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Bullard Warns Against a Fed Too Focused on Jobs
Reuters, April 17, 2013. All Rights Reserved. (Reuters) – The Federal Reserve should remain focused on inflation and resist putting more weight on its employment mandate, a top U.S. central bank official said on Wednesday. St. Louis Fed President James Bullard, in a speech, cited research by Federico Ravenna and Carl Walsh that suggests "price […] -
Fed preocupada por la baja inflación en EU
Televisa, April 17, 2013. All Rights Reserved. Daña la credibilidad hablar de inflación subyacente pues crea una desconexión entre los precios minoristas y las políticas del gobierno NUEVA YORK, EU, abr. 17, 2013.- La actual tasa baja de inflación en Estados Unidos deja a la Reserva Federal con “espacio para maniobrar” mientras intenta apuntalar la […] -
Bullard Says Fed Is Limited in Its Ability to Affect Labor Markets
The Wall Street Journal, April 17, 2013. All Rights Reserved. St. Louis Fed leader James Bullard appeared to take issue with the central bank’s latest move to provide increased monetary policy guidance, saying in a speech Wednesday the Fed is limited in what it can do to affect labor market conditions. The best and most effective thing […] -
St. Louis Fed’s Bullard Discusses Whether the Fed Should “Put More Weight” on Unemployment
PRWeb, April 17, 2013. All Rights Reserved. Federal Reserve Bank of St. Louis President James Bullard gave remarks Wednesday on “Some Unpleasant Implications for Unemployment Targeters” at the 22nd Annual Hyman P. Minsky Conference. Federal Reserve Bank of St. Louis President James Bullard gave remarks Wednesday on “Some Unpleasant Implications for Unemployment Targeters” at the […] -
Fed’s Bullard Favors Bond Buys if Inflation Continues Decline
Reuters, April 17, 2013. All Rights Reserved. A top Federal Reserve official said Wednesday that If inflation continues to fall he would be willing to increase the pace of the central bank’s bond-buying to defend its 2 percent inflation target. St. Louis Fed President James Bullard cautioned that further accommodation in monetary policy is not needed […] -
Fed’s Bullard: Low Inflation Leaves Room to Maneuver
Reuters, April 17, 2013. All Rights Reserved. (Reuters) – The current low inflation rate leaves the Federal Reserve with "room to maneuver" as it tries to boost the U.S. economy through its extraordinary monetary policies, a top Fed official said on Wednesday. Still, St. Louis Fed President James Bullard said he was concerned about the low […] -
UPDATE: Fed’s Bullard: Inflation Too Low; May Need Response
The Wall Street Journal, April 17, 2013. All Rights Reserved. NEW YORK–Federal Reserve Bank of St. Louis President James Bullard on Wednesday said he is concerned inflationary pressures may be growing too weakly and the central bank may have to do something about it. "Inflation is running very low" as measured by the personal consumption […] -
Bullard Says Price Stability Is Best Mission for Fed
Dow Jones Business News, April 17, 2013. All Rights Reserved. NEW YORK—St. Louis Fed leader James Bullard appeared to take issue with the central bank’s latest move to provide increased monetary policy guidance, saying in a speech Wednesday the Fed is limited in what it can do to affect labor market conditions. The best and […] -
Blog
Kregel on Financial Liberalization and Rebalancing in China
Jan Kregel speaks at INET’s “Changing of the Guard?” conference in Hong Kong about the tensions between China’s highly regulated financial system and its efforts at rebalancing. Kregel compares elements of China’s financial system to what the United States had under Glass-Steagall and observes that, similar to the US experience, a de facto liberalization is [...] -
Book Series
Ending Poverty: Jobs, Not Welfare
Although Hyman P. Minsky is best known for his ideas about financial instability, he was equally concerned with the question of how to create a stable economy that puts an end to poverty for all who are willing and able to work. This collection of Minsky’s writing spans almost three decades of his published and […] -
Policy Notes No. 3
Employment Recovery(?) after the Great Recession
This policy note discusses the prospects for job creation in the US based on the most recent Levy Economics Institute Strategic Analysis report, Is the Link between Jobs and Output Broken? The results of our analysis confirm the continued weakness of the US economy in terms of job creation—a phenomenon that has come to be […] -
Working Paper No. 762
On the Franco-German Euro Contradiction and Ultimate Euro Battleground
Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe’s common currency, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German authorities have failed […]