Fisher Storms on the Horizon Part 3 of 18
It is true, Bruce, that as you said in your introduction, I am one of the 17 people who participate in Federal Open Market Committee (FOMC) deliberations Forex Trading Explained and provide Ben Bernanke with conflicting counsel as the committee cobbles together a [...]
Challenges for Monetary Policy Part 12 of 14
The brow of a central banker considering further accommodation furrows further when looking at the inflation measures that form the basis for Main Streets inflationary expectationsthe CPI and the Personal Consumption Expenditures (PCE) deflator. On a 12-month basis, the most recent CPI, released yesterday, was [...]
The Egocentricity of the Present Part 18 of 22
The term auction facilityknown by its acronym, TAFwas introduced in December as an entirely new approach to funding problems at banks. Those who are eligible for primary credit at the Feds traditional discount window can now bid at bimonthly auctions for term funds. So [...]
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