Daily Archives: November 9, 2009

Krishna Guha

I ran an interview with St Louis Fed president Jim Bullard in today’s FT. Here are a few of my takeaways from that discussion, in no particular order.

1. Bullard has an above-consensus forecast for growth in 2010 and sees unemployment as likely to come down by roughly a point and a half from its peak over the rest of the year - putting it in the 8.5 per cent to 9 per cent range at year end.

2. He thinks the Fed should wait for solid monthly job gains and a decline in the unemployment rate before starting to tighten policy – but that it need not wait for unemployment forecasts to converge to their natural rate. 

More good news for China, Russia and India and more warnings for the US, UK and EU. George Soros asks if the new communist/capitalist divide has been replaced by a polarisation between international capitalism and state capitalism. 

Economics news headlines from around the web 

Summary of economics headlines from the FT