from Breakingviews:

ECB torn between two roles in Greek bank support

March 20, 2015

REUTERS/Wolfgang Rattay

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from MacroScope:

Prescient Yellen saw limits of zero Fed interest rates back in 2009

March 4, 2015

yellen.jpgDespite the Federal Reserve's trillions of dollars in newly printed money, workers' wages and overall U.S. inflation have failed to take off since the recession. Longer-term borrowing costs, from 10-year Treasury yields to 30-year home mortgages, have also compressed without any real signs of reversing. While this has perplexed many economists, transcripts of the U.S. central bank's crisis-fighting meetings in 2009 show that Janet Yellen, then the head of the San Francisco Fed, was prescient in warning colleagues of these very problems.

from MacroScope:

The more things change: Fed wrestled with same policy “exit” issues in 2009

March 4, 2015

bernanke2009.jpgThe Federal Reserve faces two big challenges in the months and years ahead: how to finally "liftoff" after more than six years of rock bottom interest rates, and how to begin drawing down its $4.5-trillion balance sheet after three massive rounds of bond purchases. But, it turns out, those questions were being raised at the U.S. central bank as far back as 2009.

from MacroScope:

Brazil’s shock therapy against inflation

March 3, 2015

Brazil's Central Bank President Alexandre Tombini reacts during the first ministerial meeting in Brasilia

Brazil's central bank's two-day policy meeting kicks off later on Tuesday with all bets placed on a fourth straight interest rate increase, despite growing consensus that the country is headed for its worst economic recession in 25 years.

from Breakingviews:

Japan’s inflation test: Mapping the road to 2 pct

February 23, 2015

By Andy Mukherjee

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Putin, Piketty and Draghi hit Davos in spirit only

January 23, 2015

By Jeffrey Goldfarb 

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from MacroScope:

Major central banks set to go their own way, with some risk

January 9, 2015

Real interest rates of world's major central banks

Real interest rates of world's major central banks

The world's major central banks have long followed the same general flight path, guided by the economic winds of growth, inflation and financial markets. It has worked pretty well for policymakers in the United States, Europe, Japan, and the United Kingdom: moving together to tighten or loosen monetary policy makes things more predictable for citizens, businesses and investors. It also serves as buffer to any volatile currency movements, at least among developed economies. But six years after the worst recession in decades, this could be the year central bankers split off and - with some risk - go their own way.

from Breakingviews:

Meddling will be central banking’s new mantra

December 23, 2014

By Andy Mukherjee

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Sorry, this is as good as the global recovery gets

By Edward Hadas
December 16, 2014

graph.jpg
At the beginning of 2014, many people were optimistic about the world economy. For the fifth straight year, it had seemed safe to declare the lingering effects of the 2008 financial crisis over and done with. This time is different: 2015 is likely to begin in a merited atmosphere of gloom.

from Breakingviews:

China’s deposit guarantee is really the opposite

December 1, 2014

By John Foley

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.