James Pethokoukis

Fed’s Kohn: Economy showing signs of stabilization

May 24, 2009

Federal Reserve Vice Chairman Donald Kohn makes two big points in a speech today at Princeton: 1) Obama’s big spending won’t push up rates anytime soon; and 2) there will be no rush for the Fed to get constrictive:

Don’t dismiss big budget deficits

May 24, 2009

While I know it’s fashionable to laugh off the big budget deficits that the U.S. is running and to pooh-pooh the chances of an S&P debt downgrade, guess who doesn’t think it’s a big joke? The Congressional Budget Office. This, from the blog of CBO Director Doug Elmendorf: