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

Economy

Economic Daily Outlook

WEDNESDAY, APRIL 18, 2012   ECONOMICS: Senate Budget Panel to Take Up Deficit Plan http://www.nytimes.com/2012/04/18/us/politics/senate-budget-panel-to-take-up-deficit-plan.html The chairman of the Senate Budget Committee said on Tuesday that he would introduce the blueprint of President Obama’s bipartisan deficit reduction panel to his committee as the starting point for negotiations over a long-term debt plan. But the committee … Continue reading

Economy

Economic Daily Outlook

TUESDAY, APRIL 17, 2012   ECONOMICS: ‘Buffett Rule’ Tax Plan Fails in a Senate Test Vote http://online.wsj.com/article/SB10001424052702304299304577348221678464912.html The Senate on Monday blocked the so-called Buffett Rule, a measure designed to ensure that high earners pay at least 30% in federal income tax, on a near-party-line vote highlighting the split over a key element of President … Continue reading