News
WSJ | Powell Sworn In As Member of Fed Board
Jerome Powell was sworn in Friday as a member of the Federal Reserve's Board of Governors, the central bank said in a statement.
Bloomberg | Dollar Scarce as Top-Quality Assets Shrink 42%
The dollar is proving scarce, even after the Federal Reserve flooded the financial system with an extra $2.3 trillion, as the amount of the highest-quality assets available worldwide shrinks.
Econ Comments & Analysis
WSJ | Seeing Is Not Believing at Today's Fed
Federal Reserve Chairman Ben Bernanke's new policy of openness has much to recommend it, in that it gives the markets information about current and future monetary policy that removes some of the guesswork of years past. But now that traders and investors have better insights into the thinking of Fed policy makers, they don't seem to be acting on that knowledge. Seeing is not believing, apparently.
