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Fed Watch: Zero, But Not Quite Quantitative Easing
Can the Fed's current policy be described as quantitative easing?: Zero, But Not Quite Quantitative Easing, by Tim Duy : On the surface, the Fed’s recent statement should not have been much of a surprise. It was remarkably consistent with Fed Chairman Ben Bernanke’s recent policy speech. ...
FRB: Press Release--FOMC statement--December 16, 2008
federalreserve.gov — Release Date: December 16, 2008 For immediate release The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee's last meeting, labor market conditions have ... (more) FRB: Press Release--FOMC statement--December 16, 2008
Federal Reserve balance sheet
Federal Reserve balance sheet
econbrowser.com — Here I survey how we got here, where things currently stand, and what it all means. Let me begin by reviewing some first principles of what the Fed is all about. How did the cash currently in your wallet get there? You withdrew it from an ATM, ... (more) Federal Reserve balance sheet
The Next Round of Ammunition
gregmankiw.blogspot.com — With the Fed having cut interest rates today to a target range of 0 to 1/4 percent, many people will be asking whether the central bank has run out of ammunition. A good question. Obviously, the next step is not going to be further cuts in the federal ... (more) The Next Round of Ammunition
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Friday links: fragile ecosystems
Abnormal Returns — ... “So when does Fed policy truly become inflationary?”  (Economist’s View) ...

Links 12/20/08
naked capitalism — ... Fed Watch: Zero, But Not Quite Quantitative Easing Tim Duy, Economist's View. A second must read. Some important observations about what the Fed is trying to achieve. ...

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There's been no change in the U.S. economy's pulse, according to the most recent GDP data from the U.S. Commerce Department. The U.S. economy contracted at a 0.5% annual rate in Q3, the Commerce Department announced, in its final reading on the quarter. The rate was unrevised from the previous ...
How much money can the Fed create?BloggingStocks
The U.S. Federal Reserve is reaching into its 'new tool box' to use quantitative easing to help jump-start the U.S. economy from it worst recession in decades, and it begs the question: is there a limit to amount of money the Fed can create? "That depends," economist David H. Wang told ...