Leading Fed Inflation Hawk Now Thinks Central Bank Not Doing Enough

By: Wednesday October 31, 2012 9:15 am

It wasn’t so long ago that Narayana Kocherlakota, the President of the Minneapolis Federal Reserve, was the leader of the coalition arguing for tighter monetary policy, even in the middle of mass unemployment. He claimed that unemployment was structural in nature, and that we risked runaway inflation with ultra-low interest rates. Just a year or [...]

Influential Regional Fed President Concedes Need for Monetary Action Against Unemployment

By: Friday September 21, 2012 6:15 am

I don’t know whether this is a positive sign about policymakers recognizing the depth of our economic problems, or a negative sign about the depth of our economic problems. But the President of the Minneapolis Federal Reserve, Narayana Kocherlakota, set a target unemployment rate he would like to see before the Fed raises the federal [...]

The Movement to Tax Banks

By: Thursday July 8, 2010 7:08 am

Much like how the health care debate coincided with a last-minute failure on Medicare buy-in, the financial reform debate coincided with a last-minute failure on taxing the banks. Both of the policies were compromises – Medicare buy-in was the climb-down from the public option (and single-payer), and the bank tax inserted in the conference report [...]

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