News
CNBC | Possible Fed Successor Has Admirers and Foes
In July 1996, the Federal Reserve broke the metronomic routine of its closed-door policy-making meetings to hold an unusual debate. The Fed's powerful chairman, Alan Greenspan, saw a chance for the first time in decades to drive annual inflation all the way down to zero, achieving the price stability he had long regarded as the central bank's primary mission.
Bloomberg | Central Banks Load Up on Equities
Central banks, guardians of the world’s $11 trillion in foreign-exchange reserves, are buying stocks in record amounts as falling bond yields push even risk- averse investors toward equities.
Econ Comments & Analysis
WSJ | Suddenly, Banks Are Victims
Standard & Poor's on Tuesday asked a federal judge to dismiss a $5 billion fraud lawsuit filed by the Justice Department. The judge ought to grant S&P's motion for many reasons, not least because otherwise no one will be able to sort Washington's list of victims and villains.
