Janet Yellen, is a well-respected academic economist and a much-admired member of the Federal Reserve System community. She would make a good Fed chairman. Larry Summers, by virtue of the breadth of his market, government, and academic experience, is more likely to make a great Fed chairman.

You know the complaint: "I'm trying to find a job, but everywhere I look I see experience required. How am I supposed to accumulate experience if I need experience to gain experience?"

In his new economic outlook Third time unlucky: recession in 2014? John H. Makin uses historic business cycle trends and economic indicators to predict the future health of the American economy. His conclusion? A recession in the near future. If the economy is weakening heading into the third quarter, policymakers will need to enact policies to prolong expansion and boost the economy. 

As I wrote four weeks ago, the Federal Reserve is trying to figure out when the recovery has become firm enough to reduce its purchases of Treasury bonds and government-backed mortgages made under the quantitative easing program known as QE3.

Experts from the US, Europe, Canada, and Asia will address efforts to moderate housing cycles using countercyclical lending policies.

Amid falling approval ratings and an economy that continues to sputter, President Obama launched an economic-policy tour in recent days with speeches in Illinois, Missouri, Florida and Tennessee.

In 1992 Congress enacted a bill to regulate Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. Called the "Federal Housing Enterprises Financial Safety and Soundness Act" (the Safety and Soundness Act), its ostensible goal was to protect taxpayers.

Experts from the US, Europe, and Canada will address efforts and proposals to moderate housing cycles by using countercyclical lending policies.

The Consumer Financial Protection Bureau is everything that both proponents and critics thought it would be, and that’s not a good thing.

It’s no secret that innovation grows America’s economy. But that growth is constrained in two ways. It is constrained by the amount of properly trained talent, which is needed to produce innovation.