Monday, September 29, 2014


CNN Money | Elizabeth Warren wants to probe if Fed is too close to big banks
Sen. Elizabeth Warren wants Congress to look into allegations the New York Federal Reserve blocked one of its own from criticizing Goldman Sachs.
Bloomberg | Yellen Takes the Good Greenspan, Leaves the Bad
The Federal Reserve chair and her colleagues signaled this month they would be willing to push unemployment below its so-called natural rate -- a feat Greenspan as chairman managed in the late 1990s without fanning much inflation.

Econ Comments & Analysis                                                                                            
WSJ | When Central Bankers Become Central Planners
Macroprudential regulation is not likely to prevent asset bubbles. But credit allocation will depress growth.
Market Watch | Fed's Evans sees 'quite some time' before first rate hike
The Fed will likely need to keep interest rates low beyond next summer until it is sure the economy could sustain momentum with less support, said Charles Evans, the president of the Chicago Fed, on Monday.

WSJ: Real Time Economics | Key Inflation Reading Slips Further Below Fed’s 2% Target
The price index for personal consumption expenditures—the Fed’s preferred inflation measure—advanced just 1.5% in August from a year earlier, the Commerce Department said Monday. August was the 28th straight month the inflation reading undershot the Fed target.