You know things are bad when even the optimists sound unsure about the future.
The Federal Open Market Committee came out with more negative predictions for inflation, economic growth and unemployment today, but still said that by the end of 2013 everything should be much better than it is now.
However, at his second-ever press …
Federal Reserve Chairman Ben Bernanke spoke again on Tuesday, but you didn’t miss much. He still thinks unemployment is way too high, and he still has no plans to do anything about it. His primary message didn’t change since …
I try not to start arguments with people who are way smarter than me, especially when we’re basically on the same side of an issue, but in my part-time capacity as Ben Bernanke’s English translator, I feel compelled to point out that Ezra Klein’s take on the Fed chairman’s press conference is wrong. Bernanke did not choose sides in the …
Fed-watchers may recall that in my last post, I courageously risked my membership in the Ben Bernanke Fan Club by asking the chairman why he had failed to juice the economy enough to avoid sky-high unemployment. The boring …
