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Key Fed official sees possible 'golden path' toward lower inflation without a recession
Read full article: Key Fed official sees possible 'golden path' toward lower inflation without a recessionAustan Goolsbee, president of the Federal Reserve Bank of Chicago, suggested that the economy appears to be on what he calls the āgolden path,ā another term for what economists often term a āsoft landing,ā in which the Fed would curb inflation without causing a deep recession.
Chicago Fed names ex-Obama adviser Goolsbee as next leader
Read full article: Chicago Fed names ex-Obama adviser Goolsbee as next leaderAustan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced.
Biden's dilemma in virus aid fight: Go big or go bipartisan
Read full article: Biden's dilemma in virus aid fight: Go big or go bipartisanFILE - In this Feb. 5, 2021, file photo President Joe Biden speaks about the economy in the State Dinning Room of the White House in Washington. One featured a public show of trying to reach across the political aisle, with bipartisan rhetoric and a White House invitation for Republican senators. But it's more likely that the White House will need to choose between the two extremes. āPresident Bidenās got some pretty big tests in front of him when it comes to domestic policy. AdThe process of securing the $787 billion package ā aid broadly credited for helping boost an economy in free fall ā left a bad taste for the Obama-Biden White House.
Oregon, New Mexico order lockdowns as other states resist
Read full article: Oregon, New Mexico order lockdowns as other states resistMichelle Lujan Grisham of New Mexico said in imposing a two-week stay-at-home order. Nevada Democratic Gov. In Montana, where cases are up more than 16% in the past week, Democratic Gov. Democratic Gov. Some economists say the crisis has been falsely portrayed as a choice between the economy and public health.
Biden to focus on economic plans, inequality in weeks ahead
Read full article: Biden to focus on economic plans, inequality in weeks aheadTo have true justice in America, we need economic justice, Biden said this week in Philadelphia. The former vice president says the plans to be unveiled later this month will focus on housing, education and access to capital. Biden, who ran a centrist campaign to win the primary, was moving to the left on some economic issues before the virus hit. But as Biden and other alumni of the Obama administration can attest, grand ambitions sometimes meet more challenging realities. Austan Goolsbee, Obamas chief economic adviser during the 2008 campaign who later served on the Council of Economic Advisers, noted there was a similar concern during those years that simply reacting to the economic crisis could take the focus off progressive priorities.