Posts filed under “Federal Reserve”

Category: Bailouts, Federal Reserve, Regulation, Think Tank

1% on 10-year Note?

1% on 10-year Note? David R. Kotok Cumberland Advisors, January 13, 2015         “What if the Fed doesn’t raise rates at all this year? There’s certainly a good amount of volatility possible with the ECB meeting Jan 22, the Greek election Jan 25, and the FOMC announcement Jan 28.” – Don Rissmiller,…Read More

Category: Federal Reserve, Fixed Income/Interest Rates

Draghi? Draghi. Draghi!

Draghi? Draghi. Draghi! David R. Kotok January 3, 2015     A German newspaper reports Mario Draghi’s denial of interest in Italian politics as a major story, which then makes its way to the financial news in the US.  Really? First, it is appropriate for the president of the European Central Bank to say that…Read More

Category: Federal Reserve, Think Tank

Although U.S. investors continue to tap foreign financial markets for “safe” assets, we show that the type of foreign financial debt that fills this portfolio niche post-crisis is quite different than pre-crisis. Post-crisis, we find that U.S. investors have replaced offshore-issued structured securities with high-grade U.S. dollar-denominated financial debt issued from a small group of…Read More

Category: Federal Reserve, Think Tank

Financial Stability and Central Bank Governance

Category: Bailouts, Federal Reserve, Think Tank

Whence Comes Central Bank Terms “Dove & Hawk” ?

Of doves, hawks and Mary Poppins

Category: Federal Reserve, Video

Dear Federal Reserve

Dear Federal Reserve: As we approach your last get together of the year I first want to wish you all great holidays and a happy and healthy new year. I also want to extend my utmost respect for the time you have given to public service in your contribution of what is the Federal Reserve…Read More

Category: Federal Reserve, Think Tank

The U.S. Economy Upshifts

  “Read narrowly, the results show that some survey data suggesting weak post-Thanksgiving Black Friday sales was misleading at best.” — New York Times   No, this isn’t going to be a victory lap about the National Retail Federation and its always-wrong forecasts about holiday retail sales (that annual chest-pounding comes in January). Rather, this…Read More

Category: Economy, Federal Reserve, Fixed Income/Interest Rates, Investing

The Fed Spectrometer

  Federal Reserve Hawks vs Doves   click for ginormous infographic Source: Bloomberg Briefs   Text only version is here  

Category: Federal Reserve, Fixed Income/Interest Rates

Monetary Policy When the Spyglass Is Smudged

Monetary Policy When the Spyglass Is Smudged Early Elias, Helen Irvin, and Òscar Jordà FRBSF, 2014-35 November 24, 2014     An accurate measure of economic slack is key to properly calibrating monetary policy. Two traditional gauges of slack have become harder to interpret since the Great Recession: the gap between output and its potential…Read More

Category: Federal Reserve, Think Tank