Monthly Archives: November 2017

Montreal elects environmentalist and left of centre Valerie Plante as its next mayor

Posted on November 6, 2017 by haroldchorneyeconomist

Montreal where I have lived ever since 1982 when I moved here from Toronto has once again turned to the left and to bicycle riding environmentalists and community activists for its new mayor and governing party. The election turnout was … Continue reading →

Posted in Canada, Montreal politics, Québec, Uncategorized | Tagged | Leave a comment

President Trump selects Jerome Powell as new Fed chair replacing Janet Yellen

Posted on November 3, 2017 by haroldchorneyeconomist

In what may well turn out to be a controversial decision President Trump has broken with precedent and decided not to reappoint Janet Yellen to a second term as Fed chair despite praising her for her excellent work as chair. … Continue reading →

Posted in Federal Reserve, full employment, Keynesian policy, quantitative easing, U.S., urban culture | Leave a comment

Fed and Bank of Canada hold back on rate rises: Stimulus continues Smart decisions

Posted on November 1, 2017 by haroldchorneyeconomist

Recently both the Federal Reserve  and the Bank of Canada made smart decisions not to increase rates despite pressure from some less well informed quarters that they should do so as believers in the NAIRU rate are still convinced that … Continue reading →

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