News
CNN: Money | Fed's Bullard: Wait and see on QE3
Investors clamoring for another round of Federal Reserve bond buying need to root for a blue Christmas. That's according to St. Louis Fed President James Bullard, a self-described inflation hawk and influential member of the central bank.
Econ Comments
CNN: Money | Massachusetts sues big banks over foreclosures
The Massachusetts attorney general sued some of the nation's biggest banks on Thursday, accusing them of "unlawful and deceptive conduct in the foreclosure process."
WSJ | How to Save the Euro
The central bank should commit to buy the bonds of troubled member states that submit to genuine fiscal discipline.
Washington Post | Great news from the Fed! Wait, what did it do?
What the central banks did won’t accelerate the economic recovery, here or abroad. It won’t resolve Europe’s deepening debt crisis.
AEI | The Fed gives its elastic currency mandate a stretch
There can be little doubt that financial stability issues have risen to the top of the agenda for the major central banks.
Forbes | Returning To The Basics: What Is Money?
Ideally, today’s troubles will lead to a new monetary system, preferably a gold standard system. However, that would be difficult if nobody knows what money actually is.
Blogs
WSJ: Real Time Economics | Fed Officials Don’t See Central Bank Cutting Discount Rate
Two Federal Reserve officials shot down speculation that the central bank might cut the interest rate it charges on loans to banks from its discount window.
