At the press conference following the January 29-30 Federal Open Market Committee meeting Fed Chair Jerome Powell stated that members "believe that our current policy is appropriate at this time". Only 6 weeks before at the press [...]
Global| Jan 31 2019Fed's Pause & Risks of A Hard Landing
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Global| Jan 25 2019State Coincident Indexes
The Philadelphia Federal Reserve Bank's December estimates of state coincident activity continue to show a fairly moderate range of growth among the states, with 34 (2 more than the initial results for November) seeing gains between [...]
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Global| Jan 25 2019State Coincident Indexes
The Philadelphia Federal Reserve Bank’s December estimates of state coincident activity continue to show a fairly moderate range of growth among the states, with 34 (2 more than the initial results for November) seeing gains between [...]
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Global| Jan 18 2019"Opportunistic" Strategy for the Fed
Federal Reserve officials are between a rock and a hard place. Even though economic growth has topped policymaker’s expectations turbulence in the financial markets due to fear of tighter monetary conditions and the risk of a trade [...]
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Global| Jan 08 2019America's Trade and Production Problem
The US and China just concluded another round of lower ranking official trade negotiations. The next step is more formal talks with senior officials and there is great anticipation that a trade deal will be struck between China and [...]
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Global| Dec 27 2018State Coincident Indexes
The Philadelphia Federal Reserve Bank's estimates of state coincident activity in November shows further signs of converging growth across the nation. 32 states have seen gains between 2% and 4% over the last 12 months. Florida, with [...]
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Global| Dec 21 2018Fed Needs to Include Asset Prices in Their Playbook
In 2008 I attended the Federal Reserve Bank of Boston 52nd annual economic conference "Understanding Inflation and the Implications for Monetary Policy." During one of the panel discussions of then current policymakers I asked, "How [...]
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Global| Dec 20 2018State Personal Income
The first estimates of state personal income growth in 2018:Q3 indicate that, in general, as had been the case for employment for some time, states in the western part of the country were the fastest growing, with Nevada and [...]
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