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Credit Crisis

Fed’s Lacker Says Inflation Is Low and Not a Problem

U.S. inflation pressures remain subdued despite solid improvement in the job market, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said Sunday.
The outlook gives the central bank room to remain patient about when to begin raising interest rates, Mr. Lacker said.
“Next year sometime it looks plausible that we’ll start needing to increase interest rates,” said Mr. Lacker, who will have a vote on the policy-setting Federal Open Market Committee in 2015, in an interview with Fox News Channel. “We’ll try to time that carefully given what the economy needs.”

Source: http://blogs.wsj.com/economics/2014/11/02/feds-lacker-says-inflation-is-low-and-not-a-problem/?mod=WSJBlog

Fed’s Kocherlakota: Dissent Driven by Persistent Inflation Weakness

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he believes the U.S. central bank is failing to defend its inflation goal and that it should be providing more stimulus to the economy, in a statement defending his dissenting vote at this week’s monetary policy meeting.

Source: http://blogs.wsj.com/economics/2014/10/31/feds-kocherlakota-fomc-dissent-driven-by-persistent-inflation-weakness/?mod=marketbeat

BOE’s Haldane to Boldly Go Where No Central Banker Has Gone Before

Bank of England Chief Economist Andrew Haldane dreams of sitting in a Star Trek-style chair, staring at a bank of electronic screens.
But he isn’t imagining exploring strange new worlds or seeking new life and new civilizations. This captain wants to warp through the alien galaxy that is the global economy. And he’s looking for trouble.

Source: http://blogs.wsj.com/economics/2014/10/29/boes-haldane-to-boldly-go-where-no-central-banker-has-gone-before/?mod=blogmod

What Falling U.K. Jobless Figures Mask

The U.K. is enjoying a more buoyant labor market, but a key factor behind that appears to be due to an increase in people who have stopped working—or rather, stopped looking for work.

Source: http://blogs.wsj.com/economics/2014/10/16/what-falling-u-k-jobless-figures-mask/?mod=WSJBlog

Fed’s Lacker: Living Wills Will Reduce Risk of Failing Financial Firms

Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday financial firms’ so-called “living wills” should do a lot to strengthen the financial system, if banks and regulators respect these plans.
The living wills in question are plans by financial companies detailing how they expect to be wound down in the event of running into trouble. Mr. Lacker, speaking in Chicago, said these plans are vital to ending the perception that many firms are considered to be too-big-to-fail and will be bailed out by the government in the event of trouble.

Source: http://blogs.wsj.com/economics/2014/10/10/feds-lacker-living-wills-will-reduce-risk-of-failing-financial-firms/?mod=WSJ_EC_RT_Blog
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