In a sharply worded dissent to the Federal Reserve’s decision to help ease the supply of credit to the economy, a member of the Fed committee that sets interest rates said Friday that the recovery would take time and that the central bank risked touching off a new boom-and-bust cycle, The New York Times’s Sewell [...]
The Federal Reserve will meet on Tuesday faced with a pivotal decision about whether to abandon its presumption that the economy is gradually picking up steam and begin to consider new steps to keep the recovery from sputtering out, Sewell Chan reports in The New York Times. A string of developments, including the weak jobs [...]
So who tripped up Peter A. Diamond’s nomination to the Federal Reserve Board? And why? The Senate sent the nomination back to the White House on Thursday night, mainly because an unidentified senator objected to Mr. Diamond, 70, a prominent professor of economics at the Massachusetts Institute of Technology for more than four decades. The [...]
Twitter
Facebook