Joel Prakken, chairman of Macroeconomic Advisers, said this morning that he expects the nation’s economy to grow about 4 percent next year and almost that fast in 2011. That means the recession is definitely over, and Prakken admits that he’s…

James Bullard, president of the St. Louis Federal Reserve Bank, is worried about falling into a “trap” in which deflation remains a danger and interest rates remain low for an extended period of time. To avoid that trap, he said…

Many parts of the tax code are indexed for inflation, and that usually means an annual increase in such figures as the amount you’re allowed to contribute to a 401k. Next year, however, the 401k limit may go down instead…

James Bullard, president of the St. Louis Federal Reserve Bank, has spent most of his career figuring out how to fight inflation. So when he stands up and says that what we need is more inflation, people should take notice.

In a…

Now that the Federal Reserve has pushed short-term interest rates to zero, some pundits are saying the central bank is out of recession-fighting ammunition. Not so, argues James Bullard, president of the St. Louis Federal Reserve Bank. In a speech today…

Deflation has been the big topic of discussion among economists lately, especially at the Federal Reserve. This Chicago Tribune piece even says that a little inflation would be a good thing. Many ordinary people, though, aren’t so quick to cast aside their…