Kristin Forbes, a former White House adviser who’s set to join the Bank of England’s rate-setting committee, may give clues today about her leanings as officials move toward the first policy tightening in seven years.
It’s been quite a show since Elon Musk arrived in Washington, picking fights with competitors, suing the world’s most expensive military and jumping into a U.S.-Russia dispute that may risk international space cooperation.
Kristin Forbes, a professor at the Massachusetts Institute of Technology and a former White House adviser, will join the Bank of England’s Monetary Policy Committee, the latest hire in a shakeup of the panel.
The Federal Reserve would be required to have a “systematic” rule for adjusting interest rates under a proposal raised today by Stanford University Professor John Taylor, a critic of the Fed’s monetary stimulus.
The reason Hu Jintao decided to visit the U.S. this month is that the Chinese leader wants to know when the U.S. economy and its currency will be stable and strong again. It’s good the Chinese are known for patience because Hu may have to wait a while.