Posts filed under “Federal Reserve”

Yellen on Fed’s Stimulus Campaign

Janet L. Yellen, the Federal Reserve chairwoman, spoke at a news conference after the Fed announced it would reduce its monthly bond purchases because of the economic recovery’s progress.

 

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yellen
NYT, March 19th, 2014

Category: Federal Reserve, Video

If They Will Lend, Someone Will Spend (on Something)

If They Will Lend, Someone Will Spend (on Something) Paul Kasriel March 17, 2014     Upon awakening from my winter hibernation way up here in beautiful northeastern Wisconsin, I have noticed that bank asset managers have been anything but hibernating. Rather, they have been quite busy expanding their loans and securities. As shown in…Read More

Category: Credit, Federal Reserve, Think Tank

Private Credit and Public Debt in Financial Crises

Private Credit and Public Debt in Financial Crises Òscar Jordà, Moritz Schularick, and Alan M. Taylor FRBSF Economic Letter 2014-07 March 10, 2014     Recovery from a recession triggered by a financial crisis is greatly influenced by the government’s fiscal position. A financial crisis puts considerable stress on the government’s budget, sometimes triggering attacks…Read More

Category: Bailouts, Credit, Federal Reserve, Think Tank

How Unconventional Are Large-Scale Asset Purchases?

How Unconventional Are Large-Scale Asset Purchases? Carlo Rosa and Andrea Tambalotti Liberty Street Economics, March 03, 2014     The large-scale asset purchases (LSAPs) undertaken by the Fed starting in late November 2008 are widely considered to be a form of “unconventional” monetary policy. Although these interventions are certainly unprecedented, this post shows that their…Read More

Category: Bailouts, Federal Reserve, Think Tank

Fed Laughter and Housing Prices

Source: Elliot-today     Earlier this week, we discussed the amount of laughter in FOMC meetings as a sign that the Fed was not fully cognizant of the coming financial storm. Today’s chart adds another component to this, overlaying Fed laughs with Case Shiller residential real estate price index, via Elliot-today. Perhaps the best way…Read More

Category: Federal Reserve, Real Estate, Research

Does the Federal Reserve Staff Still Beat Private Forecasters?

Category: Federal Reserve, Fixed Income/Interest Rates, Really, really bad calls, Think Tank

Its all fun & games until someone loses an economy!

Source: Bianco Research This month, 1,865 pages of FOMC transcripts from 2008 were released to the public. Bloomberg studied the transcripts, finding on average about 25 references to laughter per meeting of the Federal Open Market Committee. This was almost half of the 45 giggles per FOMC meeting in 2007. Continues here

Category: Federal Reserve, Hedge Funds, Really, really bad calls

Slides From the Federal Reserve Bank of Dallas

Category: Federal Reserve, Think Tank

Money, Liquidity and Welfare

Category: Currency, Federal Reserve, Think Tank

When Will the Fed End Its Zero Rate Policy?

When Will the Fed End Its Zero Rate Policy? Jens Christensen FRBSF Economic Letter, February 10, 2014     U.S. Treasury yields and other interest rates increased in the months leading up to the Federal Reserve’s December 2013 decision to cut back its large-scale bond purchases. This increase in rates probably at least partly reflected…Read More

Category: Federal Reserve, Fixed Income/Interest Rates, Think Tank