Dec 18 Inside the Sanctum: How the Fed’s Open Market Committee Decides What To Do By Simone Pathe In March of 1994, Paul Solman simulated a meeting of the Fed’s inner sanctum, the Open Market Committee, with former Fed members. The segment aired on March 23. The day before, the FOMC voted to raise short-term interest rates for… Continue reading
Dec 18 Why the Fed’s low interest rates are driving dollars abroad // Ahead of Wednesday's Federal Open Market Committee announcement about whether the Fed will taper its monetary stimulus program, Making Sense interviewed former Fed economist Catherine Mann, now at the Brandeis International Business School. She doesn't think the Fed will… Continue reading
Dec 18 Why the Fed’s Low Interest Rates Are Driving Dollars Abroad Ahead of Wednesday’s Federal Open Market Committee announcement about whether the Fed will taper its monetary stimulus program, Making Sense interviewed former Fed economist Catherine Mann, now at the Brandeis International Business School. She doesn’t think the Fed will begin… Continue reading
Dec 17 Not whether to taper, but how: Does the Fed worry more about stocks or housing? Tuesday was the first day of meetings of the Fed's Open Market Committee -- the body tasked with deciding if and when to taper, or lower, the Fed's purchase of Treasury bonds and mortgage-backed securities. Making Sense explored the tapering… Continue reading
Dec 17 Not Whether to Taper, but How: Does the Fed Worry More About Stocks or Housing? By Catherine Mann // Tuesday was the first day of meetings of the Fed's Open Market Committee -- the body tasked with deciding if and when to taper, or lower, the Fed's purchase of Treasury bonds and mortgage-backed securities. Making… Continue reading
Dec 16 Watch To taper stimulus efforts? Examining the Fed’s role in the economic recovery To taper stimulus efforts? Examining the Fed's role in the economic recovery… Continue watching
Dec 16 What would Bob Shiller do if he, not his ‘sister-in-law,’ chaired the Fed? How would Nobel laureate Bob Shiller approach tapering? Photo courtesy of Flickr user Bengt Nyman. The Federal Reserve celebrated its centennial Monday, marking the 100th anniversary of the Federal Reserve Act, signed on Dec. 23, 1913. Former chairs of… Continue reading
Dec 16 What Would Bob Shiller Do If He, Not His ‘Sister-in-Law,’ Chaired the Fed? How would Nobel laureate Bob Shiller approach tapering? Photo courtesy of Flickr user Bengt Nyman. The Federal Reserve celebrated its centennial Monday, marking the 100th anniversary of the Federal Reserve Act, signed on Dec. 23, 1913. Former chairs of… Continue reading
Dec 16 Amazon workers in Germany strike during peak holiday sales period Over 1,000 German workers for Amazon.com went on strike Monday over a dispute about pay and conditions, Reuters reports. Continue reading
Dec 16 Ask Larry: I learn something about Social Security’s arcane provisions every day By Laurence Kotlikoff While, under certain circumstances, you can receive all of your suspended retirement benefits in one lump sum, it's not necessarily a good idea if you've got survivors to think about. Photo courtesy of Flickr user dumbeast. Continue reading