Econ Comments & Analysis
Barron's | Insurance Roars Back Into Style
Fed's latest quantitative easing puts a floor under the market, at least for now.
Market Watch | Fed's Evans: 'This was the time to act'
The Federal Reserve needed to launch another round of asset purchases given the problems facing the economy and the potential dangers lying ahead, said Charles Evans, the president of the Chicago Federal Reserve Bank on Tuesday.
Blogs
Reason Foundation | How Quantitative Easing Helps the Rich and Soaks the Rest of Us
Quantitative easing is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy.
The Economist: Free Exchange | Type the Title You Want People to See
Despite the goal of the projections—to improve transparency and communication—they've long fit awkwardly alongside the Fed's statements and policy actions. They've indicated for months, for instance, that the Fed was content with a much slower pace of recovery than it suggested in its statements.
Econlog | Woolsey and Sumner on QE3
The other "problem" with the Fed's policy is that it has specified that it will be purchasing mortgage backed securities. Since these are all "agency debt," that means they are already guaranteed by the U.S. taxpayer for credit risk.
