News
Market Watch | Fed frets, but doesn’t offer more help for economy
A cautious Federal Reserve on Wednesday said that the economy was weaker but took no new action to help stimulate demand.
Bloomberg | Draghi Says ECB Working on Bond Plan Amid Bundesbank Concern
European Central Bank President Mario Draghi signaled the ECB intends to join forces with governments to buy bonds in sufficient quantities to ease the region’s debt crisis, while conceding that Germany’s Bundesbank has reservations about the plan.
Market Watch | Bank of England leaves monetary policy unchanged
The Bank of England on Thursday left its key lending rate unchanged and made no changes to its planned asset purchases.
Bloomberg | ECB Keeps Rates as Draghi Pressured to Bring Down Yields
The European Central Bank refrained from cutting interest rates as President Mario Draghi faces pressure to reduce bond yields to protect the euro.
Econ Comments & Analysis
CNN Money | Why the Fed's stimulus 'didn't work'
You needn't look hard to see the contrast between presidential candidates when it comes to what role Washington should play in reviving the economy.
Bloomberg | How the Fed Took the Money Out of Monetary Policy
I’ve been thinking a lot about monetary policy recently: not so much the question of will they or won’t they -- they being Federal Reserve policy makers -- provide additional stimulus.
City Journal | Monetarism and the Man
After Milton Friedman’s death on November 16, 2006, the diminutive intellectual cast such a long shadow that even as staunch an adversary as Paul Krugman begrudgingly remembered him as “a man of intellectual courage who was one of the most important economic thinkers of all time, and possibly the most brilliant communicator of economic ideas to the public that ever lived.”
Blogs
WSJ | More Inflation Measures Are Slowing
An important piece of economic news Tuesday got very little attention. The Commerce Department reported that several measures of inflation closely tracked by the Federal Reserve have softened.
Economist | See no evil
Little if any improvement in unemployment, lots of downside risk, inflation at or below the Fed's preferred level. Of course that's exactly what it said in June. Fittingly, the Fed took no additional action.
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.
