News
Washington Times | Central banks to miss accord deadline
Global policymakers insist that the Federal Reserve’s failure to implement new banking rules on time is nothing to worry about, but critics of the international plan to strengthen the financial system say this is evidence it’s falling apart.
Market Watch | U.S. consumer prices decline in November
U.S. consumers paid less for goods and services in November, mainly because of the falling cost of gas.
Econ Comments & Analysis
Market Watch | Fed's Lacker: Jobless rate not good policy target
The Federal Reserve should not use the unemployment rate to guide markets about when it will eventually hike interest rates, said Richmond Federal Reserve Bank President Jeffrey Lacker on Friday.
Minyanville | When Will Expected Inflation Hit 2.5%?
Just when most people were getting used to the idea of QE3, yesterday the Fed announced QE4. When will the madness stop? In the Fed’s latest announcement it mentioned the “projected” inflation rate. This article will take a look at the TIPS expected inflation indicator to determine how long the Fed can remain accommodative under the new guidelines.
Market Watch | Fed's Fisher worried about new inflation threshold
Dallas Federal Reserve Bank President Richard Fisher said he argued against the Fed's decision earlier this week to set new thresholds on the level of unemployment and inflation that must be in place before it would contemplate higher interest rates.
Real Clear Markets | The Fed Subsidizes The Wrong Behavior
On May 18, 2007, Fitch Ratings affirmed its ratings regime for Merrill Lynch's Bernoulli High Grade CDO I, Ltd. Fitch assigned AAA ratings using its proprietary VECTOR model to all the class A tranches, amounting to about $1.37 billion in par value, and investment grades all the way down to the D class or "equity" tranche. The structure was initiated in March 2006, with a total par of about $1.5 billion, as a static hybrid cash and synthetic CDO.
FOX Business | The Federal Reserve's Zombie Economy
Deutsche Bank is out with a new warning that says the Federal Reserve’s latest round of an estimated $1.02 trillion in total annual purchases of U.S. Treasuries and mortgage-backed securities is creating lemon socialism, a U.S. economy filled with the financially undead.
Blogs
Economist | Bernanke's two-footed driving
I am cautiously enthusiastic about the Fed's recent policy evolution. Enthusiastic, because it represents a significant move toward better management of expectations, which is a critical policy tool in a world where the policy interest rate can't be reduced any lower. But cautiously so because, frankly, I'm not sure it will work.
John Taylor | More Monetary Policy Uncertainty
The Fed’s announcements yesterday increase monetary policy uncertainty in two fundamental ways.
