Political Capital

Steve Matthews

Marianne Bertrand, labor economist and professor at The University of Chicago, poses in this undated handout photo released to the media on Aug. 21, 2013.

Courtesy The University of Chicago via Bloomberg

Marianne Bertrand, labor economist and professor at The University of Chicago, poses in this undated handout photo released to the media on Aug. 21, 2013.

Women Avoid Earning More Than Husbands

Women have reduced their participation in the U.S. labor force in order to avoid earning more than their husbands and keep peace in the households, according to the research by Marianne Bertrand, an economist at University of Chicago’s Booth School of Business. She and...

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Federal Reserve chairman Ben Bernanke arrives for a family photo of finance ministers and central bank governors following the G20 meeting at the 2013 World Bank/IMF Spring meetings in Washington on April 19, 2013.

Photograph by Nicholas Kamm/AFP via Getty Images

Federal Reserve chairman Ben Bernanke arrives for a family photo of finance ministers and central bank governors following the G20 meeting at the 2013 World Bank/IMF Spring meetings in Washington on April 19, 2013.

Fed on U.S. Growth: Don’t Blame Us

The Federal Reserve made it clear in describing the U.S. economy today that any fault for this year’s sluggish expansion lies outside the central bank. “Fiscal policy is restraining economic growth,” the Federal Open Market Committee said, with a more direct message than...

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Cypriots during a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.

Photograph by Patrick Baz/AFP via Getty Images

Cypriots during a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.

Fed Opposed Cyprus-Like Bank Tax — in 1941

More than half a century ago, the Federal Reserve opposed the idea of a tax on bank deposits similar to the one Cyprus has imposed. It wasn’t the threat of bank runs that was the problem so much as fairness....

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks to the Economic Club of New York on Nov. 20, 2012.

Photograph by Scott Eells/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks to the Economic Club of New York on Nov. 20, 2012.

Bernanke’s Green Light for Easing

The latest inflation reports tied to consumer spending give Federal Reserve Chairman Ben Bernanke a green light to consider stepping up asset purchases, or quantitative easing. Today’s Commerce Department report showed that a measure of prices tied to spending advanced 1.7...

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Traders work on the floor of the New York Stock Exchange.

Photograph by Mario Tama/Getty Images

Traders work on the floor of the New York Stock Exchange.

S&P 500 At 5-Year High May Be Signaling Obama Win

Wagers on President Barack Obama ’s re-election rose last week to a 16-month peak, according to the online prediction market Intrade. At the same time, the Standard & Poor’s 500 index advanced to the highest level since 2007. Capital Economics senior U.S. economist...

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