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Thursday, February 20, 2014

Monetary

News                                                                                                                             
National Journal | 6.5 Percent Unemployment No Longer a Good Target for Rate Rise, Says Fed
For over a year, the Federal Reserve has said it planned to raise its benchmark interest rate—the one that's currently near zero, and whose level ripples through interest rates across the economy—around the time that the nation's unemployment rate hit 6.5 percent, so long as inflation wasn't getting out of hand.
Bloomberg | Consumer Prices in U.S. Increased at Slower Pace in January
The cost of living in the U.S. rose at a slower pace in January, a sign inflation was restrained in early 2014.

Blogs                                                                                                                             
WSJ | Fed’s Williams: High Bar for Fed to Change Tapering Trajectory
The bar is high for the Federal Reserve to change course on winding down its signature bond-buying program, Federal Reserve Bank of San Francisco President John Williams said Wednesday.