HOUSTON (Reuters) - A slowdown in U.S. inflation was benign and could "unleash" consumer spending, Dallas Federal Reserve Bank President Richard Fisher said on Thursday, adding that he was not worried about the risk of deflation. Full story
WASHINGTON (Reuters) - With the U.S. inflation rate about half of the Federal Reserve's 2.0 percent target, the central bank is facing a major test and some experts wonder whether it will eventually need to ramp up its already aggressive bond buying program. Full story
The political implications for supporting changes to Social Security could be steep. "If people choose to go against what the vast majority in their districts, in their states believe – then they have to pay a price,” Senator Sanders said on Jansing & Co. Full story
President Obama’s budget plan includes a proposal to implement “chained CPI.” Melissa Harris-Perry’s table talks about the plan and the resistance from within the President's own party as progressives launch an organized campaign against the proposal.
Congressman Jerry Nadler of New York, author Mark Blyth, Center for American Progress’ Neera Tanden, and former New York Governor Eliot Spitzer join Up host Steve Kornacki to talk about whether President Obama’s “chained CPI” proposal is a political ploy or whether he genuinely believes in so-called
Democratic Congressman from New York Jerry Nadler, Mattie Duppler from Americans for Tax Reform, Neera Tanden of the Center for American Progress, and tax journalist David Cay Johnston discuss the politics of “chained CPI” and how changing demographics are impacting social security.
Rep. Keith Ellison, a Minnesota Democrat who co-chairs the Congressional Progressive Caucus, dismisses what he has already called an “unwise and unworkable” budget from President Obama that makes cuts to social security.
