Thursday, September 18, 2014


Fox News | Federal Reserve balance sheet could return to normal at end of decade, Yellen says
Federal Reserve Chair Janet Yellen says "it could take until the end of the decade" to shrink the Fed's record investment portfolio to more normal levels.

Econ Comments & Analysis                                                                                            
Forbes | Quantitative Futility
Evidence is piling up that the Federal Reserve, which has been conducting a rules-free, 100% discretionary monetary policy for the past 13+ years, simply Does Not Know What It Is Doing.