News
Bloomberg | Draghi Scotches ECB Exit Talk as Spain Keeps Crisis Alive
European Central Bank President Mario Draghi quashed talk of an early exit from emergency stimulus measures as Spain struggled to borrow in financial markets, a reminder of the risk that the region’s debt crisis could flare again.
Econ Comments & Analysis
Project Syndicate | Fed Policy and Inflation Risk
During the past four years, the United States Federal Reserve has added enormous liquidity to the US commercial banking system, and thus to the American economy. Many observers worry that this liquidity will lead in the future to a rapid increase in the volume of bank credit, causing a brisk rise in the money supply – and of the subsequent rate of inflation.
Bloomberg | Fed Exploring Selling Maiden Lane III Assets From AIG Rescue
The Federal Reserve Bank of New York is considering selling assets in its Maiden Lane III LLC portfolio, which were assumed in the government bailout of American International Group Inc., the district bank said today.
Blogs
Reason Foundation | The Federal Reserve Signals No Further Easing…Until the Next Easing
Minutes for the latest Federal Open Market Committee (FOMC) meeting were released yesterday afternoon sending the stock market down and Treasury yields up largely due to the hawkish tone of the release.
WSJ | Big Banks See Fed Raising Rates in Third Quarter 2014
Wall Street’s biggest banks slightly pushed out their expectations for when the Federal Reserve will start raising interest rates, according to a survey the New York Fed conducted ahead of the central bank’s March meeting.
