Higher Rock Education - Economics Blog

Jerome Powell - Who Is He? What Can We Expect?

Thursday, November 30, 2017

President Trump nominated Jerome Powell as the next Chairman of the Federal Reserve on November 2nd. On Tuesday he testified before the Senate Banking Commission. It is very likely he will be confirmed by the Senate and replace Janet Yellen in February. Who is Mr. Powell? Why did President Trump choose him? Will his leadership change recent monetary policy? What challenges will he face? More

Why Very Low Unemployment Has Not Been Inflationary

Thursday, November 09, 2017

Review our past State of the Economy blogs and you will find a consistent message. Low unemployment should put upward pressure on the price level. It hasn’t. This morning I read this explanation in the Wall Street Journal. I think the blog explains the Federal Reserve’s dilemma and why the improvement in employment has not increased inflation yet. Note it More

State of the Economy - September 2017

Wednesday, October 25, 2017

The economy remains strong. Unemployment and inflation remain low, while wages are increasing. The economy entered the third quarter growing at 3.1%. Hurricanes Harvey and Irma have probably lowered growth in the third quarter by lowering retail sales, shutting down manufacturing plants, and slowing homebuilding and home sales. However, the economy is expected to regain its momentum in the fourth quarter when communities rebuild. This should add pressure to wages and prices. More

Sunderland England - Adapting to the Economy

Thursday, October 19, 2017

What is the “raison d’être” of your home town? It probably relates to its economy. I love economic history, particularly for small towns. How much has the economic history of your community affected your life. I bet the influence is significant. Cities change. They thrive if they take advantage of economic trends, but suffer when they fail to adapt. Our British contributor writes of how the economy has affected her town, Sunderland England. More

© 2018 Higher Rock Education and Learning, Inc. All rights reserved. No portion of this site may be copied or distributed by any means, including electronic distribution without the express written consent of Higher Rock Education and Learning, Inc.