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 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.
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.
Minnesotans were earning more from employment and investments, and less from sources like unemployment.
Jobs are growing and businesses are booming. Why throw a wrench into that?
Don’t panic.
For one thing, the state may see a lot more freight traffic.
Sixty years ago today, President John F. Kennedy challenged Americans to go to the moon.
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.
The U.S. headquarters of the Canadian Pacific has been in Minneapolis for 120 years, after a merger with the locally grown Soo Line.
Two Minnesotans, economist Walter Heller and Sen. Hubert Humphrey, helped determine the way the law is applied today.
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.
After much of Plymouth Avenue was destroyed by an uprising in 1967, one Minnesota corporation committed to investing in north Minneapolis.
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.
Yes, it’s possible to oppose Trump’s tariffs and support raising Minnesota’s gas tax.
A grocery bag fee probably would reduce their use — but that has some side effects.
Talking tariffs.
Mental illness doesn’t discriminate. It afflicts every group, regardless of education, race, gender, or region.
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.
Current political debates about immigration rarely place the issues at hand into a broader, historical context.
Trade policy will always create winners and losers. The key is to mitigate the harms to the losers.
Trump and economic adviser Larry Kudlow want to draw us over to Bizarro World.
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By Louis D. Johnston | Columnist
July 3, 2018