'Modern Monetary Theory' may be Democrats' economic cure, but only Trump seems to have got the memo
From her home overlooking Setauket Harbor on Long Island's North Shore, a motorboat bobbing at the dock, Stephanie Kelton hopes to revolutionize how the U.S. government manages the economy. It isn't always a pleasant task. A key figure in the "Modern Monetary Theory" economic camp, her ...
Former U.S. finance chief Summers welcomes BOJ's yield curve, inflation targets
The Bank of Japan's decision to target the yield curve and allow consumer prices to overshoot its 2 percent goal are welcome steps in the nation's long battle to encourage inflation, former U.S. Treasury Secretary Lawrence Summers has said. Targeting the yield curve will keep ...
Allies wage behind-the-scenes effort in Fed job push
Lawrence Summers, one of the top candidates to lead the U.S. Federal Reserve, was being beaten up, and his friends from his White House years wanted to help him. So earlier this month, recently departed Treasury Secretary Timothy Geithner and other former officials in the ...
It's strange how, in the first half of the year, humans beat robots in the dark art of interpreting the gnomic utterances of the U.S. Federal Reserve chairman.
