With characteristic vigor, Federal Reserve Bank of Chicago President Charles Evans had a message today for skeptics of the central bank’s unprecedented stimulus measures known as quantitative easing. From auto loans to mortgages and employment, all signs are pointing to...
Read more »
Photograph by Jonathan Alcorn/Bloomberg
Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago.
Evans to Fed Skeptics: QE Working
Photograph by Andrey Rudakov/Bloomberg
An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.
Fed Doesn’t Target Exchange Rates — But if it Did…
Ask Federal Reserve officials about their goals for the U.S. exchange rate, and they will demur. The Fed’s standard response is that the strength or weakness of the dollar is a matter for the U.S. Treasury. Yet one of the...
Read more »
Photograph by Daniel Acker/Bloomberg
Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade.
Fed Exit Looks Harder w/ New Buying
Federal Reserve watchers such as Michael Feroli at JPMorgan Chase & Co. expect the central bank this week to bulk up its balance sheet again by adding $45 billion dollars of monthly Treasury purchases to its standing program of $40...
Read more »
Photograph by Scott Eells/Bloomberg
Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks to the Economic Club of New York on Nov. 20, 2012.
Bernanke’s Green Light for Easing
The latest inflation reports tied to consumer spending give Federal Reserve Chairman Ben Bernanke a green light to consider stepping up asset purchases, or quantitative easing. Today’s Commerce Department report showed that a measure of prices tied to spending advanced 1.7...
Read more »
Photograph by Stephen Yang/Bloomberg
William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.
Fed Hints at More Bond Buying in ’13
Written with Caroline Salas Gage A Federal Reserve policy maker added to hints that the central bank will continue Treasury purchases into 2013 when officials gather for their last meeting of this year. Federal Reserve Bank of New York President...
Read more »
Photograph by Richard Drew/AP Photo
Specialist David Pologruto works at his post on the floor of the New York Stock Exchange, as Federal Reserve Chairman Ben Bernanke holds a news conference in Washington.
Romney: QE3 Just a ‘Sugar High’
Mitt Romney called quantitative easing a “sugar high” today in his first public comments about the Federal Reserve’s plan to stimulate the economy. Speaking to donors in New York City this morning, Romney said his economic policies avoid the need for another round...
Read more »
Photograph by Charles Dharapak/AP Photo
Supporters shout "USA! USA!" as they attempt to drown out a protester as Mitt Romney campaigned in Fairfax, Va., on Sept. 13, 2012.
Romney on Obama’s `Shoot First, Aim Later’ Critique: `Politics’
What does Mitt Romney have to say about President Barack Obama’s “shoot first, aim later” comment about his Republican rival’s approach to important matters? “Well, this is politics,” Romney says. “I’m not going to worry about the campaign.” Romney’s remarks...
Read more »
Photograph by Win McNamee/Getty Images
Mitt Romney campaigns on Sept. 13, 2012 in Fairfax, Virginia.
Romney: Fed Action, Obama Failure
Republican Mitt Romney’s campaign today called the Federal Reserve’s announcement of another round of “quantitative easing” a measure of President Barack Obama’s failure with the economy. “The Federal Reserve’s announcement of a third round of quantitative easing is further confirmation...
Read more »
Photograph by Zhang Jun/Xinhua/Corbis
Federal Reserve Chairman Ben Bernanke testifies before the Joint Economic Committee about the Economic Outlook on Capitol Hill.
Here Comes QE3
A majority of economists believe the Federal Reserve is poised to boost stimulus tomorrow, according to a Bloomberg Survey of 73 economists. Sixty-four percent say the Fed is going to launch a bond-buying program at the conclusion of its meeting today and tomorrow...
Read more »
Photograph by AP Photo
Meeting with President-elect Richard Nixon are from left standing: Bryce Harlow, assistant to the president; Paul McCracken, Chairman of Economics Advisors, Alan Greenspan, advisor to Nixon, Dr. Arthur Burns, seated left, Nixon, and Rep. Wilbur Mills, chairman of the House Ways and Means Committee in New York City on Dec. 4, 1968.
The Fed and the Election Cycle
The Fed is meant to be independent and free from political pressures emanating from Congress or the White House. That hasn’t always been the case. For instance, back in the early 70s, Fed Chairman Arthur Burns was pressured by Richard...
Read more »
Contributors
-
Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
