News
FOX Business | Bank of Japan Unveils Massive Stimulus Plan
The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
CNN Money | ECB leaves rates unchanged
The European Central Bank left interest rates unchanged Thursday despite continued economic turmoil.
FOX Business | Fed's Lockhart Will Not Rule Out Tapering of QE3
Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said on Thursday he would not totally rule out lowering the amount of bonds the U.S. central bank is buying by this summer, but cautioned about economic pullbacks mid-way through each of the last two years.
Econ Comments & Analysis
CATO | More Dollars to the IMF a Bad Idea
Pressure is mounting on the United States to ratify the reform of the International Monetary Fund, which the Obama administration unsuccessfully submitted for congressional approval last month. Congress should think twice before passing the reform — importantly because its thrust consists of doubling the amount the United States will owe the IMF — also known as the “quota.”
Real Clear Markets | Ben Bernanke Has the Fed In Uncharted Waters
In medieval times mapmakers used the phrase "Here be dragons" to denote dangerous or unexplored territory. That pretty much describes the journey Ben Bernanke is taking the Federal Reserve on these days. Monetary policy is in uncharted waters.
Washington Post | The central-bank ‘improvisers’
The bailout of Cyprus — if it can be called that — bore all the trappings of Europe’s standard response to its economic crisis. The last-minute, melodramatic rescue was complex, contentious and controversial. Decisions were taken that, for now, prevent Cyprus’s problems from spilling over to the 16 other countries that use the euro. But the same steps may make matters worse in the long run.
Blogs
WSJ | Should Fed Raise Rates to Curb Risk Taking?
The debate continues over whether the Federal Reserve should raise interest rates to address excessive risk-taking in financial markets.
