New Forecasts (central tendency and range of forecasts) in Table 1 below: Long-Run inflation forecast of 1.6-2.0% is basically their target; 2011 and 2012 unemployment
Good find! I recommended this years ago when Karim first introduced me to his Treasury contacts. It moved forward and was passed around for discussion,
[Skip to the end] (email exchange) Thanks, way up! Probably means USD credit is tightening up for non-US institutions, and maybe the unlimited lines are
[Skip to the end] Two ‘bailouts’ today, the Fed asset purchase program and Citibank: Comments on the asset purchase program: Major theme- the answer to
[Skip to the end] (email exchange) Yes, with their unlimited Fed swap lines euro credit is ‘improved’ but seems only for as long as the
[Skip to the end] I’m keeping an eye on crude prices rising a lot more than the USD is falling; so, I suspect the great
[Skip to the end] Functionally, the Fed seems to have agreed to lend USD to the ECB in unlimited quantities unsecured and non-recourse. This defies
[Skip to the end] This is hard to believe. Those CBs don’t have unlimited USD. So, if true, they will be borrowing them from the
[Skip to the end] 1. Fed needs to lend unsecured to any member bank in unlimited quantities and set term as well as ff borrowing
[Skip to the end] The short version of my current alternative proposal to the TARP remains: Normalize bank liquidity by allowing Fed member banks to