Wednesday, July 23, 2014


Bloomberg | Jobs Hold Sway Over Yellen and Carney as Central Banks Splinter 
That’s the signal from policy makers worldwide, as even those whose mandates focus on inflation put the health of labor markets at the heart of their decision making. The approach leaves investors bracing for global monetary policies to diverge after the post-crisis embrace of easy money.

WSJ | Fed Worries About Effects of Its New Interest Rate Tool on Markets
When the Federal Reserve started tests late last year of its so-called reverse repo facility, some officials hoped it would play a starring role in the campaign to raise interest rates when the time comes.