News
CNBC | What the bond market might say about the Fed
After the Fed ruffled markets in the past week, the Treasury's 5-year note auction Wednesday should get more attention than usual as traders watch to see whether the prospect for higher rates has been fully priced in.
Bloomberg | Measuring the Handouts to Big Banks
The largest U.S. banks and their lobbyists have been trying hard to counteract the growing impression that they present an unacceptable threat to the economy. In a new series of papers, the Federal Reserve Bank of New York offers some evidence that they probably won’t like.
Econ Comments & Analysis
Bloomberg | Bullard Says Fed Hasn’t Discussed Date to End QE
Federal Reserve Bank of St. Louis President James Bullard said policy makers haven’t committed to a specific month to end bond purchases even as it would take a significant shift in the outlook to alter the path of tapering.
Real Clear Markets | The Volcker Rule Increases the Likelihood That Banks Will Default
Last Thursday, without any fanfare, the Office of the Comptroller of the Currency released the economic analysis for the Volcker Rule. The timing-approximately three months after the OCC and its fellow regulators released the final rule-and the substance of the analysis are troubling.
Blogs
WSJ | Atlanta Fed’s Lockhart Says Second Half of 2015 Is Soonest Rates Could Rise
The Federal Reserve will likely begin to raise interest rates in the second half of 2015, but it could be much longer because the U.S. labor market needs time to fully recover from the recession, Federal Reserve Bank of Atlanta President Dennis Lockhart said Tuesday.
WSJ | Everything You Ever Wanted to Know About Washington’s Battle Over the IMF
Democrats are yielding on another fight with Republicans over major changes to the International Monetary Fund, this time to clear a U.S. bailout for Ukraine. Where does that leave the U.S., the IMF and the fund’s members? Here’s everything you could possibly want to know, and why it matters.
