Ben Bernanke:
Macro and Other Market Musings: Monetary Policy Quote of the Day: The Federal Reserve has not followed the suggestion of some that it pursue a monetary policy strategy aimed at pushing up longer-run inflation expectations. In theory, such an approach could reduce real interest rates and so [...]
Once again, the Federal Reserve Open Market Committee has announced its intention to continue to artificially keeping interest rates "exceptionally low" for a "extended period."
Missed in virtually all the commentaries is the key question: Should a central bank try to manipulate interest rates? Lost in all the debate [...]
Sudeep Reddy:
Sen. Vitter Presents End-of-Term Exam For Bernanke: Earlier this month, Real Time Economics presented questions from several economists for the confirmation hearing of Federal Reserve Chairman Ben Bernanke. Many of the questions were addressed at the hearing, though not always directly. Sen. David Vitter (R., La.) submitted [...]
I FEAR that I am exhausting readers' patience with my continued writing about the Federal Reserve's decision to ignore, more or less, the fact [...]
In the post below, we detailed Treasury purchases from the Federal Reserve’s Q3 2009 Flow of Funds report. Our conclusion is that the buyer comes from the “plug category” of households which bought $167.96 billion. We are not sure who the real buyer is, but it [...]
This evening at 7pm ET:This evening at 7pm ET:
Criticizing the Fed chairman for a lack of prescience is like criticizing a dog for an inability to recite the alphabet. When something is physiologically and economically impossible, why bother? FULL ARTICLE by Stephen Mauzy
[...]Why do Americans owe less money this year?
Floyd Norris zeros in one one of the factors: Banks writing down uncollectable debts:
“Figures released this week by the Federal Reserve showed that Americans owed $10.8 trillion on home mortgages at the end of the third quarter, down 2.2 percent from a [...]
TODAY'S recommended economics writing:
• I believe that this means that the push to get the Federal Reserve to do more [...]
The FRED database at the St.Louis Federal Reserve is an indispensable tool for quickly finding macro data and generating graphs. Now a FRED gadget is available which automatically updates graphs every time you visit your home page. If you have an iGoogle account just click on add [...]
Just saying...
This, from Ben Bernanke yesterday, was unprofessional:
Silla Brush: Federal Reserve Chairman Ben Bernanke on Thursday threw cold water on efforts to push a major new fiscal stimulus package. At his confirmation hearing for a second term as chairman, Bernanke emphasized that the government has spent less than [...]
THE Federal Reserve by law is supposed to strive for stable prices and full employment. It has had great success on the [...]
With a groundswell of public opinion against the Federal Reserve in general and Ben Bernanke in particular, Sen. Jim Bunning (R-KY) takes something of a victory lap for having been the only committee member to oppose Bernanke’s nomination four years ago.
Bunning’s prepared statement at today’s confirmation hearing from his [...]
The Wall Street Journal reports that Fed Chair Ben Bernanke and his colleagues now believe they may be able to control asset bubbles, reminding me of what Murray Rothbard wrote in The Case Against The Fed: "The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in" [...]
