Federal Reserve Officials Divided Over Continuing Bond Purchases
Some say keeping rates artificially low, indefinitely, is a bad idea
Some say keeping rates artificially low, indefinitely, is a bad idea
Bloomberg's recently (and quite rightly) christened "Forbes 30 Under 30" superstar Josh Barro is inside my head. Or at least that's what the title of his recent post for The Ticker implies. But since he kindly didn't dig deeper in exploring the depths of our depraved "Hard-Money Advocate" Brains, let me clear up a few things.
Thinks the Fed might be going too far
The European Stability Mechanism is worth $653 billion
Foreign lenders must approve austerity measures for the rescue package to be granted
Sanctions have been blamed for the crashing rial
1.3 percent growth lower than the 1.7 percent that was predicted
Urged policy makers to hold interest rates near zero until the unemployment rate falls to 7 percent or inflation rises to 3 percent.
New budget expected to set the stage for access to rescue fund
Who wouldn't want to put money into a bailout fund for bankrupt countries worth hundreds of billions of euros?
So, tell us what you really think, Mr. former Federal Reserve chairman
The country's finance minister sees the U.S. artificially weakening the dollar, hurting other economies
Will keep program going until unemployment hits 7 percent
"The Fed's only solution for every problem is to print more money and provide more liquidity."
Recovered history from the Depression.
Fed Chairman is to give a speech to other central bankers in Wyoming later this week
The bank claims most Britons are better off because of fiscal activism
From a long-term perspective, the Federal Reserve is doing more harm than good right now to economic stability.
Once-a-month quotes from the Obama administration and the media about how the economy will be booming any minute now.