News
Market Watch | ECB: Inflation expectations 'well-anchored'
Inflation expectations are "very well" anchored in the euro zone, European Central Bank Executive Board member Benoit Coeure said in a speech released Friday, suggesting less than a week before the ECB's next rate meeting that inflation expectations aren't a concern.
WSJ | Academic Sways Central Bankers
Since January, Fed officials have said they expect to keep short-term interest rates near zero at least through late 2014. Minutes of their July 31-Aug. 1 policy meeting show they considered saying rates would stay low for longer.
Bloomberg | Dallas Fed Warns Against 'Ultra Easy' Money
Vincent Reinhart, a former top Fed staffer who is now chief U.S. economist for Morgan Stanley, said there was little chance that Bernanke would make news in Jackson Hole, in part because of his concern for consensus.
Market Watch | Draghi’s ‘convertibility’ fears set ECB tough task
European Central Bank President Mario Draghi is fighting a battle against fear itself.
Econ Comments & Analysis
Daily Finance | What a Return to the Gold Standard Would Mean for You
The GOP's proposed platform, which will be debated over the next few days, calls for a commission to study the feasibility of a return to a fixed value currency.
Market Watch | Fed's Bullard not ready to support more QE
St. Louis Federal Reserve Bank President James Bullard said he was not ready to support another large asset-purchase plan. In an interview with Bloomberg TV, Bullard said he would like to see more data before taking "really big action." Bullard said he would support "smaller things" like cutting the interest rate paid on excess reserves that banks park at the central bank.
RCM | A Return to Hard Money? Let's Get It Right This Time
The Great Inflation had reached its crescendo at the time of that proposal. In terms of monetary conditions, the massive consumer price inflation inflicted on the global economy had led to more than a decade of impoverishment.
Daily Finance | My Inflation Isn't Like Your Inflation
Food price inflation can be severe at times, too. The price of ground beef, for example, was recently nearly 6% higher than it was a year earlier, and steak prices were up nearly 9%.
