News
Market Watch | Fed seen making first taper move in September
The Federal Reserve seems on track for a small reduction in the pace of its asset purchase program in September, according to experts attending the central bank’s annual retreat in Jackson Hole.
Bloomberg | Bond Yields Show Selloff Beating ’09 Peaking Until Rate Rise
As the U.S. bond market suffers its worst rout since 2009, the gauge that historically signals more pain for fixed-income investors is instead suggesting yields (USGG10YR) are near their peak.
CNN Money | Fed warned of global risks to tapering
As the Federal Reserve prepares to gradually wind down its stimulus program, some fear that the policy reversal could cause emerging economies to fall like dominoes.
Bloomberg | ECB Council Members Split in Jackson Hole Over Rate Cuts
European Central Bank Governing Council members are split over whether scope remains for further interest-rate cuts as evidence mounts that the euro-area economy is on the mend.
Econ Comments & Analysis
Forbes | Monetary Fight Follies: Milton Friedman's Monetarism Vs. Milton Friedman's 'Market' Monetarism
For readers seeking comic relief with a small amount of policy mixed in, they need look no further than the debate over which side the late, great Milton Friedman would take with regard to the Fed’s perversion of money in the form of “quantitative easing” (QE).
Washington Post | Obama should settle the battle for the Fed soon
The struggle to succeed Ben Bernanke as chairman of the Federal Reserve has turned into a soap opera. Bernanke, it is widely assumed, has told President Obama that he doesn’t want a third four-year term — or has been informed that he won’t be reappointed.
