Balancing Inflation and Growth Part 11 of 13 One would like to think that as the economy slows, inflationary pressures will do likewise. But we cannot always be sure they will, given the globalized commodities trading system nature of the U.S. economy. Demand-pull pressures abroad have an increasingly potent influence on our domestic economy.
Balancing Inflation and Growth Part 5 of 13 Some argue it is the slowing economy. Even if you foresee the most likely U.S. scenario as a period of flat growth for a few quarters, followed later in the year by a return to potential growth of about 3 percent, one cannot help but worry about whether the so-called tail risk commodity trading
Balancing Inflation and Growth Part 8 of 13 Over the same period, the dollar has declined nearly 3 percent against the euro. We know that monetary policy acts with a lag of commodities trading systems, but even with my well-documented pessimism about the efficacy of lowering the fed funds rate to 3 percent, I had privately hoped, against the
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 we are most grateful for his platform
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