With unemployment and inflation now low, it might seem that their relationship no longer matters. Not so fast, says the economist N. Gregory Mankiw. Source: NYT > Business – N. Gregory Mankiw
In the Fed’s Rate Cut, a Focus on Everyday Workers
As part of a broader evolution, the Federal Reserve is focusing on transparency, inclusiveness and a greater responsiveness to ordinary people. Source: NYT > Business – Jeanna Smialek
Why Rate Cuts Don’t Help Much Anymore
Interest rates have been so low for so long that further cuts may not do a lot to stave off a slowdown, the economist Austan Goolsbee says. Source: NYT > Business – Austan Goolsbee
Why the Fed Cut Rates: To Try to Fix Last Year’s Mistake
Not a recession-fighting measure per se, but a recalibration of strategy, and a recognition that the world has changed. Source: NYT > Business – Neil Irwin
European Economy Slows, Raising Expectations of E.C.B. Action
The eurozone economies grew at a 0.2 percent rate last quarter, and inflation remains far below the European Central Bank’s target. Source: NYT > Business – Stanley Reed
European Economy Slows, Raising Expectations of E.C.B. Action
The eurozone economies grew at a 0.2 percent rate last quarter, and inflation remains far below the European Central Bank’s target. Source: NYT > Business – Stanley Reed