News
Market Watch | Bernanke’s successors may want to think twice about job
After watching how Texas Governor Rick Perry talked about Bernanke on the campaign trail last week, many of future candidates to succeed the Fed chairman may think twice, said Professor Mark Gertler, a colleague of Bernanke’s who has co-written academic papers with him.
CNBC | Fed's Bullard Says FOMC to Act If Economy Sags
St. Louis Fed President James Bullard said he would support action if that occurred. "If the economy weakens substantially, and especially if the inflation picture starts to deteriorate so that deflation becomes a risk again, then I think the committee would definitely take action," Bullard told the Nikkei.
Econ Comments
Financial Times | A bigger, bolder fund can stop the next crash
Unusual problems require unconventional solutions. The world’s financial system is threatened by a new crisis that could be even worse than that of 2008. To counter this, the International Monetary Fund should establish a new “debt facility” to help indebted countries work out their finances.
CNN: Money | Let's be realistic about what the Fed can do for the economy
Keeping interest rates near zero doesn't help much if people are too spooked to spend. A more radical solution may be in order.
