News
WSJ | Bernanke Questioned On Fed's New Policies
It is becoming a regular ritual for Federal Reserve Chairman Ben Bernanke: Announce new policies and get grilled about them by congressional lawmakers.
CNN Money | Kiss QE3 hopes goodbye. And good riddance!
The Federal Reserve is still exercising caution when discussing the U.S. economy. Last week, it even suggested that it may need to keep short-term interest rates near zero until the end of 2014.
Econ Comments & Analysis
Bloomberg | Bernanke Won’t Tolerate Inflation to Boost Jobs
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s newly established price goal and rejected suggestions he was prepared to allow higher inflation to create jobs.
CATO | The Federal Reserve's Crony Capitalism
By keeping the federal funds rate close to zero for three more years, and switching from shorter to longer-term securities, the Fed hopes to spur investment and growth. The problem is that manipulating interest rates and allocating credit to favored parties fosters crony capitalism, not market liberalism.
