News
Bloomberg | Fed Said to Criticize Banks on Risk Models in Stress Test
The Federal Reserve criticized how some of the 19 largest U.S. banks calculated potential losses and planned dividends in this year’s stress tests, people with knowledge of the process said.
CNBC | Fed Hawk and Dove Agree: No More Easing
Two top Federal Reserve officials — one with a dovish, employment-focused bent, and the other a self-avowed inflation hawk — on Monday both said they see no need for the U.S. central bank to ease monetary policy any further.
Econ Comments & Analysis
Bloomberg | Krugman Says Fed ‘Reckless’ to Allow High Jobless Rate
Nobel Prize-winning economist Paul Krugman suggested Federal Reserve policy makers led by Ben S. Bernanke are “reckless” for refusing to pursue higher inflation, which he said could lower U.S. unemployment.
