News
USA Today | Major plan to save euro will have to wait for heads of state
Under pressure to deliver shock treatment to the ailing euro, European finance ministers failed to come up with a plan for European countries to spend within their means.
Bloomberg | Fed Lowers Interest Rate on Dollar Swaps
The Federal Reserve cut the cost of emergency dollar funding for European banks as part of a globally coordinated central-bank response to the continent’s sovereign-debt crisis.
Econ Comments
Washington Times | GULLASON: Mixing fiscal and monetary policies
Routing maturing Treasuries to reduce state sales taxes could jump-start jobs.
Market Watch | Fed's Yellen sees room for more easing
There is room for the Federal Reserve to do more to foster a stronger economic recovery, said Federal Reserve Vice Chairman Janet Yellen on Tuesday. "The scope remains to provide additional accommodation," Yellen said in a speech at a conference sponsored by the San Francisco Fed.
Blogs
WSJ: Real Time Economics | Fed’s Lockhart Skeptical New Asset Buying Would Help
Expanding the Federal Reserve balance sheet via new purchases of bonds isn’t the tonic the economy needs right now, even as European financial woes threaten the outlook for the U.S., a central bank official said Tuesday.
