News
Market Watch | Global regulators water down bank liquidity rules
Bank shares were poised to gain some ground Monday after global regulators watered down new rules on how much capital lenders have to set aside and delayed their implementation until 2019 in order to avoid crimping lending and an economic recovery.
Bloomberg | Draghi Seeks Extended Calm in 2013 on Fading Euro Economy
European Central Bank President Mario Draghi will turn his attention to nursing the euro region back to economic health this week as the urgency to deploy emergency crisis measures recedes after three years.
WSJ | Is the Fed Doing Enough—or Too Much—to Aid Recovery?
The Federal Reserve's decision to tie interest-rate increases to specific unemployment and inflation levels will likely be only a temporary part of its tool kit, central-bank insiders say.
Econ Comments & Analysis
WSJ | In Defense of the Fed's New Interest-Rate Policy
At the most recent meeting of its Federal Open Market Committee, the Federal Reserve broke new ground by announcing the explicit criteria it would use to begin raising its target for the federal-funds rate. The FOMC said it will keep the rate near zero as long as the unemployment rate remains above 6.5%, and the inflation rate one to two years ahead is projected to be no higher than 2.5%.
Blogs
WSJ | Yellen: Fed Likely to Vary Interest Rates for Reserves in Future
The Federal Reserve will “almost surely” use its power to change the interest rate on reserves that banks park at the central bank when the time comes to tighten its easy-money policy, Fed Vice Chairwoman Janet Yellen said Saturday.
