News
Market Watch | U.S. inflationary pressure continues to build, index shows
In yet another sign U.S. inflation is rising, the government's PCE index rose in April to its highest annualized rate since late 2012, the government reported Friday.
Econ Comments & Analysis
Real Clear Markets | A Rate Hike Has Been the Worst Market Call of 2014
The worst market call of 2014 has, so far at least, been the virtual assumption that interest rates will rise. Indeed it was just over a year ago that rates rose sharply due to Chairman Bernanke's hint that the Fed would begin "tapering" - reducing stimulus - in view of a strengthening U.S. recovery.
Real Clear Markets | The Fed Has Robbed Us Of a Vibrant Private Banking System
The evolution of currency and banking out of the nineteenth century provides more than a limited glimpse into the concepts and philosophies that we struggle with still. At the outset of the 1800's, the economic foundation in monetary terms was built upon specie, true hard money.
WSJ | A Better Solution for Too-Big-to-Fail Banks
Critics of Dodd-Frank have long argued that the law has not ended the danger posed to taxpayers and the financial system by "too-big-to-fail" banks. Instead, the law's "orderly liquidation authority" has institutionalized the problem by creating a formal bailout procedure and earmarking a new source of tax revenue to fund bailouts.
Washington Times | Dodd-Frank and regulation gone rogue
A bit of wisdom was actually uttered on Capitol Hill last week. The nation’s chief securities regulator told the House Committee on Financial Services that it was “extraordinarily important” for policymakers to “listen to the expertise” of professionals before running regulatory roughshod over industry.
Blogs
Market Watch | A new hawk at the Fed? We may find out Friday
Investors will be listening closely for clues when Loretta Mester, the incoming president of the Cleveland Fed, gives her maiden speech on Friday. She will speak at 12:30 p.m. at the Cleveland Fed’s inaugural inflation conference.
