monetary policy

Highlights The US dollar is trading narrowly mixed against most of the major currencies ahead of the FOMC meeting. The euro’s recovery, after disappointing price action late Friday and yesterday, has brought it back to within striking…

Unlike Mr. Market who seem to be in full risk-on mode at the moment I am a bit handicapped on account of an awfully slow internet connection which is why posting is unusually slim at the moment. Another part of the market which seems to be…

Highlights The US dollar is mostly lower, surrendering some of its pre-weekend gains, against most of the major currencies. Sterling is the notable exception. It is heavy in the wake of a drop Righmove’s house price index, for the third…

As is often the case, the genesis of this post is a conversation initiated by Edward (Harrison) on the question of why we aren’t using monetary policy to stimulate aggregate demand. That question was posed here by Tyler Cowen at Marginal…

Highlights The US dollar is mostly softer, but consistent with this week’s developments, the Japanese yen and Swiss franc are laggards. Additional intervention was not seen and the dollar has held above the JPY85.50. Japanese exporters…

The following is a post by James K. Galbraith as originally published this Monday at the New America Foundation's website. In July 2008, in a memorandum for the Obama campaign team and later published in Challenge,  I wrote as…

The two key events of the day are passing with little fanfare. The weekly initial jobless claims in the US slipped and sufficiently so as to bring down the 4-week moving average for the first time in a little over a month, but remain too…

BBH CurrencyView Highlights The US dollar is mostly softer, though within yesterday’s ranges as market participants await the ECB’s press conference and US economic data. Sterling is under-performing perhaps being impacted by the softer…

Helicopter drops oftwominds: What If We Ditched Quantitative Easing and Just Printed (and Distributed) Cash? A helicopter drop for the US Treasury | vox The Usual Fare BBC News - Anglo Irish Bank in £6.4bn loss Older people…

Bill White, formerly of the BIS and now with the OECD spoke to Bloomberg News during the KC Fed's annual meeting in Jackson Hole, WY. He gave some rather pointed answers to questions about the Federal Reserve's monetary policy. I reviewed…