Financial Times Archive

Review of Yellen Speech

(from an interoffice email) Karim: Quite a long one http://www.frbsf.org/news/speeches/2007/1203.html, but here goes, with selected excerpts, headings my own. If you don’t want to read the rest, one word describes it, DOVISH…if she was voting next week, she’d vote for 50bps. Warren: Agreed. Though the heightened inflation risks at the end do ...Read More

Saudis are Necessarily in Position of Price-Setter

Published November 16, 2007 in the Financial Times From Mr Warren Mosler. Sir, Adrian Binks’ letter “Oil price conspiracy theories get in the way of facts”(November 14) is precisely the response indicated in my letter (November 12); in this case from an energy information service. While Mr Binks’ statements are indeed factual, ...Read More

Oil Price Conspiracy Theories Get in the Way of Facts

Published November 14, 2007 in the Financial Times From Mr Adrian Binks. Sir, Warren Mosler (Letters, November 12), reveals the level of hysteria that affects even intelligent western economists when it comes to oil prices. First, economists need to understand the facts. Saudi Arabian crude oil is sold at prices directly linked ...Read More

Saudis Do Set World Oil Prices – Despite Bold Denials

Published November 12, 2007 in the Financial Times From Mr Warren Mosler. Sir, As crude oil prices continue to rise, the media continue to assume that competitive market forces are behind the increase, including political tensions, weather, supply disruptions and demand pressures. Completely overlooked, however, is the fact that the Saudis post ...Read More

Review of Kroszner Speech

Governor Randall S. Kroszner At the Philadelphia Fed Policy Forum, Philadelphia, Pennsylvania November 30, 2007 Innovation, Information, and Regulation in Financial Markets Good afternoon. I am pleased to participate in the excellent annual Philadelphia Federal Reserve Policy Forum to discuss this year’s timely topic of innovations in financial markets. Innovations in financial ...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