Thursday, January 15, 2015


Econ Comments & Analysis                                                                                            
Wall Street Journal | The Fed Cash Machine
The Obama Administration has been a stalwart supporter of the Federal Reserve’s bond purchases, and one underreported reason appeared in a Fed press release on Friday: The central bank has become a huge money-maker for the Treasury.

Wall Street Journal | Falling 10-Year Yield Raises Doubts About Fed 2% Goal
Federal Reserve officials have said they would raise short-term interest rates in the months ahead even if inflation remains below their 2% objective, as long as they are “reasonably confident” it is heading toward that goal. You can count Federal Reserve Bank of Boston President Eric Rosengren as not at all confident at this point in time.