fed up

This blog post accompanies the SDPR Morning Macro segment that airs on Monday, March 25. Several years ago, then-Governor of the Bank of England, Mervyn King, quipped that monetary policy should be boring.  As it happens, making monetary policy boring is a lot tougher than we might think.  In the last year or so, and indeed […]

separation anxiety

This blog post accompanies the SDPR Morning Macro segment that aired Monday, March 18. Last Friday, March 15, the Bureau of Labor Statistics (BLS) reported, “Over the month [of January], hires and separations were little changed at 5.8 million and 5.6 million, respectively.  Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges […]

follow the yellow brick road

This blog post accompanies the SDPR Morning Macro segment that aired Monday, March 11. In 1900, L. Frank Baum, a denizen, for a time, of Aberdeen, South Dakota, published, The Wonderful Wizard of Oz, a magnificent tale that Metro-Goldwyn-Mayer made into an unforgettable cult classic.  As every child knows, the tale is actually a deeply informed treatise […]

measurement error

This blog post accompanies the SDPR Morning Macro segment that aired Monday, March 4. Last week, the Bureau of Economic Analysis, a unit of the U.S. Department of Commerce, reported that real gross domestic product (GDP) grew in the fourth quarter of 2018 by an annualized rate of 2.6 percent, less than the annualized rate of […]

fiscal therapy

This blog post accompanies the SDPR Morning Macro segment that aired Monday, February 25. In February 2014, the White House Council of Economic Advisors reported the American Recovery and Reinvestment Act of 2009, which Congress passed in response to the Great Recession, had generated annually 1.6 million jobs and 2 to 3 percentage points of gross […]