Is the Fed risking a recession?
To understand what the Fed is up to, we need to look at its underlying model of inflation and how interest rate increases fit into that story.
Louis D. Johnston
Louis Johnston writes Macro, Micro, Minnesota for MinnPost, reporting on economic developments in the news and what those developments mean to Minnesota. He is Professor of Economics at College of Saint Benedict | Saint John’s University.
An overlooked piece of good economic news: Minnesota incomes are rising
Minnesotans were earning more from employment and investments, and less from sources like unemployment.
The Fed is meeting to decide on interest rates. Here’s why they should ignore inflation fears.
Jobs are growing and businesses are booming. Why throw a wrench into that?
Canadian railroad sequel: What the failure of Canadian Pacific’s Kansas City Southern bid means for the future of Minnesota freight rail
For one thing, the state may see a lot more freight traffic.
How Minnesota companies contributed to — and benefited from — America’s push to go to the moon
Sixty years ago today, President John F. Kennedy challenged Americans to go to the moon.
How Totino’s secured Minnesota’s slice of the frozen pizza market
At a time when frozen pizzas were starting to appear in grocery stores around the country, the Totinos thought they could differentiate their pizza with a superior tomato sauce along with higher quality meats and cheeses.
With the Canadian Pacific-Kansas City Southern railroad merger, a long chapter of Minnesota economic history comes to a close
The U.S. headquarters of the Canadian Pacific has been in Minneapolis for 120 years, after a merger with the locally grown Soo Line.
75 years after its passage, the Employment Act still shapes federal economic policy
Two Minnesotans, economist Walter Heller and Sen. Hubert Humphrey, helped determine the way the law is applied today.
What’s up with unemployment in Minnesota? The view from the May numbers
In May, Minnesota’s unemployment rate rose from 8.7 percent of the labor force to 9.9 percent of the labor force. Let’s look at what that means.
Rebuilding Lake Street: Lessons from Plymouth Avenue in 1967
After much of Plymouth Avenue was destroyed by an uprising in 1967, one Minnesota corporation committed to investing in north Minneapolis.
For unemployment during the COVID-19 pandemic, Minnesota is below average
With its diversified economy, Minnesota’s economy has once again proven to be more resilient in the face of recession than the national economy as a whole.
What ‘Econ 101’ arguments misunderstand about taxes
Yes, it’s possible to oppose Trump’s tariffs and support raising Minnesota’s gas tax.
Paper, plastic, neither, both? Assessing a grocery-bag fee in Minneapolis
A grocery bag fee probably would reduce their use — but that has some side effects.
Vice President Pence is in Minnesota Thursday to promote the administration’s income redistribution policies. (He might not frame it that way.)
Talking tariffs.
Deaths of despair hit home
Mental illness doesn’t discriminate. It afflicts every group, regardless of education, race, gender, or region.
1973: The year Minnesota became above average (and stayed there)
Minnesota grew faster than the national average during the 1950s and 1960s and passed the national average in per-person income in 1973, when Gov. Wendell Anderson appeared on TIME’s cover.
The U.S. economy has changed a lot over the last two centuries. The contribution immigrants make to it hasn’t
Current political debates about immigration rarely place the issues at hand into a broader, historical context.
Low soybean prices are bad for Minnesota’s soybean farmers. But that doesn’t mean they’re bad for Minnesota’s economy overall
Trade policy will always create winners and losers. The key is to mitigate the harms to the losers.
President Trump went on a media tour boasting about the economic effects of his tax cut. If only the real data backed him up
Trump and economic adviser Larry Kudlow want to draw us over to Bizarro World.
