News
CNN Money | Gas prices break 27-day rise
The nationwide average for gasoline prices eased Tuesday, marking the first decline after 27 straight days of increases, according to the motorist group AAA.
Bloomberg | China 4% Inflation Target Gives Scope for Relaxing Energy-Price Controls
China set a 2012 target for inflation that’s higher than economists’ forecasts, leaving room for fiscal and monetary stimulus and an easing of government controls on the cost of resources such as energy.
National Journal | Bill to Revamp Federal Reserve Expected on Thursday
Rep. Kevin Brady, R-Texas, plans to introduce a bill on Thursday that would dramatically reshape the Federal Reserve, offering a potential preview of future GOP efforts to reform the body.
Blogs
WSJ | Morgan Stanley Still Expects QE3 This Year
Morgan Stanley continues to think the Federal Reserve will provide more stimulus via bond buying this year, even as improving economic data have led many in the market to think the sun may be setting on that particular strategy.
Library of Economics | Timing the End of the Liquidity Crisis
What I want to ask is whether the financial-panic story has a sell-by date
Economist | Try overshooting for once
I felt that the move toward an explicit inflation target and the change in communications strategy recently adopted represented a step toward a more accommodative policy with room for a bit of catch up inflation
