Ben Bernanke calls for help to revive the stuttering US economy | Richard Adams
Ben Bernanke, chairman of the Federal Reserve, says the Fed needs help to revive the US economy. But it won’t get any
What did the chairman of the Federal Reserve say in Jackson Hole? According to much of the reaction, Ben Bernanke said the “Fed stands by to boost US growth” (FT), or that the “Fed [...]
Ben Bernanke: Wall Street’s servant | Dean Baker
The Federal Reserve is failing in its duty to tackle unemployment – because its chairman heeds only the banks, not the US public
Last week, the Fed announced that it would use the proceeds from retired mortgage-backed securities to buy up more government bonds. This may have a very modest effect in keeping long-term interest rates [...]
The economic fallacy of ‘zombie’ Japan | Steven Hill
Paul Krugman and others have got Japan wrong: Americans should be so lucky as to get a Japanese-style lost decade
Japan has been getting a raw deal from the so-called economic experts. Consider this: in the midst of the great recession, the United States is suffering through nearly 10% unemployment, rising inequality and poverty, 47 million [...]
US quantitative easing: the Federal Reserve’s options
The US Fed open markets committee meets tonight to address the slowdown in the world’s largest economy and QE is back on the agenda
What is QE?
The worst economic slump in decades prompted central banks around the world to take unprecedented measures. By the end of last year the Bank of England had pumped £200bn into [...]
West prepares for bad news from US as fears mount over recovery
US data likely to show poor outlook on jobs
Markets are braced for more gloomy news on the western economies with US data expected to confirm a poor outlook for jobs and shaky confidence.
Figures today showed a surprise jump in US claims for unemployment benefit to a three-month high of 479,000.
They are expected to [...]
US bailouts prevented 1930s-style Great Depression says new study
New study by economists Mark Zandi and Alan Blinder says US economic stimulus averted a worse downturn
To Washington conservatives they were egregious examples of “big government” overreach, but the White House’s economic stimulus and bailout policies have saved 8.5m jobs and averted a further slump of 6.5% in US economic output, according to a study [...]
Energy prices sore twice as fast as Europe
Organisation for Economic Cooperation and Development said today that,” the rate of inflation on house hold energy bills and food shopping has risen twice as fast then any other country in the EU”. These finds show that the average house holds cost raised by 25% the same as it did last year as well. with [...]
