Posts tagged ‘Kocherlakota’

Did You Hear What Ben Said…and Didn’t Say?



In his high-profile speech to the New York Economic Club yesterday, Fed chairman Ben Bernanke didn’t give any new thoughts on monetary policy. He did reaffirm his view from September – that the Fed will be accommodative not just until the economy recovers, but until it’s clear that the…

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Look! Up in the Sky! It’s a Hawk! It’s a Dove! No…It’s the President of the Minneapolis Fed!



When danger threatened Metropolis, mild-mannered reporter Clark Kent dashed into the nearest phone booth to change into Superman. When the U.S. economy begins to stall, inflation-hating hawk and president of the Minneapolis Fed, Narayana Kocherlakota, runs up to Ironwood, Michigan to transform into…

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