America's Economic Future – A Discussion By Ted Kavadas
The September 27-October 3 2010 issue of Bloomberg BusinessWeek has an interesting story titled “Thomas Hoenig is Fed Up.” The story chronicles various views of Thomas Hoenig and how these views differ from those of others prominent within The Federal Reserve. I found one line, referring to Hoenig’s views, particularly noteworthy given current (and likely …
On September 9 The Wall Street Journal had various people respond to the question of “What Should the Federal Reserve Do Next?” Among the various responses, I found this excerpt from Allan Meltzer’s response to be most interesting: “In “A History of the Federal Reserve,” I concluded that the principal mistakes the Fed has made …
I found Ben Bernanke’s comments on the economic outlook, given last Wednesday (June 9), to be interesting. Here are some excerpts, as published in this Wall Street Journal article of June 10: “Federal Reserve Chairman Ben Bernanke offered guarded reassurances about the economy in testimony to the House Budget Committee Wednesday, saying a new recession …
I came across this commentary from Fareed Zakaria on CNN yesterday. It is titled “Bonus For Bernanke?” : http://www.cnn.com/video/#/video/us/2010/01/31/gps.bernanke.bonus.cnn?iref=allsearch I mildly or strongly disagree with most of the assertions made by Fareed Zakaria in this piece. The reason that I post it is that it contains a very good, concise representation of ideas from …
I would like to make a couple of comments regarding the speech Ben Bernanke gave on January 3. It was titled “Monetary Policy and The Housing Bubble.” (pdf) I could make a significant amount of comments regarding this speech, as I partly or fully disagree with many of the points presented. I will, however, briefly comment …
Here are two articles on Ben Bernanke that I found interesting. There is much I could comment upon in each. I disagree or otherwise have differing opinions on various statements in these articles; however, I do feel the stories are valuable as they present an in-depth look at Ben Bernanke from a historical and philosophical perspective. …
In his December 7 speech, Ben Bernanke made the following comments with regard to the role of The Federal Reserve. For now, I will post an excerpt I found notable, and may comment upon it at a later date: “In all of these efforts, our objective has not been to support specific financial institutions or markets for …
I would like to briefly comment on Ben Bernanke’s December 7 speech, that can be found at this link: http://www.federalreserve.gov/newsevents/speech/bernanke20091207a.htm Here is one excerpt that I found notable: “Economic forecasts are subject to great uncertainty, but my best guess at this point is that we will continue to see modest economic growth next year–sufficient to …
from the November 3 FOMC Minutes: “Members noted the possibility that some negative side effects might result from the maintenance of very low short-term interest rates for an extended period, including the possibility that such a policy stance could lead to excessive risk-taking in financial markets or an unanchoring of inflation expectations. While members currently …
Ben Bernanke gave a speech on Monday at the Economic Club of New York. Here is the link: http://www.federalreserve.gov/newsevents/speech/bernanke20091116a.htm I found his comments on unemployment to be noteworthy: Here are some excerpts: “In addition to constrained bank lending, a second area of great concern is the job market. Since December 2007, the U.S. economy has …