Diane Swonk is chief economist at Mesirow Financial, and an advisor to the Federal Reserve Board and its regional banks. She grew up in the Detroit area, and pre-economist jobs included: maid, fast food cashier, and hostess/waitress for a Mr Steak. She is an avid runner, and mother of two teenagers. Her first book was titled "The Passionate Economist." In her words:
I am dyslexic, which means that I don't know my left from my right. I also don't think linear, my brain works more in reaction functions. It makes me strategic and perfectly suited to be an economist, which requires multi-dimensional thought. I am at good at seeing where we are going, and thinking outside of the box, but very bad at giving driving directions.
Features By Diane Swonk
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Weekly jobless claims fall slightly last week
Last week claims for unemployment were down, but just a bit, by about 3,000.
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Wholesale prices rise in August
The Federal Reserve wraps up its two day policy meeting today. It's expected to announce whether it will pump more stimulus money into the U.S. economy. Meanwhile, we just got inflation numbers for August. Wholesale prices increased 1.7 percent last month -- the biggest jump in three years.
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Tepid news in jobs, construction, retail
Today starts with some more tepid economic news. The number of people applying for unemployment benefits ticked up slightly to 366,000 last week.
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Mario Draghi maintains uncertainty surrounding Europe
In Frankfurt, the head of the European Central Bank Mario Draghi held a press conference. Everyone was waiting to see whether Draghi would announce new stimulus measures, after saying last week that he'd do whatever it takes to save the euro.
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Weekly unemployment dip due to auto industry
This morning the Labor Department reported the number of people applying for unemployment benefits fell by 26,000 last week to 350,000, the best number since March of 2008. Analysts point to the auto industry's seasonal production schedule as the source of the weekly dip.
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European crisis like a 'trainwreck in slow motion'
European leaders are gathering today for yet another summit to save the euro. Economist Diane Swonk says everyone is hoping Europe doesn't derail from the track onto recovery.
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Federal Reserve can only do so much
The Federal Reserve will continue its Operation Twist program, but it can't do much else to help the global economic downturn caused by financial strain in Europe. On the plus side? We get lower gas prices.
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May shows dismal employment numbers
The U.S. economy added less jobs than expected in May. At the same time, the number of workers filing for unemployment benefits rose, and the number of planned layoffs in hit an eight month high.
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Could the U.S. follow the U.K. into another recession?
The Federal Reserve has upgraded its forecast for the U.S. economy in 2012 but also downgraded its outlooks for 2013 and 2014. There are worries the U.S. could fall back into recession just like the U.K. did.
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How working at home factors into the economy
The number of Americans applying for unemployment benefits jumped last week by 13,000 to 380,000. But what about all those Americans working at home?
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