News
Bloomberg | Draghi Seen Delivering $1 Trillion to Banks in ECB Offer
Mario Draghi’s newest stimulus tool will hand banks more than 700 billion euros ($950 billion) of cheap funding, economists say.
Econ Comments & Analysis
Washington Post | The end of quantitative easing is good news
The Federal Reserve’s unconventional “quantitative easing” strategy will not turn into a “QE-ternity” after all. Many a Wall Street wag had suggested that might happen after then-Fed Chairman Ben S. Bernanke announced an indefinite program of $40 billion per month in asset purchases in September 2012. But on Wednesday the Fed released minutes of its internal discussions showing that the central bank, under new chair Janet L. Yellen, plans to stop quantitative easing in October.
Blogs
WSJ | Fed’s Evans: Inflation Over 2% Not Necessarily a Catastrophe
Federal Reserve Bank of Chicago President Charles Evans said Friday it’s pretty unlikely the economy will suddenly grow fast enough to drive him to move forward his expected timing of the central bank’s first interest rate increase.
WSJ | Rate Debate Heats Up Among Fed Officials
A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S. job market, potentially signaling a broader discussion that could change the rate outlook.
