Tag Archives: Federal Reserve

Janet Yellen’s Nemesis—The Great Moderation

Popular Economics Weekly New Fed Chairwoman Janet Yellen has a great task ahead of her. How to combat the results of the Great Moderation, as it was called, that period of low inflation with moderate economic growth that prevailed from … Continue reading

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Hoorays For New Fed Chair Janet Yellen

Financial FAQs Fed Chairwoman Janet Yellen’s congressional testimony proved that she is more than qualified to steer the US economy back to health. She is the economists’ economist, in a word, willing to explain the most basic economic truths in … Continue reading

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Will 2014 Be a Janet Yellen Rally?

Popular Economics Weekly Consumer spending and future economic growth will depend on just how hard New Fed Governor Janet Yellen pushes the Federal Reserve Governors to maintain QE3 in 2014. She is a UC Berkeley economist interested more in creating … Continue reading

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November’s 203,000 Payroll Jobs Not Enough

Popular Economics Weekly The U.S. Bureau of Labor Statistics reported today unemployment declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000. But that shouldn’t be enough good news for the Federal Reserve … Continue reading

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So-called Qualified Mortgages Are a Problem

The Mortgage Corner The new rules coming into effect in January 2013 for most conforming loans—i.e., those guaranteed by Fannie Mae and Freddie Mac will cause a definite drop in mortgage lending. The Consumer Protection Financial Bureau, created under Dodd-Frank … Continue reading

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Fed Chairman Yellen Will Boost Economic Growth

Financial FAQs If we need any more evidence that Janet Yellen should be the next Federal Reserve Chairperson, it was the decision by the Fed Governors to continue their easing at the conclusion of their September 18 FOMC meeting, just … Continue reading

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Why Didn’t Fed Reduce QE3?

Popular Economics Weekly Chairman Ben Bernanke attempted to answer that question at his post-FOMC press conference last Wednesday.  He said economic growth has slowed and so the Fed has reduced its growth projection to 2.0 to 2.30 percent for the … Continue reading

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Existing Home Sales Take Off

The Mortgage Corner Existing-home sales have finally taken off, a sign that real estate might now be leading the economic recovery. Real estate has historically led past recoveries, by employing so many construction workers and professional services, but not this … Continue reading

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Deflation is the Danger

Financial FAQs The Federal Reserve is about to announce their decision on when to begin tapering their purchases of securities at next Tuesday’s FOMC meeting. Among other issues is whether there is any danger of future inflation from continuing the $85 … Continue reading

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Bad Jobs Report, Another New Deal Needed

Financial FAQs We now know why this economic recovery has been so weak 4 years after the end of the Great Recession. The government has been taken out of the jobs market. Government spending has been cut, rather than increased … Continue reading

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