News
Bloomberg | George Concerned Fed Guidance Commits to Low Rates for Too Long
Federal Reserve Bank of Kansas City President Esther George, who dissented against unprecedented stimulus in seven policy meetings last year, voiced concern the Fed may keep the main interest rate too low for too long.
Bloomberg | Obama to Nominate Fischer, Brainard, Powell to Fed’s Board
President Barack Obama will nominate Stanley Fischer, Lael Brainard and Jerome Powell for positions on the Federal Reserve’s Board of Governors.
Econ Comments & Analysis
The Fiscal Times | Why ‘Too Big to Fail’ Is a Bigger Problem Than Ever - See more at: http://www.thefiscaltimes.com/Articles/2014/01/09/It-Time-Break-Big-Banks#sthash.OV8QQBWB.dpuf
In the past few months, JPMorgan Chase has agreed to pay, depending on how you do the math, somewhere between $22 billion and $25 billion in fines and penalties for various illegal activities, from hiding its suspicions about Ponzi schemer Bernie Madoff to misleading investors about the notorious London Whale. - See more at: http://www.thefiscaltimes.com/Articles/2014/01/09/It-Time-Break-Big-Banks#sthash.OV8QQBWB.dpuf
Fortune | Don't be cowed by the Fed's smaller profits
When your cow gets bigger but produces less milk, it's usually time to worry that something has gone wrong with the beast. That's the first thing that came to my mind when I heard that the Federal Reserve, a cash cow for U.S. taxpayers ever since the worldwide financial bailout began five years ago, sent less money to the Treasury last year than it did in 2012. This despite the fact that the Fed had increased its securities holdings by about $1.1 trillion.
Blogs
WSJ | Hilsenrath Analysis: Job Report Alone Unlikely to Alter Fed’s Course
Friday’s disappointing and slightly perplexing jobs report is likely to curb the Federal Reserve‘s recent enthusiasm about the U.S. economic recovery, but it seems unlikely to convince officials to alter the course Fed Chairman Ben Bernanke laid out for the central bank in December. That envisioned gradual reductions of its monthly bond-buying program this year.
