"Inflation will unwind even if the Fed is not raising rates a lot. There is still ... savings being spent down. The Fed needs to be patient."
"The financial independence and security of families lie at the heart of a functioning democracy."
"The lack of reliable official statistics is a reason that economists haven't tried to quantify the effects of credit policies."
The 1973 paper by Fischer Black and Myron Scholes provided the first widely-used model for calculating the theoretical value of options.
"There is little direct causal evidence on the relationship between transparency and trust in the cross-section."
Profs. Robert Merton and Simon Johnson join PBS economics correspondent Paul Solman to discuss interest rates and investing.
Senior lecturer Bob Pozen presented [Mario] Draghi with the Miriam Pozen Prize.
"The concern is that the interests of politicians and the interests of the economy result in contrasting outcomes."
"The key word in the press conference was recalibrate. The federal funds rate was too tight given current conditions."
