Topic: Central Banking

“Fed Adopts Political Tactics on Critics”

– November 23, 2010

“Faced with unusually sharp ideological attacks after its latest bid to stimulate the economy, the Federal Reserve now faces a challenge far removed from the conduct of monetary policy: how to defend itself in a hyperpartisan environment without becomi …

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“Brazil Economists See Faster Inflation in 2010, 2011”

– November 22, 2010

“Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target. Consumer prices will rise 5.58 percent this year and 5.15 percent in 2011 …

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“The Federal Reserve to report this week they are slashing growth projections”

– November 22, 2010

“The Fed has access to some of the best economists and analysts in the world, yet they still cannot make correct determinations on the state of the economy. In 2008, they continuously said we weren’t in a recession, and there would be no recession. The …

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“Central Bankers Give In, And Discuss the Dollar”

– November 22, 2010

““It’s hard to make a strong case” the Fed’s bond-buying program can now aid the economy through lowering rates, said Stephen Stanley, chief economist with Pierpont Securities. He said that leaves the Fed relying on the “secondary mechanisms” of moneta …

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“Bernanke on Perilous Ground for Fed Chairman” – NPR

– November 20, 2010

“Federal Reserve Chairman Ben Bernanke is taking some highly unusual steps to counter widespread opposition to his $600 billion plan to jump-start the economy. He’s pressing China to let its currency rise and pushing Congress to pass more stimulus aid. …

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“Should the Fed Worry About Unemployment?”

– November 20, 2010

“One of the things most people don’t realize when they watch the Federal Reserve move the levers of U.S. monetary policy is that its leaders actually wear two hats. The Fed’s marching orders from Congress are to “promote effectively the goals of maximu …

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“What’s the Bigger Worry: Inflation or Deflation?”

– November 19, 2010

“If you get $1,000 per month in pension income that is not adjusted each year for inflation, then it will buy you $1000 worth of goods in 25 years assuming no inflation. But, at 2 per cent for 25 years, which is pretty much what we are getting now, the …

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“Bernanke Makes Case to Senators”

– November 18, 2010

“Federal Reserve Chairman Ben Bernanke defended the central bank’s plan to buy government bonds during a private gathering with U.S. senators, responding to several days of attacks from Republicans who say the Fed is causing inflation and weakening the …

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“Lawmakers seek to change Fed mission”

– November 17, 2010

“Two influential Republican lawmakers called Tuesday for a fundamental remaking of the Federal Reserve’s mission, arguing that the central bank should stop trying to reduce unemployment and instead focus solely on keeping inflation low. The proposal by …

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“Fresh Attacks on Fed Move”

– November 17, 2010

“A group of prominent Republican-leaning economists, coordinating with Republican lawmakers and political strategists, is launching a campaign this week calling on Fed Chairman Ben Bernanke to drop his plan to buy $600 billion in additional U.S. Treasu …

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“Fed’s Plosser Says Understanding Crisis May Take 50 Years”

– November 17, 2010

““It will be at least 50 years before we really understand very well what happened in 2008-2009, and we will be interpreting for another 50 years as to whether the Federal Reserve undertook the right policies or the wrong policies,” Plosser said today …

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“Ireland Crises Could Cause EU Collapse”

– November 16, 2010

“The president of the European Union has warned that the EU could collapse unless the debt crisis that is gripping the region is resolved. Herman Van Rompuy, president of the European Council, raised the stakes ahead of this evening’s showdown talks be …

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