News
Bloomberg | Wholesale Prices in U.S. Fell for Third Month in November
Wholesale prices in the U.S. declined for a third month in November, reflecting lower costs for energy and cars.
Market Watch | Not just too big to fail, banks are too big. Period
Forget about individual banks being too big to fail. The whole financial system is simply too big. Period. No advanced economy can function without it, but finance has gotten much bigger than it needs to be. The economy has become overly financialized.
CNBC | This is the biggest mistake people are making about QE now
When the Federal Reserve unveiled the bond buying programs everyone now knows as quantitative easing, there were two complaints whose prominence was outmatched only by their erroneous assertions.
Econ Comments & Analysis
Forbes | Amid An Ongoing QE 'Experiment,' U.S. Banks Are Not 'Sitting On Their Reserves'
Some people are a little confused by the increasing amounts of “bank reserves” (bank deposits at the Federal reserve, a form of base money), and the rather low rate of loan growth at banks today. Let’s take a closer look.
Mercatus | Rethinking the Federal Reserve's Many Mandates on its 100 Year Anniversary
When the Dodd-Frank Act was being developed, one issue under consideration was whether the Board should lose some of its regulatory powers in view of its poor regulatory performance prior to the crisis. Instead, Dodd-Frank substantially increased the Board’s regulatory powers
Blogs
WSJ | Fed Scorecard: Where Do Officials Stand on Tapering?
In the wake of better economic data and notable improvements in hiring, Fed officials haven’t sent a clear signal of what they are likely to do.
WSJ | Should the Fed Switch Its Benchmark Rates?
The Federal Reserve is testing a new bond-trading program that is working so well, some influential people think it could lead the central bank to ditch its current policy lever — its federal funds rate target — in favor of this new program.
