monetary policy

"Global imbalances are a shared responsibility. The world is dead wrong to blame it on China." That's how Morgan Stanley's Stephen Roach began his interview with CNBC Asia. I agree 100% with these sentiments as I discussed in…

This is a quote from a speech Federal Reserve Board Vice Chair Janet Yellen gave yesterday at the Annual Meeting of the National Association for Business Economics in Denver, Colorado (emphasis added): I noted previously--and it is now…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009). The Honorable Scott Brown United States Senate 317 Russell…

Wouldn't it marvellous if the Fed could get the positive effects of quantitative easing on asset prices without actually having to ease? This whole debate about QE in the United States has been driving asset markets higher (both bonds and…

Here is something interesting.  The Chinese have reversed policy on diversification into the yen. It was my assumption that the Japanese government's objections would be acknowledged by the Chinese and that they were not the most…

Morgan Stanley has an interesting piece out today, arguing there is  no 'currency war'... yet. Win Thin made some points on this score yesterday, pointing to real effective exchange rates in developing countries. Morgan Stanley's Manoj…

by Comstock Partners On Tuesday the market soared on the grounds that global efforts to engage in another round of monetary ease and devalue currencies would boost economies around the world. We think that the market's initial reaction is…

(video embedded below)     See Stiglitz's written remarks here: Source: Joseph Stiglitz - The Federal Reserve’s Relevance Test - Project Syndicate

Stephanie Pomboy, president of Macromavens LLC (and a college classmate of mine), talked to Pimm Fox on Bloomberg TV's "Taking Stock" about the Federal Reserve's efforts to boost the U.S. economy by lowering interest rates and…

As a result of the Federal Reserve's next round of quantitative easing, Goldman Sachs is predicting a sharp slump in the US dollar's value against other major currencies. In particular, the dollar is expected to weaken to $1.79 against the…