Interest on Excess Reserves: Another Little Treat for the Big Banks

By: Tuesday August 28, 2012 7:44 am

Time to put everyone to sleep with a rousing discussion of interest on excess reserves. Gaetano Antinolfi and Todd Keister of the New York Federal Reserve have written an article about the Fed’s practice of providing interest on “excess reserves” from banks, who stash their money at the central bank and collect a small fee [...]

Fed Action Possibly Imminent, but It Looks Weak

By: Thursday August 2, 2012 11:39 am

Fed watchers are pointing to a change in language in yesterday’s Federal Open Market Committee statement that could signal a monetary policy action in September: Central bankers led by Ben S. Bernanke concluded their two- day meeting Wednesday saying they “will provide additional accommodation as needed” to bolster the expansion. The Federal Open Market Committee [...]

Federal Reserve Returns to Same Old Failed Solutions to Economic Problems

By: Wednesday July 25, 2012 8:15 am

After watching as they missed both their employment and inflation targets, the Federal Reserve pronounced themselves ready to act, but in the same sluggish, ineffective ways they have over the past couple years: Fed officials could take some actions in combination or one after another. Fed Chairman Ben Bernanke, in testimony to Congress last week, [...]

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