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The Capital Note -- Inflation, Interest Rates, and Janet Yellen


(Joshua Roberts/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Yellen says something (and then unsays it), Joe Biden, Peronist, Biden and Brussels against Ireland, and Richard Nixon and Arthur Burns. To sign up for the Capital Note, follow this link.
Yellen’ Fire
No, that’s not what really what Treasury Secretary Yellen did on Tuesday, but sometimes the lure of a bad pun is too hard to resist.
CNBC had a more sober assessment:
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. ....

New York , United States , United Kingdom , County Mayo , Bruxelles Capitale , Long Island , John Kermaj , Benjamin Tuttle , Donald Trump , John Cochrane , Kathy Bostjancic , Warren Buffett , Arthur Burns , Joe Biden , Joseph Biden , David Lynch , Berkshire Hathaway , Mauricio Macri , Cristina Kirchner , Yeganeh Torbati , Danielj Smith , Janet Yellen , Blackrock Rick Rieder , Alan Greenspan , Peterj Boettke , Kevin Hassett ,

Inflation, Interest Rates, and Janet Yellen


Inflation, Interest Rates, and Janet Yellen
Andrew Stuttaford
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Yellen says something (and then unsays it), Joe Biden, Peronist, Biden and Brussels against Ireland, and Richard Nixon and Arthur Burns. To sign up for the Capital Note, follow this link.
Yellen’ Fire
No, that’s not what really what Treasury secretary Yellen did on Tuesday, but sometimes the lure of a bad pun is too hard to resist.
CNBC had a more sober assessment:
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. ....

New York , United States , United Kingdom , County Mayo , Bruxelles Capitale , Long Island , John Kermaj , Benjamin Tuttle , Donald Trump , John Cochrane , Kathy Bostjancic , Warren Buffett , Arthur Burns , Joe Biden , Joseph Biden , David Lynch , Berkshire Hathaway , Mauricio Macri , Cristina Kirchner , Janet Yellen , Danielj Smith , Yeganeh Torbati , Blackrock Rick Rieder , Alan Greenspan , Peterj Boettke , Kevin Hassett ,

How the pandemic led to a rental car crisis just as Americans are ready to bust loose


How the pandemic led to a rental car crisis just as Americans are ready to bust loose
David J. Lynch, Yeganeh Torbati
© Joe Raedle/Getty Images
People wait in line at the Dollar car-rental agency at Miami International Airport on April 12. Customers are finding that agencies have limited or no vehicles available as people begin traveling again.
Avis Budget Group’s stock price closed at an all-time high on Friday, a sign that rental car companies’ fleet-shrinking strategies are paying off financially even as they leave consumers fuming.
Popular Searches
Major rental car operators last year sold off more than 770,000 cars as the pandemic crushed demand and kept Americans home, according to Jefferies Group, an investment bank. More than 1 of every 3 rental cars that were in service before the pandemic are no longer available. ....

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