After years of holding interest rates at a near-zero level, the Federal Reserve has entered a new phase of confidence in the “robustness of the economy and its resilience to shocks,” according to Fed Chair Janet Yellen. Jeffrey Brown takes a closer look at what the Fed is seeing with David Wessel of the Brookings Institution. Continue reading
Money manager turned country crooner Merle Hazard has made a name for himself singing about fiscal policy. His latest tune considers whether the Federal Reserve will raise interest rates — and according to one of the world’s leading investment experts, it’s brilliant, especially since the nation’s economic future hinges on the central bank’s decision. Economics correspondent Paul Solman reports.
The world’s financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt. Continue reading
The “experts” all seem to be on the side of the status quo. Why can’t we hear from people inside the industry who really want to reform it?
Question/Comment: With all the discussion of the mortgage crisis, there is still hardly any mention of actually cleaning up the mortgage industry. The “experts” all seem to be on the side of the status quo, but maybe this is contributing … Continue reading