Econ Comments & Analysis
CNN Money | ECB sees slow recovery and many risks
The European Central Bank forecast Thursday a slow economic recovery and repeated its pledge to keep interest rates low as it waits for more evidence that the upturn will be sustained.
Forbes | Forget Its Dual Mandate, The Fed Should Have A Duodecuple Mandate
Although the Federal Reserve did many things (some wise, some not so wise) from January 30, 1934 to August 15, 1971, during that time it had only one legal “mandate” beyond acting as lender of last resort: to maintain the value of the dollar at 1/35th of an ounce of gold.
Blogs
Economist | It's the what, not the who
It is increasingly clear (or increasingly believed, at any rate) that Larry Summers will be the next chairman of the Federal Reserve. It is roughly as unclear as it has always been, which is very, what that will mean for monetary policy.
