Top 1% Control 39% of World’s Wealth http://t.co/81t9nZ1XAd
Toronto’s Mayor Holds Press Conference, Ignores Every Question About Drug Scandal http://t.co/goscI93RTK via @Intelligencer
Where Fed officials stand on ending QE3 – http://t.co/G4UF2B0C3j @macroscope by @annsaphir
Snapshot: where Fed officials stand on ending QE3
In the debate among Federal Reserve policymakers over when and how the U.S. central bank will pull back from its massive bond-buying stimulus, Fed Chairman Ben Bernanke’s voice matters most. But his is far from the only one. Eighteen other policymakers also take part in the Fed’s policy discussions, and Bernanke has a track record of listening to them.
The Fed may offer more clarity on its intentions after its next policy meeting on June 18-19. Until then, what Bernanke and his colleagues say on quantitative easing bears close watching. The following are their views. Voters on the Fed’s policy-setting panel this year are marked with an asterisk (*):
The @SFFedReserve ‘s video game challenge: http://t.co/eU42I9Iai7 ..for fellow nerds @AnnalynKurtz & @johnnyshap
Rising mortgage rates a headwind for Fed policy: http://t.co/oryEWerc7e by @alisterbull1
Surge in U.S. mortgage rates could force buyers off the fence http://t.co/1aZBDg19TL via @reuters
Volcker warns on limits of Fed’s easy money
NEW YORK (Reuters) – Former Federal Reserve Chairman Paul Volcker on Wednesday waded into the debate over when to reduce today’s ultra-easy U.S. monetary policies, arguing that the benefits of bond-buying are “limited and diminishing” and warning that central banks are too often late in removing stimulus.
Volcker, who led the U.S. central bank’s aggressive battle against inflation in the 1970s, said the decision to adjust policy will come down to good judgment, leadership, and “institutional backbone” in the face of political pressure.
Bombshell from Fed’s Rosengren: ‘Modest’ QE3 cut may make sense in a few months http://t.co/wCiRBJvcYW by @annsaphir
Volcker gracefully accepts the NY Econ Club award for Leadership Excellence with a meditation on fishing @federalreserve
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