News
Bloomberg | Dudley Says QE May Be Prolonged If Economy Misses Forecasts
Federal Reserve Bank of New York President William C. Dudley said the central bank may prolong its asset-purchase program if the economy’s performance fails to meet the Fed’s forecasts.
CNN Money | Fed officials: Tapering this year is no sure thing
The Federal Reserve's controversial stimulus program could continue at full blast if the job market doesn't keep improving, two key Fed officials said Thursday.
Bloomberg | Yellen Betting Defies 100-Year Jinx of Fed No. 2 Never Elevated
Janet Yellen, the favorite to lead the Federal Reserve in a survey of economists, would need to overcome 100 years of history in which the central bank’s No. 2 official has never risen to the top job.
Econ Comments & Analysis
Bloomberg | Bernanke Was Clear, Fed’s Crystal Ball Is Cloudy
Shoulda, woulda, coulda. It’s been a week since Federal Reserve Chairman Ben Bernanke “surprised” financial markets by telling them exactly what they expected, yet the whining is still going strong.
WSJ | Draghi Says Easy-Money Policy Remains
The European Central Bank's monetary policy will remain accommodative for the foreseeable future, ECB President Mario Draghi said Wednesday during a hearing at the French parliament.
Real Clear Markets | A Dollar Endgame Long Desired By Gold Investors
Gold has reached a new record low. Not in nominal terms, of course. The Coinage Act of 1792 defined the dollar as 24.75 grains of gold, or $17.72 per ounce, gold's original and lowest price. The first major change in the worth of the dollar occurred in 1933. President Roosevelt confiscated Americans' gold and then devalued the dollar to $35 per ounce.
