Pages

Monday, February 24, 2014

Monetary

News                                                                                                                             
Bloomberg | Draghi: ECB Prepared to Add Stimulus on Deflation Risks
European Central Bank President Mario Draghi said policy makers are ready to add to stimulus if the outlook for prices deteriorates, though there are currently no signs of deflation in the euro area.
Market Watch | Euro-zone inflation falls at record speed
The prices of consumer goods in the euro zone fell in January from December at the steepest rate since records began in 2001, a new sign that domestic demand is ailing and will continue to hinder an economic recovery.
CNN Money | Federal Reserve underestimated the crisis
If it wasn't already obvious, it certainly is now: The Federal Reserve didn't see the Great Recession coming until it was in the thick of the crisis.
Bloomberg | Yellen Seeking New Low-Rate Guidance Can Use Forecasts: Economy
As Janet Yellen seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low, she can reach for a six-year-old tool: the Fed’s quarterly forecasts.

Econ Comments & Analysis                                                                                            
Bloomberg | Make Banks Safer: Tax Them
Nearly six years after the financial crisis, regulators have adopted a slew of new rules that might make individual banks a little safer. None of the measures, though, adequately addresses a more troubling and hard-to-recognize problem: the risk lurking in the linkages between financial institutions.
Fortune | Fed transcripts: Bernanke chose to let Lehman fail
Newly released transcripts cast doubt on the claim that the Fed didn't have the power to save the investment bank.