Econ Comments & Analysis
WSJ | When Interest Rates Rise, Watch Out
Can Ben Bernanke fly us through a needle's eye? Minutes released this week from the last Federal Reserve policy meeting suggest evaluations are taking place that "might well lead the Committee to taper or end its purchases before it judged that a substantial improvement in the outlook for the labor market had occurred." It's about time.
Bloomberg | More Inflation Is the Cure for the Fed’s Impotence
The U.S. Federal Reserve has all but exhausted its most powerful weapon: the ability to lower short- term interest rates. If it wants ammo to fight the next economic slump, it will have to give up its obsession with ultralow inflation.
Blogs
WSJ | St. Louis Fed’s Bullard: Fed’s ‘Easy’ Policy To Stay For A ‘Long Time’
The Federal Reserve’s ”easy” monetary policy will remain in effect for a “long time,” St. Louis Fed President James Bullard said Friday, adding that global economic uncertainty is “way down.”
