More stress on the Fed’s exit tools
Now the Treasury Department has increased pressure on the Fed’s untested techniques for exiting stimulus measures, should the Fed perform trial runs, asks Krishna Guha of the Financial Times Read more
That spending cut leak…
Leaked Treasury documents show the UK Treasury is planning to cut departmental spending, contrary to Gordon Brown’s claims. It’s hugely politically embarassing, writes Chris Giles of the Financial Times, but all we’ve really learnt that is new is that the cuts will be a bit deeper than expected. Read more
Is the US now the home of the sclerotic labour market?
US workers have suffered far more job losses than their European counterparts in this recession even though output has fallen further in Europe. It raises the intriguing possibility that Europe is now home to more flexible labour markets, writes Chris Giles of the Financial Times Read more
If US retail sales figures were driven by auto sales, what will happen when the various cash-for-clunkers programs stop? The dollar may be the world’s new carry currency and global stimulus measures may be worsening future cycles Read more
The surprisingly good British labour market
The British labour market is behaving remarkably well during this recession with unemployment rising much slower than in the 1990s. A slowing increase of unemployment adds to the favourable outlook. Is this a flexible labour market in action, asks Chris Giles of the Financial Times. Read more
ECB phasing out, not exiting
A speech from Jürgen Stark suggests the ECB exit will be gradual, and underlines that there will be no co-ordinaton between the withdrawal of fiscal and monetary stimulus measures, writes Ralph Atkins of the Financial Times Read more
| About this blog | Blog guide |
Chris Giles has been the economics editor of the Financial Times since 2004. Based in London, he writes about international economic trends and the British economy. Before reporting economics for the Financial Times, he wrote editorials for the paper, reported for the BBC, worked as a regulator of the broadcasting industry and undertook research for the Institute for Fiscal Studies. RSS
Michael Steen, Frankfurt bureau chief, covers the ECB and the eurozone's economies. He joined the Financial Times in 2007 as Amsterdam correspondent and later worked as a front page news editor in London. Before joining the FT, he spent nine years as a correspondent at Reuters, mostly in foreign postings that included a previous stint in Frankfurt, as well as Moscow, Kiev and central Asia. He read German and Russian at Cambridge.RSS
Robin Harding is the FT's US economics editor, based in Washington. Prior to this, he was based in Tokyo, covering the Bank of Japan and Japan's technology sector, and in London as an economics leader writer. Robin studied economics at Cambridge and has a masters in economics from Hitotsubashi University, where he was a Monbusho scholar. Before joining the FT, Robin worked in asset management and banking. RSS
Ralph Atkins, capital markets editor, has been writing for the Financial Times for more than 20 years following an economics degree from Cambridge. From 2004 to 2012, Ralph was Frankfurt bureau chief, watching the European Central Bank and eurozone economies. He has also worked in Bonn, Berlin, Jerusalem and Brussels. RSS
Claire Jones is Money Supply economics team writer, based in London. Before joining the Financial Times, she was the editor of the Central Banking journal and CentralBanking.com. Claire studied philosophy and economics at the London School of Economics. RSS
