The Federal Reserve must be prepared to prevent a surge in inflation that may be sparked by the stimulus policies implemented during the credit crisis, according to a Federal Reserve Bank of St. Louis report. “What’s needed is an effective ...

Tagged with: Federal Reserve inflation stimulus

If you owned stocks and gold and had to sell one, which would it be? Standard & Poor’s 500 Index has gained almost 60 percent since its low on March 9. Gold is near a record price. I know a ...

Tagged with: economy inflation Standard & Poor's

New York Federal Reserve Bank President William Dudley said the Fed has the tools to prevent inflation from accelerating and doesn’t need to begin trimming its balance sheet. “It’s a little bit premature to be so confident that you want ...

Tagged with: inflation

Double-digit unemployment looms. The country is in a funk. The federal budget deficit is widening to an extent not seen in decades. This scenario isn’t new. It also describes the U.S. in 1982. Somehow, the 1980s and the 1990s turned ...

Tagged with: Federal Reserve inflation taxes unemployment

When Ben Bernanke arrived at the Federal Reserve, first as a governor in 2002 and then as chairman in 2006, he was known as an inflation targeter. He had written the book (literally) on the subject, based on his empirical ...

Tagged with: Ben Bernanke Federal Reserve inflation