Related Content: Federal Reserve
Fed Uneasy About Fueling Credit BubbleEssential Reads
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Machine-gun BernankeEssential Reads It is almost impossible to imagine the Federal Reserve, as currently constituted, acting more aggressively to speed up the economy than it did Thursday afternoon. After months of tinkering with monetary policy on the margins of an ongoing American jobs crisis, amid escalating cries that Ben Bernanke had run out of weapons to fight unemployment, the Fed has unleashed a full and sustained burst of monetary stimulus. |
What is the Fed Waiting For?Essential Reads It's best to think of the Federal Reserve today as a seventh-grade boy at a school dance, shuffling up to a girl, with all their friends watching. That music has a great beat, he says, and you sure do look like you enjoy dancing. She blinks expectantly. He opens his mouth. Then closes it, and walks away. |
Political Perceptions: Stepping Up to the CliffEssential Reads This is what fiscal paralysis looks like. The U.S. government, the White House projected last week, will run a deficit of $1.2 trillion or 7.8% of the gross domestic product in the fiscal year that ends Sept. 30. |
Fed Mulls Another Boost to Ailing EconomyEssential Reads The Federal Reserve doesn’t usually drop hints and then fail to follow through with them. Fed officials spent much of July hinting that a new batch of monetary stimulus is in the works, both in public speeches and bugs carefully placed in influential reporters’ ears. |
Fed: U.S. Banks Can Withstand Severe DownturnOn The Radar The Fed cleared the way for many of the nation's largest banks to raise dividends and buy back shares as it released the results of its latest round of "stress tests." Colin Barr and David Wessel have details on The News Hub. |
Can You Hear Me Now?On The Radar Japan holds the modern record for years spent with interest rates at zero; they were on the floor from 2001 to 2006. America is on track to break that record. Having cut its short-term rate to near zero in late 2008, the Federal Reserve said on January 25th it will probably stay there “at least through late 2014”, more than a year longer than its previous guidance. |
Obama to Name Two Fed Board NomineesOn The Radar President Obama plans to nominate a Harvard University finance professor and a former private-equity executive to fill the two vacancies on the seven-member Federal Reserve Board. |
One Nation OverdrawnOn The Radar In the frantic race to save the euro, many Europeans have sought inspiration from the United States, perhaps the most successful monetary union in history. Germany’s council of economic experts has proposed a debt “redemption pact” modelled on the American federal government’s assumption of state debts in 1790. To European federalists, America demonstrates that monetary union cannot survive without fiscal union. |
Drill, Drill Drill: Feds Lease Offshore Oil FieldsOn The Radar CNBC's Eamon Javers has the details on the federal government auctioning off land for oil drilling in New Orleans. |
