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What Will Make Fed’s Yellen ‘Reasonably Confident’ in Inflation Rebound?

Federal Reserve Chairwoman Janet Yellen indicated this week the central bank is considering a shift away from its pledge to be "patient" in deciding when to start raising short-term interest rates. And as the Journal's Jon Hilsenrath has suggested Ms. Show More Summary

Fed’s Williams Sees Door Open for Interest-Rate Increases Starting in June

Federal Reserve Bank of San Francisco President John Williams said the door is open to central bank interest rate increases any time from mid-June onward. In an interview with The Wall Street Journal, Mr. Williams expressed a good deal of confidence in the U.S. outlook, especially on hiring.

What Happened to Unions in the Midwest?

Unions are rapidly losing their grip on their onetime stronghold: the industrial Midwest. A ranking of America’s most-unionized states in 2014 didn’t include Midwestern states among the top seven.

Noted for Your Evening Procrastination for February 26, 2015

Over at [Equitable Growth](http://EquitableGrowth.org)--[The Equitablog](http://equitablegrowth.org/blog) [What Is the Interaction of the Supreme Court's Forthcoming King v. Burwell Decision with Health Policy? Is There an Interaction?:...Show More Summary

Evening Must-Read: Ann Marie Marciarille: Teeth Whitening at the Supreme Court: Occupational Licensing and Antitrust Law

Ann Marie Marciarille: [Teeth Whitening at the Supreme Court: Occupational Licensing and Antitrust Law](http://equitablegrowth.org/?p=9498): "The Supreme Court's 6-3 opinion in North Carolina State Board of Dental Examiners vs. FTC....

Afternoon Must-Read: Arindrajit Dube, Laura Giuliano, and Jonathan Leonard: Fairness and Frictions: The Impact of Unequal Raises on Quit Behavior

Arindrajit Dube, Laura Giuliano, and Jonathan Leonard: [Fairness and Frictions: The Impact of Unequal Raises on Quit Behavior](http://equitablegrowth.org/?p=9496): "At a large U.S. retailer...

Live from the Roasterie: Dealing with "Cognitive Closure": Paul Krugman vs. Allan Meltzer

For those who missed this last fall... Paul Krugman on Allan H. Meltzer: Paul Krugman (September 12, 2014): [The Inflation Cult](http://www.nytimes.com/2014/09/12/opinion/paul-krugman-the-inflation-cult.html?rref=collection/column/paul-krugman): "You find the same Groundhog Day story... Show More Summary

Apple Watch to be unveiled at March 9 event?

Apple sent invitations to a cheekily titled "Spring Forward" event to take place the day after we change the clocks

Is the American Dream dying?

For many, inadequate savings, weak income growth and heavy debts add up to a gnawing sense of financial security

Why Isn’t the Fed More Worried About Inflation Expectations?

Expected inflation, as measured by financial markets, has fallen sharply since last summer in both the eurozone and the U.S. The response of their central banks couldn’t be more different.

Stein Follow-up, by Russ Roberts

I want to thank everyone who responded to the Benn Steil continuing education post. Most of the responses were related to the question about war's impact on GDP and why I thought war was bad for the economy even though it boosts GDP. Listener/reader David Hurwitz did a nice job on these topics. Show More Summary

Continuing Education... Mike Munger on Choosing in Groups, by Amy Willis

Last year's most popular guest, Duke University's Mike Munger, was back on EconTalk this week, discussing the process of choosing in groups. Their conversation ranged from Odysseus to the Lewis and Clark expedition, and more. Now it's...Show More Summary

Is the U.S. economy in danger of deflating?

With prices falling for the first time since the financial crisis, the economic recovery could be weaker than it looks

Vehicle Sales Forecasts: Best February since 2002

The automakers will report February vehicle sales on Tuesday, March 3rd. Sales in January were at 16.6 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales in February will be about the same, and will probably be the best February since 2002.Note: There were 24 selling days in February, the same as last year. Show More Summary

Cleveland Fed’s Mester: Fed’s Focus is the Economy, Not Politics

The Federal Reserve and Chairwoman Janet Yellen make policy decisions based on economics and not politics, Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.

Is Competition to Attract Businesses Harmful?

At MoneyWatch: Is competition to attract businesses harmful?: State and local governments often use incentives such as tax cuts, rebates, promises of government services and the easing of regulatory restrictions to induce new or existing businesses to locate in their...

2:00PM Water Cooler 2/26/15

By Lambert Strether of Corrente. 2016 “The Clinton Foundation accepted millions of dollars from seven foreign governments during Hillary Rodham Clinton’s tenure as secretary of state, including one donation that violated its ethics agreement with the Obama administration” [WaPo]. Show More Summary

Right-to-Work Sweeps Midwest, Heads for Passage in Wisconsin

Right-to-Work legislation is sweeping the Midwest. It's one of many reforms needed to makes states more competitive, reduce cost pressures on infrastructure projects, and hold down the necessity of tax hikes.Today the Wisconsin Senate Passed 'Right to Work' Legislation.The proposal would let workers opt out of paying mandatory dues. Show More Summary

Coming Labor-Force Squeeze Could Push Up Wages, But Also Inequality

Stagnant wage growth and stubbornly high unemployment have plagued the U.S., Europe and other advanced economies in the wake of the global financial crisis. That may be about to change, says an International Labor Organization economist.

Bank of England’s Shafik Sees Rate Rise as Likely Next Move

Bank of England Deputy Governor Minouche Shafik said the central bank's next monetary policy move will likely be a gradual and limited rise in its benchmark interest rates.

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