Monetary Policy Archive

Bernanke: No Plans to Add New Stimulus Measures Now

More evidence of the suspected understanding with China- they resumed buying US Tsy secs in return for no more QE: The U.S. economy “has been doing worse than expected” and Beijing needs to “seriously assess” possible risks to its vast holdings of American debt, said Yu Bin, an economist in the Cabinet’s ...Read More

George Soros Speech

>    >   (email exchange) >    >   On Mon, Jun 21, 2010 at 6:31 AM, wrote: >    >   Soros’s recipe, FYI >   much about bubbles, >   also about how bad can be deficit reductions at this time >    I usually don’t read or comment on Soros, but comments below this one time only for you. :) George Soros ...Read More

Greenspan comments

[Skip to the end] In case you thought Greenspan actually understood monetary operation. He obviously thinks quantitative easing is somehow inflationary per se: Fed can do no more to cut unemployment: Greenspan By Doug Palmer Dec. 13 (Reuters) — The U.S. Federal Reserve has done all it can do to reduce unemployment ...Read More

Krugman on monetary creation

[Skip to the end] Still chasing shadows? >    >   (email exchange) >    >   On Wed, Oct 7, 2009 at 4:39 PM, Eric wrote: >    >   It’s hard to get it more backward than this: >    Yes, this is telling: “The banks don’t need to sell securitized debt to make loans — they could start lending ...Read More

Re: Letter from Kohn to you, 1994

[Skip to the end] (an email exchange PLUS pdf of Kohn letter) consider it public information, as you can see, he’s one of the few who understand monetary operations thanks! >    >   On Mon, Aug 25, 2008 at 7:58 PM, Steve wrote: >    >   Hi Warren, >    >   Hope all is well with you. >    ...Read More

Fed Governor Mishkin on monetary policy

[Skip to the end] In case there was any doubt things have changed. from his July 28 speech: Policymakers, academic economists, and the general public broadly agree that maintaining a low and stable inflation rate significantly benefits the economy. For example, low and predictable inflation simplifies the savings and retirement planning of ...Read More The Economists’ Forum (cont.)

On 3/1/08, Wray, Randall wrote: agreed supervisors/regulators need to do their job. however there is also something to be said for economic growth restoring balance sheets. i think his proposal to clamp down hard on banks now to get capital ratios up would make things worse. Yes, seems it could hurt current ...Read More

Plosser Speech

Plosser is perhaps the most hawkish Fed president. Look for a dove to speak soon to soften this stance? (intro remarks deleted) The FOMC and Monetary Policy Objectives In conducting monetary policy, the FOMC seeks to foster financial conditions, including growth of money and credit and a level of short-term interest rates, ...Read More