News
Bloomberg | Bernanke Seen Keeping Up Pace of QE Until Fourth Quarter
Chairman Ben S. Bernanke will probably start reducing the Federal Reserve’s $85 billion in monthly bond buying no earlier than the fourth quarter of 2013, economists said in a Bloomberg survey.
Econ Comments & Analysis
Forbes | The Budget Stalemate Shows The Need For Monetary Reform
The introduction last week of two bills by the Chairman of the Joint Economic Committee (JEC) that would require a serious look at monetary policy suddenly makes such a breakthrough a real possibility. Progress on monetary reform is the overlooked, all important variable that will shape the outlook for financial markets, economic growth and the prospect for balancing the budget of federal, state and local governments, to say nothing of the budget of the average American family.
WSJ | The Fed's Stress Tests Add Risk to the Financial System
On March 14, after the markets closed, the 29 banks that hold about three-fourths of U.S. banking assets waited to hear if they passed or failed the Federal Reserve's annual stress tests. The results seemed reassuring. The Fed gave a passing grade to 14 and a failing grade to two, required two others to address some additional weakness by later this year, and didn't disclose its conclusions about the 11 smaller institutions.
Blogs
Economist | A turning point
Today, the Federal Open Market Committee is beginning a two day meeting. Tomorrow, the Fed will release new economic projections, and Ben Bernanke will answer questions on Fed policy at an afternoon press conference.
