News
Market Watch | Draghi: ECB didn't discuss rate cut
European Central Bank President Mario Draghi on Thursday said the bank's Governing Council didn't discuss a rate cut at its policy meeting in Barcelona. Speaking at his monthly news conference, Draghi said policy makers still see monetary policy as "accommodative," with nominal interest rates historically low and real interest rates at negative levels over much of the euro area.
Econ Comments & Analysis
Econ Browser | Should the Fed do more?
Johns Hopkins University Professor Larry Ball, Princeton Professor Paul Krugman, U.C. Berkeley Professor Brad DeLong, University of Oregon Professor Tim Duy and Texas State University Professor David Beckworth are among those recently arguing that Fed Chairman Ben Bernanke is neglecting his own earlier academic insights into what the central bank should be doing in a situation such as the United States presently finds itself. Here's what I think they're overlooking.
Blogs
Minyanville | The Inflation Trade Is On: Bernanke Has Broken the Dollar Rally
Yesterday the US Dollar Index breached 78.65. The reason that is significant is because 78.65 marked the intraday low of the prior daily cycle. A penetration of that level indicates that the current daily cycle has now topped in a left translated manner and a new pattern of lower lows and lower highs has begun.
