News
WSJ | Bernanke Defends Fed Policies, Remains Cautious
Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday it was "certainly possible" that the central bank could take new steps to support the economic recovery if the jobs market doesn't show gains.
Bloomberg | Libor Reported as Rigged in ’08 Proving 2012’s Revelation
Barclays Plc’s admission that it rigged the London interbank offered rate shows regulators, central bankers and politicians weren’t paying attention when everyone from Citigroup Inc. to the Bank for International Settlements indicated that the measure was being manipulated.
Econ Comments & Analysis
Washington Post | Ron Paul, fed up with trying to end the Fed
Ron Paul ran for president three times, served nearly a quarter-century in Congress, spawned a national movement and saw his son elected to the Senate.
WSJ | There Is No 'Euro Crisis'
Contrary to what is claimed daily in the media by politicians and many economists, there is no "euro crisis." The single currency doesn't have to be "saved" or else explode.
Blogs
Minyanville | Bernanke and Fed Options
Many observers continue to clamor for a new round of asset purchases from the Federal Reserve. They were disappointed when the FOMC statement and press conference after last months meeting failed to provide fresh clues. They were disappointed again with the minutes from that meeting. They were disappointed again yesterday when Fed Chairman Bernanke did not play up the likelihood of QE3.
WSJ | Oops: What Bernanke Said Five Years Ago Today
Five years ago, July 18, 2007, Federal Reserve Chairman Ben Bernanke testified before the House Financial Services Committee as he is today. The housing bubble was bursting, cracks in the global financial system were just beginning to appear, but Bernanke didn’t sound terribly worried or prescient.
