News
Market Watch | Fed's Pianalto: Next move based on range of data
No single data point will determine how long the Federal Reserve can keep short-term interest rates low, said Sandra Pianalto, president of the Cleveland regional central bank branch, on Thursday.
WSJ | Fed Kills Citi Plan to Pay Investors
Citigroup Inc. failed to get Federal Reserve approval to reward investors with higher dividends and stock buybacks, a surprising blow to Chief Executive Michael Corbat's effort to bolster the bank's reputation following a 2008 government rescue.
Econ Comments & Analysis
Fortune | Citi and four other banks stumble in Fed stress tests
The Fed approves the capital plans of 25 others. Goldman and Bank of America were forced to resubmit.
Market Watch | Fed's Bullard: Financial stability concerns loom large
St. Louis Federal Reserve Bank President James Bullard said Thursday that the key risk for U.S. economy would be a bubble forming as the central bank removes monetary-policy accommodations, while he also raised concerns about financial stability in the U.S. economy.
Fortune | Redeeming Greenspan: Don't blame the Fed for bubbles
Critics love to call out monetary policy as one of the prime causes of the financial crisis. But the data just don't back that up.
CRS | Financial Condition of Depository Banks
A bank is an institution that obtains either a federal or state charter that allows it to accept federally insured deposits and pay interest to depositors. In addition, the charter allows banks to make residential and commercial mortgage loans; provide check cashing and clearing services; underwrite securities that include U.S. Treasuries, municipal bonds, commercial paper, and Fannie Mae and Freddie Mac issuances; and other activities as defined by statute.
Blogs
WSJ | Fed’s Plosser Wants Inflation to Creep Higher
A top Federal Reserve official said Wednesday he wants to see U.S. inflation, which has been undershooting the central bank’s target for some time, to move higher.
Library of Economics | Central banks do not deserve our respect
Nor (in my view) do they deserve our contempt. They should be viewed skeptically. They are trying to do a good job, but often fall well short. One such occasion occurred in 2011 when the ECB tightened monetary policy.
