News
CNN Money | Yes, the economy is getting better
In minutes released from its June meeting, the central bank said that if the economy improves as it expects, its massive bond buying program will fully wind down following its meeting in October.
WSJ | Regulators Ready Money-Fund Rules
U.S. regulators are poised to complete long-awaited rules intended to prevent a repeat of the investor stampede out of money-market mutual funds that threatened to freeze corporate lending during the 2008 financial crisis.
Econ Comments & Analysis
NY Sun | Congress Eyes Rules for the Fed
A cable this morning from Professor John Taylor of Stanford alerts us to the introduction in Congress of the newest piece of legislation offered in respect of monetary reform. It is called the Federal Reserve Accountability and Transparency Act of 2014.” H.R. 5018 would, as Mr. Taylor describes it in his Web log, require the Fed to adopt a “rules-based policy.”
MSN Money | Fed's cheap-money high comes to an end
It seems nearly everyone is still in denial that anything is about to change. Just look at the market action on Wednesday in the wake of the release of the Federal Reserve's latest meeting minutes.
Blogs
WSJ | Divide on Inflation Views Growing at the Federal Reserve, Minutes Show
Minutes from the Federal Reserve’s June meeting suggest there is a growing gap between officials who believe U.S. inflation could remain too low for the Fed’s comfort and those who believe a spike in consumer prices could be closer than forecasters think.
