News
WSJ | U.S. Firms Pose Hurdle for Yuan
China's effort to make the yuan a global reserve currency has hit a snag: Few U.S. firms are taking advantage of easier access.
Bloomberg | ECB Cuts Rates as Risk of Greek Euro Exit Grows
The European Central Bank unexpectedly cut interest rates at Mario Draghi’s first meeting in charge as the new ECB head signaled officials have no plans to help bail out cash-strapped nations facing an escalating debt crisis that threatens to splinter the euro region.
Econ Comments
Politico | Ben Bernanke defends Federal Reserve from attacks
Federal Reserve Chairman Ben Bernanke on Wednesday called the economic comeback “frustratingly slow” as he defended the country’s central bank from attacks from both the left and the right.
Blogs
WSJ: Real Time Economics | Parsing the Fed: How the Statement Changed
Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year.
WSJ: Real Time Economics | Fed to Savers: No Help Coming
Federal Reserve Chairman Ben Bernanke had a message for savers who stick to the safest instruments such as U.S. Treasury securities or insured bank accounts: get used to microscopic returns.
