Federal Reserve considers explicit pledge: Low rates if inflation stays down

http://www.washingtonpost.com/business/economy/federal-reserve-considers-explicit-pledge-low-rates-if-inflation-stays-down/2013/09/23/9207e1a6-220e-11e3-966c-9c4293c47ebe_story.html

The Federal Reserve is pledging to keep interest rates low as long as the economy and inflation rates don't go up.  They do not want to stop a recovery early.  They want to give it a chance.  The magic number for them is 2.5%.  That is what they believe will signal a robust and improving economy. 

I think that it is a very good thing that they are trying to make sure that they wont stop the economic recovery.  They messed up a couple of times with their attempts to fix problems.  However, I don't think that they should publicly be making promises.  They did that once already during this recovery and it caused a downturn because the failed to come through with what they said they would do.  Another downturn is exactly what the economy does not need. 
The fed needs to stop attempting to control the economy.  It is something that cannot really be controlled.  By that same token, people need to stop reacting to Federal Reserve decisions.  Due to the fact that they themselves have control over the economy, they need to stop freaking out over little things.  The federal reserves actions have in reality very little to do with actual concrete business. 

Some Good and Bad News About Your Paycheck

http://www.usnews.com/news/articles/2013/05/16/some-good-and-bad-news-about-your-paycheck



Paychecks are getting larger and larger in the sectors that require skilled labor.  However, due to inflation, the adjusted rates are still lower than they were in 2008.  Originally in 2008 deflation pushed the "real dollar" value of peoples money down. 

While it is nice to see that people are starting to make more money than they were a few years ago, once again is upsetting to realize that they still are not making as much as they could be because of inflation.  This is a problem because people are having to stretch their money farther and farther to pay for the same things.  It means that they have to work much harder.