Wednesday, October 22, 2014


Econ Comments & Analysis                                                                                            
Market Watch | The world’s best market timers: the Federal Reserve
Things were looking grim last week, especially on Wednesday, when the Dow Jones Industrial Average was at one point down by 460.
Real Clear Markets | Sorry William Dudley, Regulation Itself Is the Culture Killer
The Federal Reserve's talking heads have been hard at work over the last week. They have tackled issues ranging from early childhood education, to the Fed's "duty to advance the maximum well-being of all citizens," to regulatory compliance by financial firms. The Fed's musings on topics far outside of its mandate seem odd for an institution that has a lot more thinking to do about-just to throw out a crazy suggestion-monetary policy. But the Fed's regulatory mandate is also large, so its reflections on compliance are worth a closer look.