Federal Open Markets Committee
The Federal Reserve’s exit from quantitative easing
The question is not whether but when the U.S. Federal Reserve will start to shrink its bloated balance sheet. Just as quantitative easing was a departure from conventional monetary policy, its withdrawal will be a massive economic experiment. Unintended consequences are to be expected.
US Fed will show its true colours only after next rate increase
The US Federal Reserve Board has finally made up its mind and will probably tighten monetary policy in the United States before the end of 2015. Will this be real monetary tightening or just a gradual retreat from the previous easy credit approach? This report argues that the Fed still has too much faith in Keynesian the...