The "extended period" language will stay -- there's just no reason to drop it.
Donald L. Luskin
On Yellen for Fed Vice Chair
Friday, March 12, 2010
Another smart Obama appointment emphasizing policy continuity.
On the February Jobs Report
Friday, March 5, 2010
It makes recession-end "official," but leaves a slow road back to full employment ahead.
The Case for Ambivalence, Volume Three
Thursday, March 4, 2010
Data continues to confirm that we're only in a recovery, not a real expansion.
Redoubling Down
Thursday, February 25, 2010
Bernanke promises redoubled ease. The White House promises redoubled "change."
Some Tightening!
Wednesday, February 24, 2010
When the SFP is complete at $200 billion, excess reserves will top today's $1.137 trillion.
Real Deflation
Tuesday, February 23, 2010
January's core deflation report is accurate -- and it sets up for more inflation down the road.
On the Fed's Discount Rate Hike
Thursday, February 18, 2010
Why couldn't renormalizing the discount rate wait until the next FOMC meeting.
Greek Farce
Tuesday, February 16, 2010
The EU's credit crisis has abated, at a deep cost to currency credibility worldwide.
Ben Can, But Ben Probably Won't
Wednesday, February 10, 2010
The Fed has the tools to "exit," but using them correctly remains a challenge.