Thursday, August 21, 2014


Bloomberg | Fed’s George Says Job Gains Signal Rates Can Rise
Federal Reserve Bank of Kansas City President Esther George said she’s encouraged by broad-based employment gains that show the world’s largest economy is strong enough to withstand higher interest rates.

Econ Comments & Analysis                                                                                            
Politico Magazine | Stop Depending on the Fed
America's slow average rate of economic growth is double trouble, as Federal Reserve Vice Chairman Stanley Fischer recently pointed out.
The Heritage Foundation | The Fed’s Failure as a Lender of Last Resort: What to Do About It
The Federal Reserve’s actions during the 2008 financial crisis have rekindled interest in the Fed’s role as a lender of last resort. A lender of last resort (LLR) is supposed to provide credit when funds are not available from any other source.
CNBC | Five reasons the Fed should raise rates now
Forty-seven consecutive Federal Reserve Open Market Committee meetings resulting in an overnight target rate of 0.00 percent to 0.25 percent. Sixty-seven months of short-term interest rates being at near-zero levels.