Quantcast
Channel: Federal funds rate
Browsing all 42 articles
Browse latest View live

Image may be NSFW.
Clik here to view.

Snow day: Bernanke releases comments on exit strategy

Today, Chairman Bernanke was scheduled to testify before the House Financial Services Committee on the Federal Reserve's strategy for exiting all the new extraordinary lending and monetary policies....

View Article



Image may be NSFW.
Clik here to view.

Charles Plosser's Keynote Speech at the SOMC Symposium

Click here for a printer-friendly version of Professor Plosser's remarks.EXITShadow Open Market CommitteeMarch 25, 2011New York, New YorkCharles I. PlosserPresident and Chief Executive OfficerFederal...

View Article

Image may be NSFW.
Clik here to view.

The Fed's Forward Guidance and Forecasting Inconsistencies

The Fed’s effort to manage market expectations and aggregate demand through forward guidance may generate as many inconsistencies and misinterpretations as benefits, particularly as the Fed constantly...

View Article

Image may be NSFW.
Clik here to view.

Fed Holds 92% of Bank Cash, Pushes Bank Reserves to 25% of Deposits

We think U.S. and global growth prospects are deteriorating under the weight of bad monetary policy, making equities vulnerable until policies improve. Today’s PPI declined 0.2% month-over-month for...

View Article

Image may be NSFW.
Clik here to view.

Why It Matters Whether the Fed Targets Inflation or Unemployment

Today, more than four full years since analysts at the National Bureau of Economic Research declared the last recession officially over, unemployment, at 7.3 percent, remains elevated. The jobless rate...

View Article


Image may be NSFW.
Clik here to view.

Fed Should Cut Interest on Reserves

According to the minutes of their late-October meeting, Federal Open Market Committee members discussed the possibility of lowering the interest rate the Fed pays on reserves held on deposit by...

View Article

Image may be NSFW.
Clik here to view.

Some Post-Tapering Announcement Observations

In one sense, the Federal Reserve’s tapering announcement last week is no big deal: the Fed will continue its massive quantitative easing (QE), and cutting back asset purchases by $10 billion per month...

View Article

Image may be NSFW.
Clik here to view.

If Possible, Fed Forecasts Are Worse Than Its Policies

One might think that the qualification to become a governor of the Federal Reserve Board is to be an eminent economist. But the real qualification is a professional optimist. Here's why.The FOMC...

View Article


Image may be NSFW.
Clik here to view.

Rising Long-Term Interest Rates: What Do They Mean?

Long-term interest rates rose noticeably in the last two months of 2013, with the yield on the 10-year U.S. Treasury note moving back above 3 percent during the year’s final trading sessions. What...

View Article


Image may be NSFW.
Clik here to view.

Fed Normalization Possible; Non-Banks Adding Liquidity

Wednesday’s Wall Street Journal front page has an article on non-bank lending to traditional banking areas. “He figured a bank would put him through weeks of aggravation, then reject him. He turned...

View Article

Image may be NSFW.
Clik here to view.

Fed Briefly Doubles Its Borrowings Through Reverse Repos; Good Step

The Federal Reserve is building the tools it will need to exit from its extraordinary monetary policy. Just as the market was against the Fed tapering, it will worry periodically about rate hikes, but...

View Article

Image may be NSFW.
Clik here to view.

The Fed at 6 1/2 Percent Unemployment

The unemployment rate has fallen to 6.7 percent. January’s employment situation, to be released next Friday, may show an unemployment rate of 6 1/2 percent or lower—the Federal Reserve’s stated...

View Article

Image may be NSFW.
Clik here to view.

Yellen Fails to Change Fed’s Tune in First Testimony

Earlier today, Janet Yellen gave her first Congressional testimony as chair of the Federal Reserve Board of Governors. Chair Yellen offered no surprises and implied the Fed will mostly remain on its...

View Article


Image may be NSFW.
Clik here to view.

Reconfiguring the Fed’s Forward Guidance

The Federal Open Market Committee has an explicit, two percent U.S. inflation target. That announcement, made in January 2012, promises that the monetary policy mistakes of the 1970s will never be...

View Article

Achieving Normalcy in Monetary Policy

Economic performance continues to improve and in most regards has moved close to normal, but the Federal Reserve’s monetary policy remains far from normal. As the Fed tapers its asset purchases, it...

View Article


Image may be NSFW.
Clik here to view.

The Fed: Extraordinary Measures in Ordinary Times

Economic performance continues to improve and move toward normal, while the Fed’s monetary policy is far from normal. The economy is in its fifth year of expansion, the unemployment rate has fallen...

View Article

Image may be NSFW.
Clik here to view.

How the Fed is Hurting Seniors

Seniors, wake up and call Janet Yellen. With an increase in interest rates next year, as Chair Yellen implied in her press conference on Wednesday, she can restore your savings accounts to relevance....

View Article


Image may be NSFW.
Clik here to view.

6 Dubious Yellenisms from the Fed Chair’s Testimony

Federal Reserve Chair Janet Yellen did a masterful job navigating the political shoals of the Joint Economic Committee yesterday. She told liberal Vermont Sen. Bernie Sanders (I-VT) that she shared his...

View Article

Image may be NSFW.
Clik here to view.

America Is Being Damaged By Low Rates, Weak Dollar

Five years after the beginning of the economic recovery, after rock-bottom interest rates and trillions of dollars of quantitative easing by the Federal Reserve, the economy is growing about 2%.No...

View Article

Image may be NSFW.
Clik here to view.

Money Still Matters

It’s strange: For many years, the Federal Reserve has conducted monetary policy with little if any reference to the money supply. Fed officials never mention M1 or M2 anymore, and analysts in academia...

View Article
Browsing all 42 articles
Browse latest View live




Latest Images