Econ Comments & Analysis
Market Watch | Fed's Rosengren makes strong case for more QE
The U.S. economy is "only treading water" and central bankers need to launch another, open-ended, asset purchase program to spur demand, said Boston Federal Reserve Bank President Eric Rosengren on Tuesday. In an interview on CNBC that followed an interview in the Wall Street Journal, Rosengren argued that the Fed should set out to buy a specific dollar amount of mortgage-backed securities per month but not set an end-date until there was a clear improvement in the economy.
NY Times | Libor, Naked and Exposed
The Barclays case demonstrates that Libor has become more vulnerable to misconduct. It’s time for a new or revised benchmark — an emperor clothed in actual, observable market transactions — to restore the confidence of Americans that the rates at which they borrow and lend money are set honestly and transparently.
