Janet Yellen assures us that the global economy does not pose a meaningful threat to the U.S. economic recovery. She does so in seeming disregard of a currency crisis that has now engulfed a number of major emerging market economies as well as of clear signs of slowing in China.
The February 11 testimony of Janet Yellen, the new Chairman of the Federal Reserve Board, to the House Financial Services Committee, described the Fed as “transparent and accountable.” However dubious a description this may be, four transparent intentions of the Fed did come through.
Quantitative easing and fiscal stimulus are becoming less effective. The reason is the same as the reason that antibiotics, overused in an attempt to cure infections including common colds, are becoming less and less effective with more intensive use: endogeneity.
As the Federal Reserve now begins unwinding its unprecedented quantitative easing program, one would think that it would be well served by being mindful of Wall Street’s turkey adage — when the winds are strong even turkeys fly. For never before has global liquidity been as ample as it has been in the past few years.
Testimony for the House Financial Service Committee’s Subcommittee on Monetary Policy and Trade.
Wasn't the much-maligned QE that the Fed has begun to taper/reduce supposed to be causing a stock market bubble? So why does starting to take it away trigger a sharp stock market rally?
Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.
This event will coincide with the release of a new report by AEI’s Mary Habeck, which analyzes why current national security policy is failing to stop the advancement of al Qaeda and its affiliates and what the US can do to develop a successful strategy to defeat this enemy.
During this event, experts with many different views on the ACA will offer their predictions for the future.