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www.moneyandbanking.com | ||
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www.frbsf.org
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| | | | | The Federal Reserve has evolved since the "Great Inflation" of the 1970s. With new tools and a deeper understanding of the importance of transparency, it is better prepared to meet the dual mandate goals of price stability and full employment, even in challenging times. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to the Los Angeles World Affairs Council & Town Hall on February 23. | |
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www.clevelandfed.org
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| | | | | The recent global financial crisis left governments in many advanced countries with very heavy debt burdens and their central banks with huge portfolios of government bonds. With many central banks today still facing policy rates that are uncomfortably close to zero, some may follow the example of Japan, which recently added a new long-term interest-rate target to its short-term target to give itself "yield-curve control." The Federal Reserve's foray into similar territory around the Second World War sug... | |
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www.chrisritchie.org
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| | | | | Investing tidbits, inflation, and recent economics headlines. | |
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uneasymoney.com
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| | | Larry Summers continues to lead the charge for a quick, decisive tightening of monetary policy by the Federal Reserve to head off an inflationary surge that, he believes, is about to overtake us. Undoubtedly one of the most capable economists of his generation, Summers also had a long career as a policy maker at the... | ||
