Photograph by Robert Nickelsberg/Getty Images
A man searches for recyclable bottles and cans near the New York Stock Exchange on June 8, 2012 on Wall Street in New York City.
Income Inequality on Fed’s Radar
Income inequality is becoming an increasing issue for Federal Reserve officials and may prove to be an important factor in monetary policy, according to Credit Suisse Group AG. Citing speeches by policy makers including Vice Chairman Janet Yellen and Governors...
Read more »Underwater Homeowners Will Work for Less Pay
Written with Shamim Adam People who are underwater on their home mortgages probably will accept “significantly” lower wages than other homeowners, according to a study published this month by the Federal Reserve Bank of Atlanta. The recent U.S. housing bust left many homeowners...
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Photograph by Nikki Kahn/The Washington Post via Getty Images
President Barack Obama at the University of Miami in Coral Gables, Florida, on October 11, 2012.
Obama Shouldn’t Despair Over ‘Misery Index’
The “Misery Index” shouldn’t give President Barack Obama reason to despair. Economic misery, measured as a combination of unemployment and inflation, is lower now than before the Democrat won the race for the presidency in 2008. Such a decline suggests a “narrow re-election”...
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Photograph by Joe Raedle/Getty Images
Mitt Romney and Rep. Paul Ryan on stage after accepting the nomination during the final day of the Republican National Convention.
Wyoming Bar Hosts Possible Romney Fed Picks
As Mitt Romney accepted his party’s presidential nomination last night, watching his speech from a Wyoming bar were potential candidates to run the Federal Reserve should he win. Glenn Hubbard, dean of Columbia Business School and an economic adviser to...
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