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Criminalising the Fed
Plus the employment/growth puzzle
Beware of overconfidence
There are limits to extrapolating from last year’s economic resilience
The downside of staving off recessions
Long periods of expansion create fiscal, financial and productivity risks
Stocks’ irrational rate-cut rally
And the prospects for a Hassett-led Fed
US inflation stays at 2.7% in December
Figures suggest cost pressures are being contained even as price growth remains above Fed’s target
US inflation rises less than expected to 3% in September
Figure paves way for expected Federal Reserve rate cut next week