For the blogosphere, the most entertaining part of the Federal Reserve's meeting today was Ben Bernanke's defence during the press conference against Paul Krugman’s charge that he has betrayed his academic past in his failure to ease more aggressively and aim for higher inflation. That is a pity because while it was great theater, it obscured a more important revelation.
We're already excited for next week. On April 24-25, the Federal Reserve is holding its next meeting, and at the end Ben Bernanke will be giving a press conference. Nobody expects any more easing to be decided or announced at the me... Read Post
This past Sunday, Paul Krugman penned a screed in the New York Times Magazine (entitled, somewhat unflatteringly in my opinion, “Earth to Ben Bernanke”) that expanded on the content of an ongoing debate in the economics blogosphere ... Read Post
The Federal Reserve just unveiled historic policy measures as a result of its December policy meeting. At 2:15 PM ET, Fed Chairman Ben Bernanke will begin a press conference explaining the decision. We will be covering Bernanke's co... Read Post