The Great Debate UK

from Anatole Kaletsky:

Yellen’s remarkably unremarkable news conference – and why it’s a good thing

By Anatole Kaletsky
June 19, 2014

Yellen holds a news conference following two-day Federal Open Market Committee meeting at the Federal Reserve in WashingtonJohn Maynard Keynes famously said that his highest ambition was to make economic policy as boring as dentistry. In this respect, as in so many others, Federal Reserve Chair Janet Yellen is proving to be a loyal Keynesian.

from Nicholas Wapshott:

Yellen shows her hand

By Nicholas Wapshott
April 19, 2014

The difference between the Federal Reserve Board of Chairwoman Janet Yellen and that of her immediate predecessor Ben Bernanke is becoming clear. No more so than in their approach to the problem of joblessness.

Ben Bernanke could teach the EU a thing or two

July 18, 2011

By Kathleen Brooks. The opinions expressed are her own.

Markets thrive on certainty. Anything that smacks of uncertainty, fence-sitting or indecision will lead to market turbulence, as investors punish those who don’t tell them how it is.

from Breakingviews:

Bernanke’s star turn may win over Fed critics

April 27, 2011

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

Bernanke steps up to scrutiny

April 8, 2011

-Kathleen Brooks is research director at forex.com. The opinions expressed are her own.-

Did the Fed catastrophically mis-time QE2?

February 28, 2011

USAThe sternest criticism of QE2 is the way it pumped up asset prices like commodities in recent months without making much of an impact on U.S. economic growth. Rising fuel and food costs have weighed on inflation everywhere from emerging markets to the UK. But this criticism might step up a gear if Middle East tensions lead to a spike in oil prices and the Fed tries to protect growth using a similarly blunt tool as QE2.

What if the U.S. labour market never returns to “normal”?

February 7, 2011

-Kathleen Brooks is research director at forex.com. The opinions expressed are her own.-

from The Great Debate:

Bernanke’s high stakes poker game at the G-20

By Guest Contributor
November 9, 2010

By Peter Navarro
The opinions expressed are his own.

Ben Bernanke is about to play the biggest poker hand in global monetary policy history: The Federal Reserve chairman is trying to force China to fold on its fixed dollar-yuan currency peg. This is high-stakes poker.

When is it the Fed’s cue to leave?

November 5, 2010

The Federal Reserve’s second round of quantitative easing to the tune of $600bn put a firework under a trend that started back in August when Fed Governor Ben Bernanke first touted the idea of providing more monetary policy support to the US economy. Risky assets are in demand and the market is happy to sell dollars.

from The Great Debate:

Savers shoulder the inevitable burden of bad loans

November 5, 2010

Britain's new coalition government likes to remind voters we are all in this together. The phrase is rather glib. But in an important sense savers and borrowers around the world are finding the costs of reckless lending are falling on the innocent and guilty alike.