What can Eeyore and Tigger tell us about the current state of monetary policy? A lot. At least that’s the argument that Betsey Stevenson and I make in our new column for Bloomberg View. The Fed is now engaged in the game of “forward guidance”—they’ve announced that they anticipate keeping interest rates at zero, until late 2014—and hope that it will shape the recovery.
Stocks finished in the red on Wednesday after an ugly last hour of trade that saw the average go from roughly unchanged to lows of the day. The big event on Wednesday was the Fed's latest monetary policy statement, that saw the Fed ... Read Post
The Federal Reserve's Federal Open Market Committee is set to announce its latest policy monetary decision at 2:00 pm ET. Expectations are for, well, not much. The Fed is expected to keep interest rates pegged at 0%-0.25%, and Wall ... Read Post
Just out: Text of a new Bernanke speech with the title "Five Questions about the Federal Reserve and Monetary Policy.": Via Bloomberg is this headline: BERNANKE SAYS FED TO KEEP RATES LOW AFTER ECONOMY STRENGTHENS. Here's the text: ... Read Post