News
Bloomberg | Following Bernanke Means Using Precedent of Unprecedented Policy
The success of the next Federal Reserve chairman, be it Janet Yellen, Lawrence Summers or someone else, will depend less on their grounding in monetary policy orthodoxy than on their readiness to reach beyond it.
Bloomberg | Fed’s Debit-Card Swipe-Fee Rules Rejected by U.S. Judge
The Federal Reserve disregarded Congress’s intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing “swipe” fees.
Blogs
WSJ | What to Expect From Fed Today
The Federal Reserve wraps up its latest policy-meeting today. The bottom line: The Fed may tweak the wording of its policy statement to reflect comments that Chairman Ben Bernanke has made since its last policy meeting in June, but officials are unlikely to actually announce any policy shifts.
