Plosser: A Limited Central Bank
Below is a speech by Philadelphia Federal Reserve President Charles Plosser recommended a more circumscribed role for the Fed.
Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Tag
monetary policy
Summers: History will overwhelmingly approve QE
Below is a video interview Larry Summers conducted with Bloomberg Television. We provide the partial transcript without comment, courtesy of Bloomberg Television.
Bernanke/Yellen To Drive Stocks 30% Higher
That's right, despite all of the recent "bubble talk," it is entirely possible that stocks could rise 30% higher from here. However, it is not because valuations are cheap because as I discussed in my recent analysis of Q3 earnings stocks…
OECD suggests ECB consider non-conventional measures due to Eurozone deflation risks
As a follow-up to an earlier discussion on rising deflationary risks in the Eurozone (here), it seems that the OECD is now also growing concerned about this issue. The latest economic report is openly suggesting that the ECB consider…
Bullard pushes inflation floor threshold, says tapering on table for December
St. Louis Federal Reserve President, James Bullard, spoke to Bloomberg News Editor in Chief Matthew Winkler this morning at Bloomberg’s The Year Ahead 2014 conference in Chicago. What he said there confirmed my comments las week about the…
Thoughts on the coming forward guidance policy shift
As I have been intimating for the last few months, the United States is in the midst of a regime change in monetary policy. We are moving from quantitative easing to forward guidance as the main unconventional policy tool to guide Federal…
Monetary ease, Grantham on overvaluation and the bubble in bubbles
The macro debate today is about secular stagnation and the correct policy response to deal with it if it exists. With that backdrop, it is interesting to read Jeremy Grantham’s latest quarterly letter to investors, which sounds a word of…
The four forces now shaping the global investment climate
There are four main forces shaping the immediate investment climate and these remain essential unchanged: 1) Fed tapering not expected until late Q1 14. 2) ECB will likely take additional action to ease financial conditions and…
Larry Summers expects a long winter
After having been considered to head both the Federal Reserve and the Bank of Israel earlier this year, Lawrence Summers has been propelled back into the center of the broader economic dialogue with a speech at a recent IMF Economic Forum.…
Five years of QE and the distributional effects
As we approach the fifth anniversary of the start of the first quantitative easing program, some are asking the thorny question about the so-called "distributional effects" of these unprecedented programs. Who really benefited since the…