News
Bloomberg | Bernanke Makes Case for More Bond Buying
The Federal Open Market Committee “recognizes the hardships imposed by high and persistent unemployment in an underperforming economy, and it is prepared to provide further monetary accommodation,” Bernanke said yesterday at a press conference in Washington.
Econ Comments & Analysis
WSJ | Ron Paul, the Fed and the Need for a Stable Dollar
On Wednesday the Federal Reserve shared its thoughts on the course of interest rates—but not on the implications for the value of the dollar. The two can't be disconnected.
Blogs
WSJ | The Lone Dissenter: Richmond Fed’s Lacker
Jeffrey Lacker came back with a bang. The president of the Federal Reserve Bank of Richmond today rejoined the Federal Open Market Committee‘s regular voting rotation for the first time since 2009. And he used the opportunity to dissent in the Fed’s 9-1 decision on interest-rate policy.
Calculated Risk | Bernanke paves the way for Q3
Although the FOMC might still wait until one of the two day meetings in April or June, the likelihood of QE3 being announced at the March 13th meeting has increased significantly.
WSJ | Fed Officials Detail Rate Projections
The Federal Reserve on Wednesday, in its first release of interest-rate projections by Fed officials, suggested interest rates could stay near zero for longer than previously indicated, a move that could aid the U.S. economy’s slow path to recovery.
