
- Shrinking Labor Market Opportunities for the Disabled?
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit
- Wage Growth