News
Bloomberg | Dollar Posting Best Month in More Than a Year
The dollar posted its biggest monthly gain in more than a year as unemployment claims fell to the lowest since 2006 before a jobs report forecast to show a sixth month of 200,000-plus gains.
Econ Comments & Analysis
AEI | Dodd-Frank doesn't end 'too big to fail'
The Dodd-Frank Act was supposed to end investors’ perception that the largest financial firms are “too big to fail” (TBTF) and remove the risk that a large institutional failure could create financial instability unless the government protected investors from loss. Four years on, Dodd-Frank has imposed huge regulatory burdens that are sapping economic growth, but it has not ended TBTF or the possibility of taxpayer bailouts.
Blogs
Market Watch | Fed statement provides fodder for hawks and doves
Federal Reserve Chairwoman Janet Yellen is an equal opportunity central banker. The statement she crafted containing gifts for both hawks and doves.
WSJ | Economists React to the FOMC Statement: ‘Mixed Messages’
The Federal Reserve said Wednesday it would scale back its monthly bond purchases to $25 billion and offered a modestly more upbeat assessment of the inflation, jobs and the economy. Economists largely said the announcement came in as expected, but that subtle changes indicate Fed officials see general improvement in the U.S. economy.
