Bernanke Archive


Fed/Bernanke probably concerned about core CPI going so high and making ‘popular’ headlines and is worried about cutting 50 into the triple negative supply shock of food/fuel/import-export prices. And with today’s claims number showing, there may not be as much slack in the labor markets as the last unemployment number indicated. The ...Read More

Trade numbers

U.S. Trade Deficit Hits 14-Month High on Oil Imports by Reed Saxon The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high. The Commerce Department reported ...Read More

Re: Bernanke

(email) On 11 Jan 2008 11:17:34 +0000, Prof. P. Arestis wrote: >   Dear Warren, > >   Many thanks. Some good comments below. > >   The paragraph that I think is of some importance is this: > > >  The Committee will, of course, be carefully evaluating incoming > >  information bearing on ...Read More

Comments on Bernanke speech

Although economic growth slowed in the fourth quarter of last year from the third quarter’s rapid clip, it seems nonetheless, as best we can tell, to have continued at a moderate pace. Q4 GDP seen as ‘moderate’ – that is substantially better than initial expectations of several weeks ago. Recently, however, incoming ...Read More

Re: fiscal response

On 04 Jan 2008 22:29:03 +0000, Prof. P. Arestis wrote: > Dear Warren, > > Many thanks. > > This is all interesting. The sentence that caught my eye is this: “A fiscal > package is being discussed to day by Bernanke, Paulson, and Bush. That > would also reduce the odds ...Read More

A tale of mixed metaphors

Ben Bernanke will save the world, but first we bleed Posted by Ambrose Evans-Pritchard on 14 Dec 2007 at 12:48 The Bernanke ‘Put’ has expired. Are Bernanke’s academic doctrines blurring his vision? The Fed cuts a quarter point, and what happens? Wall Street’s ungrateful wretches knock 294 off the Dow 294 in ...Read More

Manpower survey better than expected

Bernanke stated he was watching the labor markets closely, right up to the meeting, and the latest survey further confirms its holding up at least as well as expected, if not quite a bit better. The headline and lead in, however, continue to indicate a reporting bias toward a slowdown: U.S. Employers ...Read More

Where the fed is vulnerable to the press

While Fed gov Fisher was correct in stating the Fed isn’t held hostage to market pricing of fed funds when it makes its decision, the Fed is vulnerable to manipulation when it comes to inflation expectations. Under mainstream theory, the ultimate cause of inflation is entirely attributed to the elevation of inflation ...Read More

Balance of risks revisited

“I don’t think that’s fair because I don’t — again, I think I’ve been pretty clear in saying we have an economy in the US that is fundamentally healthy. I think the jobs numbers today showed an economy that is fundamentally healthy. We’ve got very strong demand outside of the US. We’ve ...Read More

Review of Bernanke Speech

(prefaced by interoffice email) > Key line is the Committee will have to judge whether the outlook > for the economy or the balance of risks has shifted materially. This > opens the door for changing the balance of risk at the next FOMC > meeting (Towards weaker gwth in light of ...Read More