News
Market Watch | Dollar slips, euro gains; investors eye ECB
The euro rose against the U.S. dollar Monday, as investors mulled prospects that the European Central Bank may intervene in bond markets to lower borrowing costs for Spain and Italy.
Bloomberg | Yellen Must Show How 12 Fed Opinions Become One Policy
Federal Reserve Vice Chairman Janet Yellen may face her biggest challenge yet as head of a panel on communications: showing how 12 Fed officials with clashing views unify behind a single policy.
Econ Comments & Analysis
WSJ | How We'll Build European Monetary Union 2.0
The euro zone is at a decisive juncture—not only in its three-year-old debt crisis but in its 13-year-old history. And the two are inextricably linked: The short-term symptoms of this crisis have their roots in long-term ailments.
Blogs
WSJ | BofA Sees 80% Chance of QE3 Priced Into Markets
Bank of America sees an 80% chance of another round of large-scale asset purchases by the Federal Reserve priced into markets.
Free Banking | Friedman on flexible exchange rates
Friedman wrote his most frequently cited essay on exchange rates, “The Case for Flexible Exchange Rates,” as a proposal for a quick way for Western European countries to eliminate the exchange controls that they had established before World War II and that persisted in the early 1950s. Exchange controls hindered trade.
