News
FOX Business | Fed's Plosser Floats New Approach To Forward Guidance On Rates
The Federal Reserve should provide more information on the likely future path of interest rates and explain its policy decisions in the context of those forecasts, a top Fed official said on Friday.
Econ Comments & Analysis
Bloomberg | Lehman Lesson Lost as Bank Lobby Gains Clout, Reinfeldt Says
Sweden’s Prime Minister Fredrik Reinfeldt said the world risks forgetting the lessons of the financial crisis as the bank lobby gains dominance.
Bloomberg | Buy With Central Banks Is U.S.-Japan Lesson for ECB QE Scenario
If central banks are buying, it pays for investors to join in.
Forbes | Steve Forbes Aims To End Four Decades Of Slow-Motion Wealth Destruction
Their hearts are surely in the right place, but when money is discussed with devotees of the Austrian School, they frequently tout the concept of “competing currencies.” At first glance it’s hard to argue with them. Rather than leave money to government, why not let private actors compete to issue the best money?
Blogs
WSJ | John Taylor: Interest Rates Should Already Be Higher
Our main topic of conversation, which is being hotly debated in markets and at the Fed, was where short-term interest rates should be in the years ahead, after the Fed lifts them from zero.
Calculated Risk | Unofficial Problem Bank list declines to 496 Institutions
Added this week were GSL Savings Bank, Guttenberg, NJ ($100 million); Grant County Deposit Bank, Williamstown, KY ($79 million); and Columbus Junction State Bank, Columbus Junction, IA ($56 million).
