News
Bloomberg | Fed Nears Adoption of Inflation Target
Federal Reserve officials are nearing agreement on adopting an inflation goal as Chairman Ben S. Bernanke extends his push for improving transparency and communications with the public.
CNBC | Fed Will Be Forced to Ease Again Soon: Morgan Stanley
Morgan Stanley is predicting that the economy will slow dramatically in early 2012, which it thinks will prompt another round of Fed asset purchases.
Blogs
Econlog | Worth Reading
It seems as though we were better off before the Fed, the FDIC, and the IMF.
Atlantic: Megan McArdle | What Happened to the ECB's Heroic Intervention?
Central banks have a pretty dim record defending their currencies from devaluation pressures. Now we have a new question: can they defend the sovereign debt that's issued in that currency?
Coordination Problem | Central Banking and Knowledge Problems
Whether we “blame” central bankers or not is really a secondary consideration to our attempts to understand what happened and why. By assigning blame we suggest that the Fed should have done better.
