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Washington, DC
Central Banking and Economics Reporter — Wall Street Journal
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Reporter covering the Federal Reserve and economics at The Wall Street Journal. Previously at Reuters. Watching Fed policy for a considerable time.

‘Slack’ in Job Market Hurts Wage Growth, Chicago Fed Paper Says

blogs.wsj.com — The U.S. labor market still has plenty of unused capacity or "slack," and that hurts workers at the bottom of the income ladder the most, according to a paper released Friday by two economists from the Federal Reserve Bank of Chicago. They say labor market conditions have "yet to revert fully to prerecessionary levels."

Kocherlakota Says Fed Still Missing Inflation, Jobs Goals

blogs.wsj.com — U.S. inflation has remained consistently below the Federal Reserve's 2% inflation target and is forecast to continue doing so, while the broader economy is still "some way" from full employment, Minneapolis Fed President Narayana Kocherlakota s aid Friday.

James Bullard Says Fed Getting ‘Pretty Close’ to Policy Goals

blogs.wsj.com — In an interview with The Wall Street Journal, St. Louis Fed President James Bullard said falling unemployment and rising inflation are bringing the Federal Reserve closer to its goals more rapidly than policy makers had foreseen, and may justify raising interest rates as early as the end of the first quarter of 2015.

Fed Exit Fears Overstated, S&P Economist Says

blogs.wsj.com — Worries that the Federal Reserve's attempt to unwind extraordinary monetary support for the U.S. economy will go awry - because the central bank is in uncharted territory - are excessively alarmist, Standard & Poor's chief global economist Paul Sheard says in a new report.

Decline in 'Slack' Helps Fed Gauge Recovery

online.wsj.com — U.S. factories that were idled during the recession are now humming with activity. Office and apartment buildings have less empty space. Unemployment is falling, while wages and benefits are growing slowly. All are signs of an economy still healing from a deep downturn that created lots of economic slack: the gap between the resources we have...

Decline in 'Slack' Helps Fed Gauge Recovery

online.wsj.com — U.S. factories that were idled during the recession are now humming with activity. Office and apartment buildings have less empty space. Unemployment is falling, while wages and benefits are growing slowly. All are signs of an economy still healing from a deep downturn that created lots of economic slack:-the gap between the resources we have and...

IMF: Right Policies Could Reverse Some of U.S. Labor Force Decline

blogs.wsj.com — The shrinking pool of workers in the U.S. job market is due in part to demographic shifts. But a substantial part of it can be addressed by policies that boost economic growth and productivity, says an economist at the International Monetary Fund.

Economists Still Betting on Mid-2015 Fed Rate Rise, WSJ Survey Shows

blogs.wsj.com — The Federal Reserve is likely to hold off raising interest rates from rock-bottom lows until summer of next year despite recent improvement in the labor market, according to a survey of economists from The Wall Street Journal published Thursday.In its July meeting statement issued last week, the Fed nodded to a pickup in U.S.

Economists Still Betting on 2105 Fed Rate Rise, WSJ Survey Shows

blogs.wsj.com — The Federal Reserve is likely to hold off raising interest rates from rock-bottom lows until summer of next year despite recent improvement in the labor market, according to a survey of economists from The Wall Street Journal published Thursday.In its July meeting statement issued last week, the Fed nodded to a pickup in U.S.

Inequality Is Damaging the U.S. Economy, S&P Study Says

blogs.wsj.com — U.S. income inequality is harming U.S. economic growth by excluding large swaths of the population from its cumulative benefits, Standard & Poor's Ratings Services says in a new report. Tackling an unusual subject for a credit-rating firm, S&P combines a review of recent studies on inequality with its own analysis to find that the gap in earnings between rich and poor can have lasting economic consequences.
More Articles →
Oct 24, 2014

Apparently the EU has a growth czar (don't laugh), and he's telling Germany to spend some money. reut.rs/12o8Htx h/t @ReutersGMF

Oct 24, 2014

As Goldman Sachs and Blackstone become landlords in Spain, rents on rent-controlled apartments for poor start rising reut.rs/1wo7PPv

Oct 24, 2014

Madrid’s city, regional governments sold almost 5,000 rent-controlled flats to investors like Goldman and Blackstone reut.rs/1wo7PPv

Oct 24, 2014

The shadow housing system: Why Madrid's poor fear Goldman Sachs and Blackstone reut.rs/1wo7PPv

Oct 24, 2014

Iraqi forces are months away from being able to stage a ground offensive against Islamic State, U.S. military says reut.rs/12mPg4m

Oct 24, 2014

Venezuelan government implements food rationing by using fingerprint scanners to limit purchases of basic goods on.wsj.com/1ovCeLY

Oct 24, 2014

Home prices fell in 69 of 70 Chinese cities in September on a monthly basis on.wsj.com/1wsMJP0

Oct 24, 2014

‘I bought two homes last year and…I have no plans to buy any more.’—businessman from China’s Dongguan city on.wsj.com/1wsMJP0

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