News
Market Watch | ECB to inspect $5.16 trillion of bank assets
The European Central Bank Tuesday laid out exactly how regulatory authorities should probe the assets of 128 of the euro-zone’s largest banks currently under review.
Econ Comments & Analysis
Bloomberg | Repo Fire-Sale Plan Said Within Reach After Fed Sounds Alarm
Wall Street’s biggest firms are close to agreeing on a plan that would safeguard the financial markets from the crippling fire sales that engulfed Lehman Brothers Holdings Inc. and Bear Stearns Cos.
Market Watch | OECD calls for Fed to be cautious in tapering
The U.S. Federal Reserve should proceed cautiously in scaling back its asset purchase program, while signaling its intentions clearly so as to minimize the impact on developing economies, the Organization for Economic Cooperation and Development said Tuesday.
AEI | Do we really need a larger IMF?
John Maynard Keynes famously observed, “when the facts change, I change my mind. What do you do, sir?” Evidently the same may not be said of the U.S. Treasury regarding the appropriate size of the International Monetary Fund.
Blogs
WSJ | Fed’s Evans: Time to Revise Forward Guidance
The Federal Reserve official who was instrumental in guiding the central bank to provide detailed verbal guidance on the potential timing of interest rate increases says the time has arrived to change this system.
