Monthly Archives: December 2013
3 Leftovers from Wednesday’s FOMC Meeting
Here are a few moments from Wednesday’s FOMC press conference that stuck in our heads, all from Ben Bernanke’s comments in his last Q&A as Fed chair:
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Tagged Ben Bernanke, financial instability, FOMC governors, FOMC press conference, Janet Yellen
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“Pot Calling the Kettle Black” Classic: Fed Researchers Slam Dishonest Economists
An economist recently recommended that I read a paper by three Fed researchers titled: “Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis.” It was presented at a major conference last … Continue reading
If You Don’t Trust the Fed, Here’s an Inside View That Confirms Your Worst Suspicions
Earlier this year the notion that the Fed might modestly taper its purchases drove significant upheaval across financial markets. This episode should engender humility on all sides. It should also correct the misimpression that QE is anything other than an … Continue reading
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Tagged CFA Institute, David Hume, Detlev Schlichter, FOMC, Kevin Warsh, Paper Money Collapse, QE, Richard Fisher, Upton Sinclair, William Poole
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Your Guide to December’s FOMC Meeting: Breaking Down the Participants
In “Why the Fed Won’t Taper in December,” we pretended to write the first paragraph of the Federal Open Market Committee’s (FOMC) statement for next week’s meeting. By thinking about the likely mix of upgrades and downgrades to its assessment … Continue reading
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Tagged Ben Bernanke, Bill Dudley, Charles Evans, Charles Plosser, Daniel Tarullo, Dennis Lockhart, Eric Rosengren, Esther George, James Bullard, Janet Yellen, Jeffrey Lacker, Jeremy Stein, Jerome Powell, John Williams, Narayana Kocherlakota, Richard Fisher, Sandra Pianalto, taper, taper pause
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Why the Fed Won’t Taper in December
Post-mortem: After this article appeared on Zero Hedge, reader Rimon commented: September taper was coming as of June meeting and the main reasons it didn’t happen were a) dramatic tightening in financial conditions (front end sell off), b) sharp slowdown in … Continue reading
In 4 Short Weeks, the Administration Claims Private Sector Effectiveness
As we noted last month, President Obama sat down for an interview with Chuck Todd on November 7 and said: You know, one of the lessons — learned from this whole process on the website — is that probably the … Continue reading
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Tagged Andrew Welters, Bloomberg, CGI Federal, Chuck Todd, HHS, Jeffrey Zientz, Karen Sebelius, Keith Alexander, Michelle Obama, Monty Pelerin, Newsweek, Obamacare, QSSI, Sunlight Foundation, Toni Townes-Whitley, Tyler Durden, UnitedHealth, Washington Post
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