Balancing Inflation and Growth Part 9 of 13
Recent readings on inflation have not been encouraging. The rate of increase in the core personal consumption expenditures price index, or core PCE that is, what people buy, except food and energy was 2.2 percent over the 12 months ending in January. Yet, its headline [...]
Balancing Inflation and Growth Part 3 of 13
Indeed, as I speak, central bankers here and across both the pond and the channel feel besieged by a seemingly insurmountable foe delivering retribution for our having been complacent, if not smug, during those happier days. Like Henrys troops at Agincourt, it may appear that [...]
Balancing Inflation and Growth Part 1 of 13
It is an honor to speak here in London to the Society of Business Economists at the suggestion of my much-admired friend, Charlie Bean at the Bank of England. Charlie is on the advisory board of the Dallas Feds Globalization and Monetary Policy Institute, and [...]
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