Monetary Policy and the Economic Recovery Chair Janet L. Yellen At the Economic Club of New York, New York, New York
In sum, the central tendency of FOMC participant projections for the unemployment rate at the end of 2016 is 5.2 to 5.6 percent, and for inflation the central tendency is 1.7 to 2 percent. If this forecast was to become reality, the economy would be approaching what my colleagues and I view as maximum employment and price stability for the first time in nearly a decade. I find this baseline outlook quite plausible.
Out of Ammo? The Eroding Power of Central Banks Der Spiegel
Income Inequality Institute Will Pay Paul Krugman $25,000 Per Month [!] Gawker (nycTerrierist). Make up your own jokes!
Michael Bloomberg: ‘I Have Earned My Place in Heaven’ National Journal
NY attorney-general subpoenas high-frequency traders FT. Dems fake left for the midterms.
US financial showdown with Russia is more dangerous than it looks, for both sides Ambrose Evans-Pritchard, Telegraph
Ukraine: Kiev Fails Again, Propaganda Aims for WWIII Moon of Alabama
“Awesome in its evilness”: How to make GOP pay for its Medicaid nightmare David Dayen, Salon
Big Brother Is Watching You Watch
Phatra Securities analysis of the political situation Asian Correspondent
Chinese Mistress’s ‘Confession’ Kicks Off Internet Furor Asia Sentinel
When Did Men’s Income Peak? Demo Memo
The World According to Modern Monetary Theory The New Inquiry
Karl Polanyi Explains It All The American Prospect
Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens Perspectives on Politics, Fall 2014 (forthcoming)
The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence.
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