The FED has a blog

The New York Fed’s Liberty Street Economics blog provides commentary on current economic topics relating to monetary policy, macroeconomic developments, financial stability issues, and regional trends in the Second Federal Reserve District. From Liberty Street Economics The FED has a blog. I’m giving it a week before the place is overrun by angry gold-bugs and… Continue reading The FED has a blog

Alan Greenspan’s housing bubble coffee break

There is a lack of consensus as to how the relaxation of credit standards will impact safety and soundness. To date, loan delinquencies have remained modest, both within and outside of the banking industry. However, the undiminished appetite, particularly for the nonconforming mortgage product, has allowed for the flexibility to continue. And there is no… Continue reading Alan Greenspan’s housing bubble coffee break

Alan Greenspan’s housing bubble coffee break

There is a lack of consensus as to how the relaxation of credit standards will impact safety and soundness. To date, loan delinquencies have remained modest, both within and outside of the banking industry. However, the undiminished appetite, particularly for the nonconforming mortgage product, has allowed for the flexibility to continue. And there is no… Continue reading Alan Greenspan’s housing bubble coffee break

When the Fed says X, they really mean Y

The Fed typically convenes every month to discuss interest rates. It is not only the action (whether rates are raised, lowered, or held constant), but also the accompanying “statement” which is of interest to investors and analysts. In its statement, the Fed may signal both its motivation for the current policy decision as well as… Continue reading When the Fed says X, they really mean Y

Fed Chief Calls for New Mortgage Rules

In testimony this morning to the House Financial Services Committee, Mr. Bernanke said a full review of consumer protection regulations was under way under existing regulatory authority. “The recent problems in subprime lending have underscored the need not only for better disclosure and new rules but also for more-uniform enforcement in the fragmented market structure… Continue reading Fed Chief Calls for New Mortgage Rules