News
WSJ | Fed Looks Likely to Stick to Policy Path
"While monetary-policy discussions naturally begin with a baseline outlook, the path of the economy is uncertain, and effective policy must respond to significant unexpected twists and turns the economy may take," Fed Chairwoman Janet Yellen said in a speech at the Economic Club of New York last week, her last comments before the central bank's one-week quiet period ahead of its April 29-30 policy meeting.
Econ Comments & Analysis
Market Watch | What’s that fishy smell? The Fed’s corrupt policies
How else can one describe a regime that punishes savers and rewards borrowers and speculators for years on end? Our central bank is essentially taking billions of dollars a year from average Americans, who are still struggling to get by in a bombed-out economy, and it is giving it — yes, giving it — to the very banks that helped cause the 2008 financial crisis in the first place.
Heritage Foundation | Basel III Capital Standards Do Not Reduce the Too-Big-to-Fail Problem
Many experts recognize that the government will still step in to support some financial institutions rather than allow them to go through bankruptcy. Dodd–Frank has worsened this too-big-to-fail problem by expanding the capital requirements that contributed to the 2008 financial crisis.
Blogs
WSJ | To Gauge Jobs Progress, Fed Should Focus on Wages: Former BOE Officials
Falling U.S. labor force participation reflects a weak economic recovery rather than more intractable structural factors such as skill mismatches and demographic shifts, argue Danny Blanchflower, now a professor at Dartmouth University, and Adam Posen, president of the Peterson Institute for International Economics, in a draft paper.
