News
CNN Money | Commission: Reform, but don't kill, Libor
A new report by British authorities released Friday recommends that Libor, a key benchmark for interest rates worldwide, should be changed but not tossed out. The highly anticipated report comes after a massive scandal in which banks rigged the rate for their own benefit.
CNBC | Tying Fed Policy to Jobs 'Risky and Dangerous': Plosser
Keeping U.S. monetary policy extraordinarily loose until the jobless rate hits a defined level could be very dangerous, Philadelphia Fed President Charles Plosser said on Thursday.
Econ Comments & Analysis
Washington Times | The Fed keeps on printing money
Two weeks ago, Federal Reserve Chairman Ben S. Bernanke announced the purchase of $40 billion worth of mortgage-backed securities per month for an indefinite period of time. This debt acquisition is known as quantitative easing, or QE.
Blogs
Market Watch | Libor overhaul: 10-point digested read
Global banking’s preferred third-party acronym, Libor — the London interbank offered rate — is facing a new dawn, British regulators said Friday. Martin Wheatley, who is the Financial Service Authority’s conduct-enforcer-in-chief, is suggesting that oversight over the method by which banks determine how much to charge each other for borrowing should be fixed.
