With growth in the US stuck in low gear and with headwinds at home and especially from abroad still front and center, the Fed has chosen to keep rates exceptionally low for now not only "an extended period of time," but through at least the end of 2014, if not beyond ( Read more... )

From dshort.com

The ECRI Weekly Leading Index
July 2, 2010  weekly update 

( Read more... )

CNBC:
Fed Has New Set of Reasons To Stay the Course on Rates
( Read more... )

For they may have known long in advance of what was soon to come.

Cover: The Economist

( Read more... )

Catching up with some great articles that you
may have missed with the holiday weekend and start of the work week...

The Baseline Scenario
(Former IMF Chief Economist - Simon Johnson, Peter Boone - chair of Effective Intervention & James Kwak - co-founder of Guidewire Software)

“I Have 13 Bankers in My Office”
The Washington Post (hat tip Mark Thoma) ( Read more... )

New York Times Economic View

Greg Mankiw considers an entirely different kind of innovative monetary easing:

Economic View
It May Be Time for the Fed To Go Negative

N. GREGORY MANKIW
Published: April 18, 2009 WITH unemployment rising and the financial system in shambles, it’s hard not to feel negative about the economy right now. ( Read more... )

Coinciding FOMC statement removes last meeting's claim that the Fed expects the recession to end this year, replaces it with more somber language, and dispels inflation concerns.

CNBC:
Fed's Surprise Move Sends Markets a Mixed MessageThe Federal Reserve’s decision to finally enter the long-end of the Treasury market was taken as a mostly ( Read more... )

"Happy Days Are Here Again!"

Click to view

America has turned Japanese.

And so, in honor of ...

Fed Cuts Key Interest Rate To Between Zero and 0.25%
( Read more... )