Fed Archive

Review of Bernanke Speech

(prefaced by interoffice email) > Key line is the Committee will have to judge whether the outlook > for the economy or the balance of risks has shifted materially. This > opens the door for changing the balance of risk at the next FOMC > meeting (Towards weaker gwth in light of ...Read More

Review of Evans Speech

November 27, 2007 Financial Disruptions and the Role of Monetary Policy* Skipped the first part. It’s very good history and analysis. With regard to shocks to the financial system, our concern is about the ability of financial markets to carry out their core functions of efficiently allocating capital to its most productive ...Read More

Second Look at Kohn Speech

‘People can misinterpret almost anything so that it coincides with views they already hold. They take from art what they already believe.’ -SKubrick Went through Kohn’s speech again and still don’t see it the way the markets do. Am I missing something? Financial Markets and Central Banking I thought it might be ...Read More