Fed’s Concerns
Wall Street traders, especially during the last couple of weeks, have voiced doubts about the Fed’s intentions. On the one hand, they note how the minutes of the last Fed […]
Tag Archives: monetary policy
The Fed’s New Normal
Early this month, a Federal Reserve (Fed) release prompted a sudden market selloff. The morning of April 5 started with considerable investor enthusiasm about indicators from payroll manager ADP. These suggested […]
A Question of New Tools for Central Bankers
All the talk about new monetary policy tools cuts two ways. On the positive side, it supports the ever-present desire to foster confidence. Central banks will also need new ways […]
The Great monetary Debate
Media seems ever infatuated with the Federal Reserve (Fed), or rather its policy-making arm, the Federal Reserve Open Market Committee (FOMC). This intense attention stands to reason. Monetary policy at […]
Say What, Janet?
The Federal Reserve (Fed) is beginning to look silly. Not too many weeks ago, its spokespeople, including Fed Chair Janet Yellen, suggested that the economy was resilient enough to warrant […]
Fed Debriefing Gives a Glimpse of Future Policy
The research staff at the Federal Reserve (Fed), always active, produced a standout report earlier this year.[i] It amounts to a debriefing on the effectiveness of the extraordinary policy measures […]
A Delicate Balance
It might remind some of a choreographed duel in a stage play. The Federal Reserve (Fed) and the European Central Bank (ECB) are carefully playing off each other’s moves. The […]
Labor participation and Monetary Policy
It presents a policy and a forecasting problem of considerable moment. Americans have become less inclined to work these days, especially since the great recession of 2008-09. The so-called participation […]
Impotent Titans
Pity the central bankers. The media from time to time may characterize them as the all-powerful shapers of economic destiny, but in reality they have only the bluntest of policy […]
Housing Prospects When the Fed Moves
The prospect of Federal Reserve (Fed) rate hikes has brought out much concern about the durability of the housing recovery. It is understandable. Any increase in rates threatens to raise […]
Thirty Tomorrows 