U.S. equities closed sharply higher on Wednesday as the Dow and S&P hit new record highs, while investors awaited a monetary policy announcement from the European Central Bank. The S&P 500 erased earlier losses to gain around 1.3 percent, with telecoms rallying around 2.4 percent to lead advancers. “This 2,219 level [on the S&P] was […]
The euro is climbing on Thursday, as European investors await the latest policy decisions from the European Central Bank. The ECB delivers its latest verdict on monetary policy at 12.45 p.m. GMT (7.45 a.m. ET), with a press conference from President Mario Draghi 45 minutes later. Show More Summary
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Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve's System Open Market Account (SOMA) portfolio. The post US: $0.400B CouponSale 2016-12-06 NYFed permanent open market operations was originally published at The Wall Street Examiner. Follow the money!
The Federal Reserve used extraordinary monetary policy measures to pull the US economy out of the Great Recession. As the Fed continues to return to normal, fiscal policy is set to step up in a big way. President-elect Donald Trump has...Show More Summary
Will policymakers at the Fed raise interest rates at their December meeting? Wall Street oddsmakers increasingly think they will. One simple chart shows why.The chart tracks the economy’s progress toward the central bank’s target ofShow More Summary
President-elect criticizes Beijing's monetary policies and action in South China Sea.
The European Commission has just called for a fiscal stance that is more supportive of the recovery and of monetary policy in the Eurozone. This column argues that the case is strong for spending now on investment and other targeted programmes supporting growth and employment. Show More Summary
Submitted by Jeff Deist via The Mises Institute, Coverage of central banks and monetary policy in popular financial media outlets like Bloomberg, Financial Times, Forbes, Wall Street Journal, and The Economist is almost uniformly bad. Show More Summary
The Mogambo Guru highlights and skewered the long-running black comedy that passes for monetary policy in this day and age and Why should you own gold. Read on... The post Zombies for Dinner was originally published at The Wall Street Examiner. Follow the money!
Steve Bannon, the strategic advisor to Donald Trump, who in recent days has drawn intense criticism from civil rights groups and Congressmen, is a fan of extreme monetary policy. In a profile in The Hollywood Reporter, Bannon said that...Show More Summary
The ‘dot plots’ that the Federal Open Market Committee has been publishing since 2012 have attracted a great deal of attention, but are difficult to interpret because changes in them reflect a combination of new information and changes in the projections horizon. Show More Summary
As the country tries to parse out its economic future under President-elect Donald Trump, one of the many areas of interest has been the Federal Reserve and monetary policy. Wall Street analysts wondered whether the election of Donald...Show More Summary
The Bank of England's Governor Mark Carney defended the central bank against accusations from MPs that it, as well as others, are fuelling growing inequality due to their monetary policy actions. The bank's governor said politiciansShow More Summary
In theory, financial globalisation has ambiguous effects on monetary policy. It may dampen effectiveness, but it may also amplify it through exchange rate valuation effects. This column shows evidence that the latter effect has dominated since the 1990s. Show More Summary
Here’s Noah Smith at Bloomberg: Japan’s great monetary policy experiment is drawing to a close, and the results may change the way the world thinks about central banking. The Bank of Japan’s recent quarterly report says, in effect, that the central bank has done all it can do to raise growth and inflation, and that […]
(November 10, 2016 05:59 PM, by Scott Sumner) It's difficult to know what Trump will do about monetary policy, or any other issue for that matter. Lars Christensen has suggested that inflation expectations are rising due to the perception that Trump will do massive infrastructure spending. (And a... (0 COMMENTS)
After an initial wobble, the markets have stabilized as two themes emerge: reflation and the spread of populism. The shift away from monetary policy towards fiscal policy had already begun, and both US presidential candidates...
A recent report by the German Council of Economic Experts argues that the current monetary policy of the ECB is no longer appropriate and is masking structural problems in Eurozone countries. The November 2016 Centre for Macroeconomics and CEPR expert survey invited views on the report. Show More Summary
Back in September I was part of the Monetary Policy Rules for a Post-Crisis World conference. It was jointly hosted by the Mercatus Center and the Cato Institute. There were many interesting presentations from folks like David Laidler, Perry Merhling, Robert Hetzel, Miles Kimball, Peter Ireland, John Taylor, and Scott Sumner. Show More Summary