News
Bloomberg |
BRICS Nations Plan New Bank to Bypass World Bank, IMF
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
Econ Comments & Analysis
Bloomberg | Dallas Fed Favoring Reduced Asset Purchases on U.S. Recovery
Dallas Fed President Richard Fisher said he’d like the U.S. to reduce its mortgage-backed security purchases program amid signs that the economy will probably grow at about 3 percent by the end of the year.
WSJ | Fed Banker Backs Dialing Down Easy Money .
Mr. Dudley, one of the chief advocates of the bond-buying programs, appeared decisively in favor of tapering off purchases in the future.
MSN Money | Europe's crisis buys time for Fed
Maybe there's hope for the Federal Reserve -- and the U.S. economy, after all. At the least, the eurozone debt crisis should give the Fed -- and U.S. stock and bond prices -- valuable support through September.
WSJ | A Commission for the Fed's Next 100 Years
As the Federal Reserve approaches its 100th anniversary in December, the focus of monetary reform centers on a bill called the Centennial Monetary Commission Act. Introduced this month in the House of Representatives by Chairman of the Joint Economic CommitteeKevin Brady.
