News
Bloomberg | Fischer Seen Bringing Crisis-Fighting Skills to No. 2 Fed Post
Stanley Fischer, said to be the leading candidate for the No. 2 job at the Federal Reserve, offers crisis-fighting experience and a dose of skepticism about efforts to shape expectations on the outlook for interest rates.
Market Watch | U.S. import prices decline 0.6% in November
The prices paid for imported goods fell 0.6% in November, with a large drop for fuel, the U.S. Department of Labor reported Thursday. Economists polled by MarketWatch had expected import prices to fall 0.8%.
WSJ | Fed Moves Toward New Tool for Setting Rates
An experimental bond-trading program being run at the Federal Reserve Bank of New York could fundamentally change the way the central bank sets interest rates.
Econ Comments & Analysis
WSJ | Banks, Agencies Draw Battle Lines Over 'Volcker Rule'
Just a day after the final rule was approved by U.S. regulators, banks and their law firms were busy figuring out how to comply with strict new guidelines on Wall Street firms' trading activities and how to mitigate any hit to profits. Meanwhile, regulators were on a collision course over who gets supremacy in enforcing the rule.
Fortune | What will tapering do to Treasuries?
Like many Americans nowadays, I tend to tune out much of the mainstream media, but I did catch myself watching a little CNBC recently. Interestingly, it made me realize that the buy side, sell side, and media are arguing with many of the same platitudes on the topic of the Federal Reserve tapering its bond-buying stimulus. In short, no one has any real conviction or strong insight. Their views are not having any impact.
