News
Bloomberg | Credit Swaps in U.S. Fall as Euro Leaders Loosen Rescue Rules
A gauge of U.S. corporate debt risk fell the most in more than two weeks after European leaders agreed to relax rules on emergency loans for Spanish banks, reducing pressure on Spain and Italy’s bond yields.
Econ Comments & Analysis
Fiscal Times | 7 Reasons the Fed Should Raise Interest Rates…
Easier money is what causes low interest rates and bringing down the rate of interest is the principal means by which the Federal Reserve eases monetary policy. So saying we need higher interest rates and easier money appears to be a contradiction in terms. However, there is method to my madness.
Blogs
NY Times | Three More Governance Questions for the Fed
As a result of recent interactions with former officials and others who know the Fed intimately, I have three substantive governance concerns for the New York Fed that merit further discussion.
Calculated Risk | A QE Timeline
By request, here is an updated timeline of QE (and Twist operations)
WSJ | Fed’s Lockhart Open to Further Action if Economy Weakens
While he doesn’t think it’s going to be needed, the leader of the Federal Reserve Bank of Atlanta remains open to the idea of further central bank stimulus if the economy weakens.
