We Are Not Out of the Economic Woods Yet

For a while, recently, it looked as though the U.S. economy could create something on the order of 250,000 jobs per month, which got economic analysts thinking and hoping that at long last, the United States had turned the employment corner and would soon reach full employment--or something resembling full employment, at any rate. Those …

In Praise of Janet Yellen

Her statement today, in which she mentioned that the Federal Reserve would watch to see how the employment market was doing before raising interest rates, is welcome news for just about anyone who is still concerned that the economic recovery is not on firm footing, and who believes that the job market still has a …

Larry Summers Will Not Be Chairman of the Federal Reserve

I am late to this, but as those who have been covering the horserace for the chairmanship of the Federal Reserve already know, Larry Summers has taken himself out of the running. Sarah Binder makes some good points regarding the rise and fall of Summers' prospects as a candidate for the chairmanship. You should read her …