As the dust begins to settle around the latest perceived shift in policy on the part of the United States Federal Reserve, uncomfortable questions are being asked about the credibility of US monetary policy and the communication skills of the world's most closely watched central bankers.Tuesday, 1 April, 2014, 7:07pm
The Federal Reserve is telling us that not much has changed in the economy in the United States except rates are going to rise faster.
That is either growing hawkishness or a communications flub by Fed chairman Janet Yellen in her first Federal Open Market Committee press conference.21 Mar 2014 - 12:59am
Some of the problems facing the world's biggest economy and the person about to take the second-biggest job running that economy were revealed in the US jobs report on Friday.15 Jan 2014 - 1:24am 1 comment
In the aftermath of the 2008 global financial crisis, two key phrases that conveyed the essence of the recovery strategy were "unconventional monetary policy" and "the new normal". The developed world would pump up credit and lower interest rates to try to resuscitate failing companies and their economies. These measures would ease off once things stabilised, but there would be no return to prior years of heady growth.9 Jan 2014 - 4:59am
On the standards by which these things are judged, Janet Yellen’s confirmation hearings went well, meaning markets rallied with little volatility.20 Nov 2013 - 4:34pm