Economy

Economic Daily Outlook

WEDNESDAY, APRIL 25, 2012   ECONOMICS: Fed Officials Weigh Rules-Based Policy That Stay Flexible (Bloomberg Businessweek) By Steve Matthews and Jeff Kearns Federal Reserve officials are struggling to find consensus on a policy rule that’s predictable to investors yet flexible enough to adjust to shifts in the economy or markets. Vice Chairman Janet Yellen and Philadelphia … Continue reading

Economy

Economic Daily Outlook

MONDAY, APRIL 23, 2012   ECONOMICS: Bernanke Charts New Mission for the Fed: Financial Stability http://www.americanbanker.com/issues/177_77/bernanke-fed-chairman-financial-stability-1048606-1.html While by law the Federal Reserve Board must worry about price stability and unemployment, Chairman Ben Bernanke appears to have charted a third mandate for the central bank: financial stability. In his speeches, lectures and testimony, Bernanke has steadily … Continue reading

Economy

Economic Daily Outlook

THURSDAY, APRIL 19, 2012   ECONOMICS Budget Fight Heats Up http://online.wsj.com/article/SB10001424052702303513404577352232858786436.html The White House, firing the latest salvo in this year’s budget battle, threatened to block any new spending bills until House Republicans reverse the spending cuts they approved in recent weeks. The House budget resolution approved in March reduces non-defense discretionary spending for the … Continue reading