News
Businessweek | How Much of a Dove Is Bernanke, Really?
Is the Federal Reserve doing too much to stimulate the economy, or not enough? Many of the questions that Chairman Ben Bernanke got in today’s congressional testimony were about the risks of the Fed’s doing too much: overdoing easy monetary policy and thus penalizing savers, or inflating fresh bubbles in asset markets.
NY Times | Fed Endorses Stimulus, but the Message Is Garbled
Despite signs of improvement in the job market, the chairman of the Federal Reserve, Ben S. Bernanke, and most other Fed officials signaled Wednesday that they remained cautious about easing back too quickly on their efforts to stimulate the economy.
Econ Comments & Analysis
Bloomberg | Bernanke Says Premature Tightening Would Endanger Recovery
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s record stimulus program under questioning from lawmakers, telling them that ending it prematurely would endanger a recovery hampered by high unemployment and government spending cuts.
WSJ | The Fed Squeezes the Shadow-Banking System
Here is the great economic paradox of our time: Despite the Federal Reserve's vast, 4½-year program of quantitative easing, the economy is still weak, with unemployment still high and labor-force participation down. And with all the money pumped into the economy, why is there no runaway inflation?
Blogs
WSJ | Volcker: Multiple Bank Regulators Is ‘Recipe for Getting Nothing Done’
Paul Volcker, the former chairman of the Federal Reserve, says the U.S. has too many agencies charged with the supervision and regulation of banks.
