Presidential missteps in the offing that could have bad economic effects
My friends were poking fun at New York Times columnist Paul Krugman recently. I piped in, offering up that the liberal Paul Krugman in the newspaper can be somewhat different from the Nobel laureate who used to teach economics at MIT, the London School of Economics and Princeton, before moving on to City University of New York.
By Lawrence H. Summers
Special To The Washington Post
Janet Yellen has completed her term with unemployment much lower than it was when she began, with inflation low and closer to target, and with the financial system better capitalized and more liquid. What more can anyone ask from a Fed chair?
Questions arise over departure of first woman to lead Fed
WASHINGTON (AP) — Nearly four years into Janet Yellen's history-making turn as the first woman to lead the Federal Reserve, the economy is growing, the unemployment rate is low and the stock market is setting record highs.
President Donald Trump says Yellen is a "spectacular person" and doing a "terrific job." But he's not offering her a second term, making her the first Fed chair in nearly 40 years not to be asked back.
A puzzle for central bankers: Solid growth but low inflation
JACKSON HOLE, Wyoming (AP) — Against a backdrop of strengthening growth but chronically low inflation, Federal Reserve Chair Janet Yellen and other central bankers are taking their measure of the global economy at their annual conference in the shadow of Wyoming's Grand Teton Mountains.
West Virginia Senate votes to overhaul state tax system
CHARLESTON, W.Va. (AP) — West Virginians would pay a higher sales tax but lower income taxes under a bill approved Wednesday by the Senate to overhaul the state's tax system.
The bill pushed by the chamber's Republicans raising the state sales tax from 6 cents on the dollar to 7 cents passed 22-12.
Doris M. Damm (nee Stubergh), of Moorestown, started a temp agency in her home as she was raising three children. The company, eventually named ACCU Staffing Services, became so successful that Mrs. Damm was named to the board of directors of the Federal Reserve Bank of Philadelphia, and later as chairwoman of the board. Her role at the bank took her to Washington for meetings where she sat across the table from Alan Greenspan and Ben Bernanke.
WASHINGTON — Alan Greenspan, the former chairman of the Federal Reserve Board, weighed in last week on one of the pressing issues facing the Trump administration and the country —- slow economic growth. Greenspan's explanation is novel and is bound to be controversial. To preview: He blames the welfare state and overall uncertainty for the slowdown.
Alan Greenspan, the former chairman of the Federal Reserve, will serve as a consultant and economic advisor to a Ridgewood investment management company, the company said Friday.
When did we all become experts on most everything under the sun?
A story which appeared on Page A4 of the Daily Journal last Thursday focused on a report that people, particularly men, are becoming increasingly more reliant on their own knowledge and authority to reinforce why their view of a particular issue is the correct one.
This practice flies in the face of the traditional method used, which is citing information provided by recognized experts to support...