Thursday, February 12, 2015


Wall Street Journal | A Fed Insider Calls for Reform
Richard Fisher, President of the Federal Reserve Bank of Dallas, believes “there’s too much power concentrated in the New York Fed.” And that goes as well for the Fed’s Washington headquarters. He’s calling for voting power at the central bank’s Federal Open Market Committee (FOMC), which sets interest rates, to be reallocated to recognize the rising population and economic power of the South and the West.

Econ Comments & Analysis                                                                                            
Pimco | The International Ramifications of ECB QE
Beginning in March 2015, the ECB will purchase €60 billion worth of bonds per month until September 2016, implying a total of €1.14 trillion in asset purchases across eurozone government and agency bonds, covered bonds and asset-backed securities (ABS).

Wall Street Journal | Grand Central: More Disturbing Findings Emerge on U.S. Productivity Path
San Francisco Fed researcher John Fernald is producing disturbing results in research on the path of U.S. productivity growth.