Tag: Federal Reserve

FT: “Stanley Fischer’s departure reveals weakness at the Fed”

There is an excellent analysis of Stanley Fischer’s departure from the Fed on ft.com. Some highlights: The early resignation of Stanley Fischer, the Federal Reserve board vice-chairman, is a reminder that the coming turnover in the Fed’s leadership is unprecedented in speed and scale. For all the attacks on the Fed since 2008 nothing has

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The $2 Trillion Round Trip? The Curious Case of the Fed Excess Reserve Rate

I recently came across a post on the “Dr. Econ” web page of the San Francisco Fed that discussed one of the most intriguing changes in the US since the Great Recession started. The phenomenon in question is a change that was brought on by the  Financial Services Regulatory Relief Act of 2006. That law authorized

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