News
The Telegraph | US backing for world currency stuns markets
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
CNN Money | Dollar hits all-time low against yen
The dollar fell as low as 76.54 against the yen in late trading Wednesday, dipping under the previous all-time low of 79.75 set in April 1995.
Fox News | Higher prices for food are about to get worse
Food prices at the wholesale level rose last month by the most in 36 years. Cold weather accounted for most of it, forcing stores and restaurants to pay more for green peppers, lettuce and other vegetables, but meat and dairy prices surged, too.
NYT | European Central Bank Appears Firm on Interest Rate Increase
This month, the European Central Bank all but promised a rate increase when its governing council meets on April 7. There is no sign, however, that the earthquake in Japan and its aftermath have dissuaded policy makers from their view that rates must rise to pre-empt inflation.
Blogs
The American | How the Fed Should Operate in Treacherous Waters
Federal Reserve Chairman Ben Bernanke would be wise to learn from the Titanic and slow his second experiment with quantitative easing, the expansion of the central bank’s balance sheet known as QE2.
WSJ: Real Time Economics | Q&A: Eichengreen on the End of Dollar Dominance
Is this a good thing for the U.S. if the dollar’s role in the world economy shrinks relative to Europe and China?
