Econ Comments & Analysis
AEI | Our worst fears about Dodd-Frank's FSOC are being confirmed
The Dodd-Frank Act created significant regulatory uncertainty when it gave the Financial Stability Oversight Council the power to designate financial firms as systemically important financial institutions or SIFIs. If the Council finds that financial firms create “systemic risks” and threaten financial stability, it can assign a SIFI designation and require the firm to satisfy enhanced capital, leverage, liquidity, and supervision requirements similar to those Dodd-Frank prescribes for large banking institutions.
Blogs
Economist | Low rates forever
James Hamilton looks at some interesting new research (which derives an easy way to calculate implied forward interest rates) and finds that markets expect interest rate increases to come very gradually indeed—when, that is, the Fed finally begins raising rates.
