News
Bloomberg | Fed Belongs to Everybody as Public Says It’s Our Money in Crisis
The unprecedented frenzy surrounding Federal Reserve Chairman Ben S. Bernanke’s potential successor shows that Americans won’t let the central bank go back to its opaque and secretive ways.
WSJ | Fed’s Pianalto: Ready to Scale Back QE if Labor Market Stays on Current Path
The president of the Cleveland Federal Reserve Bank said Wednesday she would be ready to scale back the central bank’s $85 billion-per-month bond-buying program if the labor market continues to improve as it has over the past year.
Econ Comments & Analysis
Investors | Obama Ignores Pernicious Effect Of Fed Policies
When President Obama gave his recent address at Knox College, he lamented the dismal state of middle-income families, whose real incomes have been stagnant or falling. He promised new policies that would restore upward mobility and improve prospects for growth and employment.
NBER | State-controlled Banks and the Effectiveness of Monetary Policy
We find lending by state controlled banks to be significantly more associated with monetary policy than is lending by private sector banks.
