News
Bloomberg | G-20 Draft Affirms Vow to Avoid Competitive Devaluations
Group of 20 nations will affirm a commitment to avoid weakening their currencies to gain a trade advantage, according to a draft statement prepared for a meeting this week in Washington, Bloomberg BNA reported.
CNN Money | The Fed's Bullard thinks inflation is dangerously low
Cue the flashback to summer 2010. Ben Bernanke and other officials at the Federal Reserve were warning that inflation was approaching dangerous lows, perhaps even flirting with the dreaded "D" word -- deflation. Bernanke gave a key speech in Jackson Hole that August hinting that more Fed stimulus might be in the pipeline. Sure enough, it was. The Fed launched QE2 about two months later.
Econ Comments & Analysis
Market Watch | IMF’s Lagarde says ECB has more room to ease
International Monetary Fund Managing Director Christine Lagarde on Thursday called for a “full speed” global economy as she pressed Europe in particular to bolster growth.
Money News | Steve Forbes: Fed Policy Continues to Plague Asset Markets, Economy
The Federal Reserve’s massive easing program is still wreaking havoc on asset markets and the economy, says Steve Forbes, chairman of Forbes Media.
