James Pethokoukis

Bill Clinton for Fed chairman

June 16, 2009

As long as we are politicizing the Federal Reserve and shredding its independence, why not Bill Clinton for Fed chairman? It’s not as loopy an idea as you might think. While the Fed chief has typically been an economist or banker, that’s not always true of central bankers in other countries. The former head of Iceland’s central bank, David Oddsson, previously served as that nation’s prime minister.

Obama stimulus vs. Fed stimulus update …

June 15, 2009

A stimulus update from my guy Dan Clifton, super-analyst at Strategas Research: “Through June 5th, about $46bn of stimulus spending and $10bn of tax cuts have been enacted (total $56bn) via President Obama’s $787bn stimulus package (7.1%).”

The timing of the Fed exit strategy

June 15, 2009

When will the Federal Reserve begin to execute its exit strategy? Well, as far as the interest rate component goes, keep an eye on the job market.  At least that is how economists John Ryding and Conrad DeQuadros see things:

Should Obama get credit for ending the recession?

June 3, 2009

Mustard seeds (or green shoots, if your prefer) are appearing everywhere, from credit markets to manufacturing to housing. And of course the 40 percent surge in the U.S. stock market since mid-March is hard to miss.

Bernanke vs. Bond Market Vigilantes

May 22, 2009

Relying on the Fed cannot be the sum total of an economic policy to increase economic growth. In fact, current Fed policy may well be saving the U.S. banking system, but it is hardly setting the stage for a robust economic recovery. Scott Grannis (Calafia Beach Pundit) notices the rise in 10-year yields (bold is mine):