Back to Clive Crook's blog homepageI attended the Cato Institute’s annual monetary conference. The Fed’s vice-chairman, Don Kohn, gave the keynote address, and used it to emphasise that the central bank would not let the economy fall into a deflationary spiral (speech; Krishna Guha’s report). The BLS released inflation figures for October, showing a seasonally adjusted drop in the CPI of 1 percent, the biggest since 1947. Even core inflation was negative last month. Stockmarkets crashed again. I suppose Cato should be congratulated on its timing.
I have been the FT's Washington columnist since April 2007. I moved from Britain to the US in 2005 to write for the Atlantic Monthly and the National Journal after 20 years working at the Economist, most recently as deputy editor. I write mainly about the intersection of politics and economics.
