News
Bloomberg | ECB Holds Rates as Stronger Euro Threatens Economic Recovery
The European Central Bank left interest rates unchanged even as a stronger currency threatens the euro area’s recovery from recession.
CNN Money | Hackers access Federal Reserve website, data
The Federal Reserve has acknowledged that an outside party gained access to its website and a limited amount of data, raising questions about the central bank's cyber-security measures.
Market Watch | Fed's Stein: Rate policy a tool to stem bubbles
The Federal Reserve may have to adjust monetary policy in the future to combat asset bubbles, said Federal Reserve Governor Jeremy Stein on Thursday.
Econ Comments & Analysis
WSJ | The Fed's Asset-Inflation Machine
In a 1996 speech to the American Enterprise Institute, Federal Reserve Chairman Alan Greenspan famously warned about the dangers when "irrational exuberance" fueled asset inflation. By that he meant that rising values of stocks and real estate might reflect only a cheapened dollar, not an increase in their real worth. Since he was the man in charge of the dollar, his remark caused quite a stir.
Blogs
WSJ | Fed’s Stein: Signs of Overheating in Some Credit Markets
A top Federal Reserve official in a speech Thursday said he sees some signs that credit markets may be overheating, although he said there is not an imminent threat to the wider financial system.
