News
Bloomberg | Fed Anxiety Rises as QE Raises Risk of Loss With Political Cost
The longer the Federal Reserve continues its bond-buying stimulus, the higher the odds it will face a year without any money to give the U.S. Treasury after taxpayers received a record $88.4 billion profit in 2012.
Econ Comments & Analysis
Real Clear Markets | Dueling Central Banks, Devaluing Together
On December 13, 1990, the Federal Reserve Board amended Regulation D to change the reserve requirement on all "nontransaction liabilities" at FR2900 weekly reporters from 3% to 1.5%. That was the first step in three that removed all reserve requirements for these types of accounts at all styles of regulated banks, as by January 17, 1991, even FR2900 quarterly reporters were allowed into the ruling.
WSJ | Europe and the Zero Bound
The European Central Bank turned heads by cutting its benchmark interest rates by 0.25 percentage points on Thursday, though calling it a dovish move would imply that the ECB has been hawkish. The main refinancing rate sat at 0.5% for six months before this week.
