The meaning of “closely monitor”
There is some kremlinology going on about the Fed’s new easing bias language: “The Committee will closely monitor incoming information on economic and financial developments and will provide additional...
View ArticleBernanke replies to Issa
Ben Bernanke, the Fed chairman, has replied to a series of questions from Congressman Darrell Issa, who chairs the House Oversight and Government Reform Committee. The answers are mostly pretty...
View ArticleHas Fed’s Evans already got what he wants?
The Federal Reserve’s decision last week to expand its balance sheet by a potentially unlimited amount until the labour market shows some “substantial” signs of improvement has been described as...
View ArticleProfessor Woodford and the Fed
Professor Michael Woodford of Columbia University is an extremely renowned macro-economist, and rightly so, but only recently has he occupied a central place in market thinking. Since his paper on US...
View ArticleRomney appointments & the Fed
Binyamin Applebaum at the New York Times has a good piece today about who Mitt Romney might appoint as Federal Reserve chairman and what that might mean. His analysis is similar to that of Macro...
View ArticleBen Bernanke on potential growth
The most interesting part of Ben Bernanke’s speech today is what he says about the recession reducing potential growth in the US. “The accumulating evidence does appear consistent with the financial...
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Bernanke – the rebel with a cause
Ingram Pinn To understand Ben Bernanke, it helps to set aside the ubiquitous pictures of today’s 59-year-old: the controlled beard, the pristine shirts, the worn-down weary look. Instead, search for a...
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Federal Reserve: Bernanke testimony preview
All markets want from Ben Bernanke when he testifies before Congress on Tuesday and Wednesday is reassurance that he is not getting cold feet about the Fed’s open-ended, $85bn-a-month, QE3 programme of...
View ArticleThe Fed begins its long and gradual exit
When we look back on the FOMC meeting on June 19 2013, it will probably be seen as the moment when the Fed signalled that it was beginning the long and gradual exit from its programme of unconventional...
View ArticleThe June 2013 jobs report & the Fed
The market thinks the June jobs report is taperific and that looks basically correct: at this pace of payrolls growth a September slowing of QE3 seems likely. But there are enough complications to make...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe Read more
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe FOMC meeting The Federal Open Market Committee meets on...
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Fed to reveal almost all
Ben Bernanke has been very focused on the Fed’s “communications strategy” for several years now, and has patiently pushed the FOMC in his desired direction during a series of detailed discussions. Now...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe Bernanke testimony Fed chairman Ben Bernanke is due to speak...
View ArticleThe week ahead in central banking
Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe ECB’s big bazooka Next week’s main event is, of course, the...
View ArticleBernanke & GDI
The strength of the gross domestic income in the fourth quarter of 2011 – it was up by an annualised 4.4 per cent – has been widely remarked upon. The contrast with the weaker 3 per cent growth in...
View ArticleThe Fed’s rate forecast mess
There’s probably nothing that would annoy Ben Bernanke more than being caught in a logical inconsistency over some aspect of monetary policy. At the Fed’s press conference today, he vigorously defended...
View ArticleThe week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe More QE from the Bank? The Bank of England‘s Monetary...
View ArticleThe week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe Joint action? Hopes for joint central bank action mounted...
View ArticleThe week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe Bernanke testimony Fed chairman Ben Bernanke faces...
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