Duy on the Fed as Bullard Refuses to Forecast

from Boom Bust

lass=”” >A strike looms at Atlantic City casinos, with workers prepared to walk out due to low wages. And Microsoft getting into the marijuana business. Ameera David has details. Then, RT correspondent Polly Boiko reports on stories suggesting migrants have been sneaking into the UK across the English Channel by boat from France. Afterwards, RT correspondent Ashlee Banks details how the Philadelphia city council passed a 1.5 cents-per-ounce tax on soda-making, making Philadelphia the second city in the U.S. to approve such a measure, behind Berkeley, California.

After the break, Ameera David talks to Tim Duy, professor of practice at the University of Oregon, about the Fed’s dilemma on raising rates in a situation in which the economy shows some weakness and inflation and inflation expectations are falling. And in the Big Deal, Edward Harrison and Ameera discuss St. Louis President Bullard’s new way of looking at monetary policy and why this has him refusing to make any long-term forecasts.

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