Dec 17 Watch 7:35 News Wrap: USAID chief announces resignation By PBS News Hour In our news wrap Wednesday, USAID administrator Rajiv Shah announced he’s stepping down hours before the diplomatic deal with Cuba was announced. Shah had overseen the agency’s involvement in secret programs in Cuba. Also, Pakistan mourned and buried victims of… Continue watching
Dec 17 Federal Reserve expresses patience on rate raises By Simone Pathe The Federal Reserve turned financial commentators into would-be linguists Wednesday. The Open Market Committee did not raise interest rates, but it did alter the language used to describe its willingness to wait to raise rates. Continue reading
Dec 02 Watch 5:36 Cozy relationship between Fed and big banks draws scrutiny By PBS News Hour While monitoring Goldman Sachs, New York Federal Reserve supervisor Carmen Segarra made secret recordings that suggested the Fed was too soft on the big bank. She was fired a few months later, for reasons the Fed claimed were unrelated. Judy… Continue watching
Nov 24 So you thought quantitative easing was over? Think again By Terry Burnham The Federal Reserve ended its bond buying program, known as quantitative easing, at its latest policy meeting in October. But economist Terry Burnham isn't buying that. He sees a form of "stealth QE" continuing where the Fed buys even more… Continue reading
Nov 20 Taking selfies and talking inequality, has Janet Yellen gone too far? By Simone Pathe Federal Reserve Chair Janet Yellen hosted a rare meeting with community organizers and low-wage workers at the Fed Friday. And last month, she delivered a controversial speech on inequality and posed for selfies with the jobless. Like other Fed chairs… Continue reading
Nov 06 From Alan Greenspan to Justin Wolfers, economists consider the Fed's 'Dual Mandate' By Simone Pathe On the eve of the release of October's employment data, which will paint the first official portrait of the labor market since the Federal Reserve ended quantitative easing last week, Making Sen$e turns to top economists, many of them former… Continue reading
Nov 03 Why Paul Krugman thinks inflation fears are baloney By Paul Krugman There's no inflation threat to speak of right now, says Paul Krugman. In fact, deflation poses a bigger danger, he argues. And even if inflation should creep over the Fed's 2 percent target, Krugman is confident the Fed has the… Continue reading
Oct 31 If high inflation is not here yet, why should the Fed change course? By Charles Calomiris The Federal Reserve shouldn't be worried about inflation rising over the next six months, or even year, says conservative economist Charles Calomiris. But given how much quantitative easing bloated the central bank's balance sheet, when inflation does rise -- and… Continue reading
Oct 30 Paul Krugman on why Janet Yellen is the un-central banker By Paul Krugman Paul Krugman may not be pleased with the Fed's decision Wednesday to end their bond buying, but he is heartened by Janet Yellen's concern for the unemployed. Continue reading
Oct 29 Watch Why the Fed frets about both jobs and inflation By PBS News Hour After six years of financial stimulus to mitigate the fallout from the 2008 collapse, the Federal Reserve is ending its money creation programs. But the country is still in economic recovery and the role of the Federal Reserve is still… Continue watching