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  • 'Audit' push challenges Federal Reserve's independence

    February 27, 2015 | 10:04 pm

    After unemployment and deflation, Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. Newly in control of both houses on Capitol Hill, Republicans accuse the Fed of misguided policies and political bias, saying the world's most powerful central bank is too autonomous and unaccountable. The Fed calls it a ...

  • What's Expansionary Policy?

    February 27, 2015 | 06:46 pm

    Expansionary policy is a macroeconomics concept that focuses on expanding the economy to counteract cyclical downturns. Expansionary policy can be implemented in one of two ways, or a combination of both. One is to use monetary policy to expand the money supply.

  • Fischer says Fed's QE an effective stimulus

    February 27, 2015 | 06:18 pm

    Federal Reserve Vice Chair Stanley Fischer on Friday said the Fed's exceptional large-scale asset purchases were continuing to provide "meaningful stimulus" to the US economy. At a monetary policy forum in New York, Fischer laid out the positive effects of the central bank's massive rounds of quantitative easing aimed at pulling the economy out of the 2008-2009 Great Recession. The controversial ...

  • Mester: Federal funds rate should rise before all goals are met

    February 27, 2015 | 01:05 pm

    The zero lower bound federal funds rate has lent important support to the economy. We can see progress in labor market indicators and the pace of growth.

  • Bank of England’s Shafik Sees Rate Rise as Likely Next Move

    February 27, 2015 | 03:47 am

    Bank of England Deputy Governor Minouche Shafik said the central bank's next monetary policy move will likely be a gradual and limited rise in its benchmark interest rates.

  • Recommended for you

    February 26, 2015 | 03:19 pm

    By keeping key interest rates on hold in the latest monetary policy review, Reserve Bank of India Governor Raghuram Rajan seems to have gone by the majority view among external members of the central bank's Technical Advisory Committee (TAC).

  • C.D. Howe Institute Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at .75 Percent through Mid ...

    February 26, 2015 | 02:29 pm

    C.D. Howe Institute Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at .75 Percent through Mid-Year; Looks for 1.25 Percent by March 2016

  • Fed-spooked mortgage holders in SE Asia offered glimmer of hope

    February 26, 2015 | 05:19 am

    JAKARTA - A surprise loosening of monetary policy in parts of Southeast Asia is offering a glimmer of hope to home owners bracing for higher mortgage rates later this year when the US Federal Reserve is expected to tighten policy. Bank Tabungan Negara, a leading mortgage lender in Indonesia, will lower the cost of mortgages starting next month, after the central bank's unexpected 25-basis-point ...

  • Monetary policy is underrated

    February 25, 2015 | 04:46 pm

    Last month — just a few days before the European Central Bank announced its intention to initiate quantitative easing (QE) — I attended a seminar in Geneva with journalists, policymakers and investors.

  • How Unconventional Monetary Policy Works

    February 24, 2015 | 07:02 pm

    Unconventional monetary policy, such as quantitative easing, can be used to jump-start economic growth and spur demand.


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