News
Market Watch | Fed's Pianalto says QE3 should support housing
The Federal Reserve's third round of asset purchases, known colloquially as QE3, should put some downward pressure on home-mortgage rates and help the housing sector recover, Sandra Pianalto, president of the Cleveland Federal Reserve Bank, said Thursday.
Bloomberg | Fed’s Kocherlakota Backs More Stimulus in Policy Reversal
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said battling unemployment may mean keeping interest rates close to zero for four years, reversing his view that borrowing costs might have to rise as soon as this year.
Econ Comments & Analysis
Telegraph | Money printing has only allowed governments to duck their problems
Forget QE3 in the US, or whatever round of quantitative easing we are now up to here in the UK; in Japan they are about to embark on QE7, or is that QE8 – it’s hard to keep up.
Forbes | Will Ben Bernanke's QE3 Work? No, It's Already Failed
People can stop wondering if QE3, Fed Chairman Ben Bernanke’s latest effort to “do more”, will work. It has already failed.
CATO | Bernanke Administers Another Cruel Dose of Financial Morphine with QE3
After nearly four years of ultra-low interest rates and a tripling of the Federal Reserve’s balance sheet—but with little progress on reducing the unemployment rate— the Bernanke Fed has once again come to the rescue with another dose of financial morphine.
Blogs
WSJ | Depression Lessons: Should Fed Stand Down to Compel Congressional Action?
For much of the second half of the 20th century, economists from James Tobin, the noted Keynesian, and Milton Friedman, the noted monetarist, critiqued the Federal Reserve‘s monetary policy during the Great Depression. It’s a tradition that Ben Bernanke pursued as an academic before he came to Washington.
