John At CIFT (Free subscription) | 11/20/2008
I highly disagree with this. Effective zero is a maybe but not zero. http://www.nakedcapitalism.com/2008/11/jp-morgan-predicts-that-fed-will-cut.html See Yellen’s commentary on this.
Indian Express (Free subscription) | 11/19/2008
The Federal Reserve's efforts to rescue the US from financial collapse risks the eclipse of their benchmark interest rate as the most important signal of monetary policy.
International Herald Tribune (Free subscription) | 11/19/2008
... amount of money in the banking system as a better gauge of Fed intentions, something that Janet Yellen, president of the Federal Reserve Bank of San Francisco, last month called "a kind of quantitative easing."William Poole, former president of the Federal Reserve Bank of St. Louis, Missouri, said: "There has been a policy shift, but the Fed is not transparently announcing what it is doing...
Real Time Economics (Free subscription) | 11/17/2008
... a recession, joining Richmond Fed President Jeffrey Lacker and San Francisco Fed President Janet Yellen in making that assessment. However, the median forecast of NABE forecasters is that Fed officials won’t cut the federal funds rate below its current 1% level, though they do expect the fed funds rate to remain at that low level until the fourth quarter of next year. NABE members expect...
