Tag: unemployment

May 20, 2014 0

Debate Over Fed’s Exit Strategy Continues: Bernanke vs. Dudley vs. Yellen

By News Desk

Today, the Financial Times reports NY Fed President Floats Change to Exit Strategy One of the US Federal Reserve’s most influential officials has called for a change to its exit strategy from easy monetary policy. William Dudley, president of the New York Fed, said the central bank should keep reinvesting in its mortgage portfolio until after it raises interest rates. The current exit strategy calls for stopping reinvestment before rates go up.

May 13, 2014 0

Ukraine in "Undeclared War" with Russia says Defense Minister; Mish says "Russia Won’t Invade"

By News Desk

The Financial Times reports Renewed Diplomatic Push in Ukraine Crisis A new diplomatic push to resolve the crisis in Ukraine is under way even after two of its regions declared independence and sought to join Russia, with European mediators pushing for “round table†reconciliation talks. German foreign minister Frank-Walter Steinmeier, spearheading the diplomatic initiative, flew into Ukraine on Tuesday on a visit aimed at narrowing the gap between the interim government and pro-Russia separatists in the east. Berlin has played a central role in promoting a mediating role for the Organisation for Security and Co-operation in Europe, and its current chairman, Swiss president Didier Burkhalter – and securing backing from Moscow for the idea