{"id":687,"date":"2011-04-23T15:13:25","date_gmt":"2011-04-23T06:13:25","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=687"},"modified":"2011-04-23T15:13:25","modified_gmt":"2011-04-23T06:13:25","slug":"wall-street-journal-april-21-2","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=687","title":{"rendered":"Wall Street Journal (April 21)"},"content":{"rendered":"<p>The Journal argues that the Federal Reserve should act more as a global central bank. \u201cThe dollar is the world&#8217;s reserve currency\u2026. Yet for at least a decade, and especially since late 2008, the Fed has operated as if its only concern is the U.S. domestic economy.\u201d The result has swamped countries trying to battle inflation with huge capital inflows. Domestic repercussions will also emerge. The Fed has single-mindedly expanded the money supply to stimulate the economy. \u201cThe bill is coming due in a weak dollar, food and energy inflation, and the decline of U.S. economic credibility.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Journal argues that the Federal Reserve should act more as a global central bank. \u201cThe dollar is the world&#8217;s reserve currency\u2026. Yet for at least a decade, and especially since late 2008, the Fed has operated as if its only concern is the U.S. domestic economy.\u201d The result has swamped countries trying to battle [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13,214,53,631,8],"class_list":["post-687","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-economy","tag-fed","tag-inflation","tag-reserve-currency","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=687"}],"version-history":[{"count":0,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/687\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}