In an interview with CNBC’s Maria Bartiromo yesterday, Richmond Fed president Jeffrey Lacker refused to offer any clear sign as to when the central bank might finally end its zero-bound policy and begin raising rates. When asked whether he was worried about future inflation, Lacker said he thinks “we’re in a good place with inflation right now.” Read More
The Dow finished slightly higher on Tuesday. Is this rally sustainable—and how much further does the bull have to run? Eric Ross, director of US equity research at Canaccord Adams, and Rick Bensignor, head of research at Execution LLC, shared their market outlooks. Read More
My friend Dan Mitchell explains in this CF&P Foundation video why Washington's healthcare proposals will result in bloated government and higher deficits. Read More
It appears that Washington is about to enact sweeping legislation that will be the greatest shift in public policy in decades. Yes, we can bemoan the lack of a completely private enterprise driven system but the reality is Big Brother is here and he's not going away. Without a doubt there will be implications for investors that need to be considered; and it's not all bad news from an investment perspective. Read More
As the Senate Environment and Public Works Committee began hearings on carbon regulation, debate ran along traditional battle lines, but with a new script. Read More
Posted By:William Dunkelberg, Economics Professor, Temple UniversityCNBC Guest Blog
Administration officials have admitted that the “Stimulus Package” hasn’t been very stimulating. So now, some in Congress are considering “Stimulus II”, which may take the form of a jobs tax credit similar to that enacted in 1976-77, writes William Dunkelberg, Economics Professor at Temple University. Read More
Burlington Northern Santa Fe CEO Matt Rose says the railroad's proposed acquisition by Berkshire Hathaway is being "very warmly received" by Washington policy makers. Read More
While the stock market is cheering easy money, the cheering is very short-sighted. I wouldn’t buck the tape, but I regard the Fed’s policy as a storm cloud over stocks and the future economy. Read More