James Bullard is worried about “medium term” inflation and agitating for a subtle change in monetary policy, he said this morning at Commerce Bank’s annual economic breakfast. But Bullard, president of the St. Louis Federal Reserve Bank, saved his strongest…

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…

At last week’s St. Louis Federal Reserve Bank economic policy conference, economist Jesús Fernández-Villaverde presented an interesting challenge to conventional Federal Reserve history. Conventional wisdom holds that the Fed chairmen of the 1960s and 1970s, such as Arthur Burns and G.…

The economy is already recovering from recession and will get stronger in 2010, Federal Reserve Vice Chairman Donald Kohn said today in St. Louis. The recovery is being driven by a slowing of inventory liquidation and an improvement in home building, he said.

However, like…

In London, “mind the gap” announcements remind subway travelers to be careful of the space between the train door and the platform. James Bullard, president of the St. Louis Federal Reserve Bank, reminded economists Sunday to be careful about how they…

Once upon a time, a twenty-something American’s finances were pretty simple. You graduated from school, started earning a paycheck, opened a checking account and maybe took out a car loan. Today’s young people, though, have to cope with student loans…

It’s always nice to be noticed by smart people who agree with you. Harry Schumacher, editor of Beer Business Daily, sent an email to clients entitled “A Sane Lone Voice Amid the Chaos.” It started out,

In a sea of over-the-top…

A reader called last week with an interesting question: Should he sell his Series I U.S. Savings Bonds, on which the yield reset to zero percent as of May 1?

My answer: probably not. There certainly are drawbacks to the current…

Bill Greiner, UMB Bank’s chief market strategist, predicts that the economy will recover in 2010 but says the stock market remains a dangerous place for now. The problem with the market is a lack of visibility about the financial system’s…

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…