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 "Even though the monetary stimulus around the world is now being withdrawn, its effects are still being felt."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 the Weather Wrought
- Déjà Vu All Over Again
- Is Measurement Error a Likely Explanation for the Lack of Productivity Growth in 2014?
- What Seems to Be Holding Back Labor Productivity Growth, and Why It Matters
- Signs of Improvement in Prime-Age Labor Force Participation
- Could Reduced Drilling Also Reduce GDP Growth?
- Are Shifts in Industry Composition Holding Back Wage Growth?
- Are Oil Prices "Passing Through"?
- Business as Usual?
- What's (Not) Up with Wage Growth?
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- 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