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Fed Chair Powell: Economic Outlook "Uncertainty"

Calculated Risk

From Fed Chair Powell: Economic Outlook Despite elevated levels of uncertainty, the U.S. Recent Economic Data Economic growth The economy has been growing at a solid pace. Further, recent surveys of households and businesses point to heightened uncertainty about the economic outlook. GDP expanded at a 2.3

Economics 162
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Podcast links: harsh economic truths

Abnormal Returns

bloomberg.com) Economy Derek Thompson talks 'harsh economic truths' with Chicago Fed President Austan Goolsbee. joincolossus.com) Communication Christine Benz and Amy Arnott talk with Charles Duhigg author of "Supercommunicators: How to Unlock the Secret Language of Connection."

Economics 261
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FOMC Minutes "Purposefully moving to a restrictive policy stance in the near term"

Calculated Risk

Participants noted that the Committee's commitment to restoring price stability, together with its purposeful policy actions and communications, had contributed to a notable tightening of financial conditions over the past year that would likely help reduce inflation pressures by restraining aggregate demand. emphasis added

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Tuesday links: controlling what you can control

Abnormal Returns

disciplinefunds.com) The economic tables have turned as Greece, Spain and Portugal outperform. abnormalreturns.com) Adviser links: communication skills. (biopharmadive.com) CEOs Corporate execs get a good deal when they fly on their corporate jets. wsj.com) This CEO is taking advantage of his company discount.

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FOMC Minutes: Staff Predicts Mild Recession; Additional Increases in Fed Funds Rate "Appropriate"

Calculated Risk

Excerpt: The economic forecast prepared by the staff for the June FOMC meeting continued to assume that the effects of the expected further tightening in bank credit conditions, amid already tight financial conditions, would lead to a mild recession starting later this year , followed by a moderately paced recovery. emphasis added

Economics 305
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10 Monday AM Reads

The Big Picture

Economic Innovation Group ). • 100 Tips for a Better Life : You can improve your communication skills with practice much more effectively than you can improve your intelligence with practice. If you’re not that smart but can communicate ideas clearly, you have a great advantage over everybody who can’t communicate clearly.

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Friday links: your single most valuable asset

Abnormal Returns

semafor.com) This year's Nobel Prize winners in Economics did not come with universal acclaim. abnormalreturns.com) Longform links: facilitating communication. (econbrowser.com) Why neither candidate is talking about the deficit. vox.com) Earlier on Abnormal Returns Podcast links: crime and disorder.

Assets 278