Econ Comments & Analysis
WSJ | The Fed's Eminent Mistake
The Federal Reserve has spent trillions of dollars trying to revive U.S. housing prices, and at long last a recovery is underway. So it's more than a little surprising that amid this progress the New York Fed would suddenly lend its intellectual imprimatur to a dubious proposal for government to use eminent domain to seize underwater mortgages.
Bloomberg | ECB Court Probe Focuses on Limits to Monetary Policy
German top judges examining the European Central Bank’s plan to buy bonds of crisis-torn countries asked whether the operation crosses the line from legitimate monetary policy to illicit state financing.
Makret Watch | Former Fed president talks QE3, tapering
Gary Stern, the former president of the Minneapolis Federal Reserve, has always insisted on keeping the focus on the longer run.
