Federal Reserve Board Chair Janet Yellen made waves in her Congressional testimony last week when she argued that social media and biotech stocks were over-valued. She also said that the price of junk bonds was out of line with historic experience. By making these assertions in a highly visible public forum, Yellen was using the power of the Fed's megaphone to stem the growth of incipient bubbles. This is an approach that some of us have advocated for close to twenty years.
If GDP growth is that dependent on workforce growth, and 1990s growth repeats itself -- which was the longest uninterrupted economic expansion in our history that also gave us four years of budget surpluses -- then we may see the next generation about to take charge. They could turn out to be much more industrious than we know!
We will not see a real recovery that puts even the long term unemployed back to work, until the mountain of private debt is reduced. And that can't happen until we create full employment policies that continue to create more jobs on Main Street.
Kirsten Wolberg, Vice President of Technology Business Operations, joined PayPal in June 2012 to lead the Technology Business Operations organization....
If you asked the average person how they feel about the Federal Reserve's latest economic projection that trimmed its estimate of 2014 U.S. GDP growth to a range of 2.1-2.3 percent, they would probably say that's not so hot -- not a recession, but quite depressing nonetheless.
Moira Forbes delivered a Trifecta on the track for Thoroughbred Women running and winning and earning success governed by the four Forbes metrics: money, media presence, spheres of influence, and technology.
The short answer is that higher inflation comes from higher growth rates, and so when an economy expands robustly, then prices should also rise robust...
It will be six years in October 2014 that Federal Reserve officials started building the monetary bomb. Now that the bomb has reached $2.58 trillion, ...
The focal point of it is for the Federal Reserve Bank to make available to member banks very inexpensive money on the condition that this money be used for business growth and expansion in America. This money must include the hiring of long-term unemployed workers.
Mainstream Media, like Time Magazine, needs to be called out for how they continue to represent women, even as we enter the positions of greatest power.
Some have called it a Putin bond rally. Or it might be new Fed Chairperson Yellen's determination to keep interest rates as low as possible, until economic prosperity returns to Main Street. It might as well be because our employment rate is still above 6 percent, with many millions of the long term unemployed out of work.
Bond traders seem to have seen Steve Martin's The Man With Two Brains so often they have forgotten it was a comedy. And these are the folks the equity markets are supposed to pay attention to?
In recent years, private-sector forecasters have been surprisingly accurate at forecasting changes in the unemployment rate, but they have been equally inaccurate when forecasting changes in the federal funds rate, the baseline interest rate controlled by the Fed.
We have just heard from new Federal Reserve Chairperson Janet Yellen in her first official speech entitled, What the Federal Reserve is Doing to Promo...
I believe that the Fed has overreached in its monetary policy not just in response to the latest crisis, but pretty consistently over the 15-20 years. In an effort to lessen the effects of (inevitable) economic downturns, the Fed (and other central banks) has caused extreme financial distortions and dislocations.
Despite Yellen's evident caution and discomfort in expressing any specific quantitative definition of "considerable period," the stock and bond markets chose to take Yellen ultra-literally about the six months and turned suddenly and violently downward.