Edward Hadas

For and against Ben Bernanke

January 26, 2010

By Edward Hadas and Richard Beales

It is easy to imagine a better candidate than Ben Bernanke to run the Federal Reserve. But actually finding one is another matter. The current chairman should get a second term, even though he does not unequivocally deserve it.

Monetary policy needs tightening

January 25, 2010

A new Great Depression has been avoided. Gargantuan efforts from governments and monetary authorities have limited the damage of the credit crunch to a bad recession. But the world’s political and business leaders can’t spend too much time on the ski slopes at the World Economic Forum in Davos, Switzerland this week. It’s time for them to build a consensus for higher interest rates

Recovery leaves too many big problems unsolved

January 4, 2010

ed hadas.jpgThe economic worst is past. But there are many issues left to worry about.

Start with the good news. GDP is now growing almost everywhere, while the unemployment rate is hardly rising anywhere. Businesses and consumers are less fearful. As much as half of the 20 percent decline in international trade has been erased.