News
Bloomberg | QE Should Only Be Emergency Tool, ECB Board Member Says
European Central Bank Executive Board member Sabine Lautenschlaeger said policy makers should only consider radical programs such as quantitative easing if the euro area is on the verge of deflation.
Bloomberg | ECB Summons Bankers for Catch-Up as Stress Test Looms
Europe’s lenders are running out of time to get their books in order before the European Central Bank passes judgment on them.
Blogs
WSJ | Grand Central: Yellen Didn’t Rule Out Monetary Policy to Combat Bubbles
Federal Reserve Chairwoman Janet Yellen caused a stir last week when she appeared to rule out raising interest rates to tame financial bubbles. But a close reading of her comments suggests she actually went to great lengths to leave her options open.
