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RealTime Economic Issues Watch

A website forum in which senior fellows of the Peterson Institute for International Economics discuss and debate their responses to global economic and financial developments as they occur each day and offer insights that others might overlook.

Archive: Posts Tagged ‘US Federal Reserve Bank’

Low Interest Rates May Be Here To Stay

by Joseph E. Gagnon | October 23rd, 2009 | 09:58 am

One of the most striking features of today’s economy is that interest rates, on everything from bank loans to Treasury bonds, are at 50-year lows. Federal Reserve actions to stabilize the financial system and stimulate economic growth contributed importantly to these low rates. There is much talk lately of the need [...]

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Which Bernanke? Whose Bubble?

by Simon Johnson | August 25th, 2009 | 02:05 pm

Ben Bernanke will be nominated for a second term as chairman of the Federal Reserve. But which Bernanke are we getting? There are at least three.

The Bernanke who led the charge to rescue the US (and world’s) financial system after the Lehman-AIG collapse. [...]

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The Fed Makes a Bid (And Other Thoughts)

by Simon Johnson | July 7th, 2009 | 12:12 pm

Policymakers like to make particular kinds of statements at a “low attention” moment, e.g., right before a holiday weekend. This gets items onto the public record but ensures they do not get too much attention. And if you are asked about these substantive issues down the road, you can [...]

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