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Fed’s Williams Sees Value in Policy Rules, Albeit With Caveats

Federal Reserve Bank of San Francisco President John Williams said Thursday monetary policy rules could have benefits for central bank policy making.
But in order for these rules to be truly effective, they have to be able to say something about what the Fed would do when short-term rates need to be lowered to zero in the event of new economic stress.

Source: http://blogs.wsj.com/economics/2015/05/21/feds-williams-sees-value-in-policy-rules-albeit-with-caveats/?mod=WSJBlog

Former Fed Governor Warsh Laments Lack of True Fed Debate

PALO ALTO, Calif.–A former U.S. central bank governor opened the kimono on Federal Reserve decision making, saying little real debate happens at the bank’s monetary policy gatherings.
Speaking Thursday, Kevin Warsh told a conference held by Stanford University’s Hoover Institution that, by and large, gatherings of the rate-setting Federal Open Market Committee are stylized affairs that end up approving whatever the Fed chair wants.

Source: http://blogs.wsj.com/economics/2015/05/21/former-fed-governor-warsh-laments-lack-of-true-fed-debate/?mod=WSJBlog

Fed’s Fischer Calls for Greater European Fiscal Integration

Europe’s Economic and Monetary Union will “very likely” survive its current crisis, but greater fiscal integration is needed for the eurozone’s future, the U.S. central bank’s No. 2 official said Thursday.

Source: http://blogs.wsj.com/economics/2015/05/21/feds-fischer-calls-for-greater-european-fiscal-integration/?mod=WSJBlog

What Was Osama bin Laden’s Interest in the Federal Reserve?

Osama bin Laden, seen in a 2003 video, had a book collection in his Pakistan compound that included a treatise against the Federal Reserve.


Source: http://blogs.wsj.com/economics/2015/05/20/what-was-osama-bin-ladens-interest-in-the-federal-reserve/?mod=WSJBlog
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