News
CNN Money | Fed proposal would boost bank safety cushions
The Federal Reserve on Thursday proposed tough new rules to require banks to hold even more in reserves as a capital buffer to better withstand future financial crises.
Bloomberg | Steepest Global Slide Since Recession Pushes Rate Cuts
Monetary-policy makers from around the world are being pressed into action to shore up a global economy that is suffering its steepest slowdown since the recession ended in 2009.
Market Watch | Fed ready to act if stresses mount: Bernanke
The Federal Reserve stands ready to act to protect the financial system and the economy in the event that stresses from the European crisis escalate, Fed Chairman Ben Bernanke said Thursday.
USA Today | Bernanke says Fed ready to do more, but nothing imminent
Federal Reserve Chairman Ben Bernanke told Congress Thursday that he expects the economy to grow moderately this year despite last week's disappointing report on May job growth.
WSJ | Bank Sees Stronger Euro After Greece, Others Exit
The crisis in the euro zone will likely force some countries to "bite the bullet" and leave the euro while a stronger core of central European countries will continue to use the currency, said the global head of the Bank of Nova Scotia's foreign exchange business.
Econ Comments & Analysis
Smart Money | Why Everyone Still Wants Dollars
We all know why the dollar has just had its best month for the year. As any pundit will tell you, talk of a euro-zone breakup is driving nervous investors into the "safety" and "liquidity" of the world's dominant reserve and commercial currency.
Blogs
WSJ | Bernanke Keeps Options Open
Asked whether the Fed is planning more action to boost growth, Mr. Bernanke say he and his colleagues “are still working” on that question ahead of its June 19-20 meeting.
WSJ | Congressman to Bernanke: Take QE3 Off the Table
Rep. Kevin Brady (R., Texas), warned Federal Reserve Chairman Ben Bernanke not to authorize a third round of quantitative easing, saying the central bank had already done “too much” and could be fueling future inflation.
Minyanville | Is the Fed Losing Control of the Dollar?
So here we are again, trying to weigh the significance of the US economic slowdown as it pertains to the upcoming Federal Reserve rate meeting on June 19-20 and ongoing Fed policy action.
WSJ | DeMint Says Bernanke Giving Congress ‘False Sense of Security’
Echoing a concern of Tea Party supporters, Sen. Jim DeMint (R., S.C.) said the Federal Reserve’s policy of buying up U.S. government debt is giving Congress a “false sense of security” by keeping interest rates and government borrowing costs low.
