Ben Bernanke and the Washington Consensus
A few quick and somewhat scattered comments on Bernanke's speech today: Ben Bernanke and the Washington Consensus
Bernanke: Raise the Debt Ceiling
One more at MoneyWatch: Bernanke: Raise the Debt Ceiling It's a reaction to Bernanke's speech today discussing both budget deficits and the debt ceiling.
Grep Ip: Read This Speech, Then Sell the Dollar
Greg Ip at The Economist: Read this speech, then sell the dollar, The Economist: Ben Bernanke's speech on Tuesday got all the attention, but the speech later that day by Bill Dudley, head of the New York Fed, is more...
Bernanke’s Speech: How Does Quantitative Easing Work? Will It Work?
I agree with Brad DeLong's reaction to Ben Bernanke's speech: Ben Bernanke's Speech Was... Disappointing, by Brad DeLong: I am still surprised at the Fed Chair we have. Where is the Fed Chair who was willing to try to get...
"Bernanke Breaks Promise, Discusses Fiscal Issues"
CR is blunt: Bernanke breaks promise, discusses fiscal issues, by Calulated Risk: This speech isn't worth reading for substance (Ben Bernanke is clueless on budget issues), but it reveals something about Bernanke. From Fed Chairman Ben Bernanke speaking at the...
"A Perspective on the Future of U.S. Monetary Policy"
Charles Evans, President of the Federal Reserve bank of Chicago: A Perspective on the Future of U.S. Monetary Policy, by Charles Evans, FRB Chicago: ...I think we face two key issues in the near and medium term. First, to what...
"Optimism…Pessimism…and a Bit of Perspective"
Dennis Lockhart, president of the Atlanta Fed, makes it clear that presently he sees no need for more stimulus -- a slow, plodding recovery like we had in the previous two recession is the best we can expect. If we're...
The Fed’s Wait and See Policy is a Mistake
My reaction to Bernanke's speech: The Fed’s Wait and See Policy is a Mistake What would you add?
Jaws are Dropping
Minnesota Fed President Narayana Kocherlakota recently argued that low interest rates will eventually cause inflation deflation (sorry for the typo, it's hard to write the wrong answer). I'm trying to understand why people at the Fed are so reluctant to...
“Prospects for Sustained Recovery and Employment Gains”
I'm encouraged that at least one Federal Reserve policymaker (though not a voting member of the FOMC) is linking increases in the target federal funds rate, i.e. moving away from a zero interest rate policy, to improvements in the labor...
Monetary Policy and Unemployment: Should the Fed have Done More?
Should the Fed have done more to combat the unemployment problem? In examining the costs and benefits of further easing, I have made almost all of the arguments against further easing by the Fed made below, i.e. that further easing...
