News
Washignton Times | Bernanke: Bond buys an option if economy sours
Federal Reserve Chairman Ben S. Bernanke said Wednesday that the Fed is open to another round of bond purchases to lower long-term interest rates and boost growth if the job market doesn’t improve.
Bloomberg | Bernanke Signals More Easing Likely if Job Growth Wanes
Chairman Ben S. Bernanke is signaling the Federal Reserve will probably add to its record stimulus should the economy fail to make sufficient progress in creating jobs for 12.7 million unemployed Americans.
Politico | Fed: $267B more to Operation Twist
The Federal Reserve announced Wednesday it is committing $267 billion for continuing Operation Twist, the central bank’s program to keep long-term interest rates low and stimulate the economy.
Econ Comments & Analysis
WSJ | Twist and Pout
In addition to the tax cliff facing the economy in January, you can now add a monetary ledge. The Federal Reserve added that extra uncertainty by announcing Wednesday that it will extend its Operation Twist bond swap program by another $267 billion and through the end of the year.
NY Post | Fed up with Bernanke
I know Ben Bernanke isn’t stupid — so I don’t know why he is acting like a fool. The Federal Reserve chairman yesterday said — again — that he would extend a program aimed at keeping long-term interest rates low.
Smart Money | Kiss the Euro Goodbye
Don't be fooled by a rallying stock market, where blind hope that a dollar-deluging Federal Reserve will come to its rescue has trumped fundamental analysis these past two days.
CATO | It's the Money Supply, Stupid
One doesn't have to delve deeply into the mysteries of money to realize that money matters. But, you wouldn't know it from reading the deluge of polemics on whether a fiscal stimulus is, or is not, the proper prescription for most of the world's economies.
Blogs
WSJ | Parsing the Fed: How the Statement Changed
The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take.
Economist | The limits of the unconventional
In an era when the word "policy" is usually closely followed by "paralysis", it's of some comfort that at least one organization is willing and able to move when circumstances require.
Calculated Risk | Bernanke Paves the Way for QE3 on August 1st
At the January press conference, Fed Chairman Ben Bernanke hinted at further accommodation (QE3) based on incoming data.
WSJ | How Effective Have Fed Moves Been?
The Federal Reserve has a host of options on the table as it meets today, and market expectations are running high that it will do something.
