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Fisher, however, said he isn't ruling out the possibility to vote in favor of reinvesting some maturing and expiring assets of the Fed's balance sheet after the $600 billion bond-buying program, or QE2, ends in June. "It depends on economic conditions, we will have to monitor the conditions,"...

"Monetary policy has to stay ahead of the curb, but before you talk about tightening--and you know I'll be at the front-center when the time comes to tightening--we have to stop accommodating," Fisher told reporters after delivering a speech at a breakfast hosted by The Real Estate Council here...

Dudley's says Fed can be patient as a long iexpectations are well anchored Thats why I'm more concerned about MENA than the perma hawks

Thats true, I confused him with Plosser after he hit the headlines saying the Fed might hike later this year

Lacker says he has not made up his mind about QE2, looks like his mouth is bigger than his balls

Fisher: 'economy needs to normalize before tightening'

SAN JUAN, Puerto Rico (Dow Jones)--A key Federal Reserve official warned Friday against moving prematurely to tighten monetary policy, saying as far as the U.S. economy has come, the recovery process remains "tenuous." "A stronger recovery with more rapid progress toward our dual mandate...

Remember Obama still has the right to appoint 2 more to the Fed's Board(The Diamond position that never fills and Warsh's position). This hawkish revolt might just get him to carefully "research" a few economics professors with dovish tendencies(Call it the White House Strikes Back) The Fed...

The banking crisis started when home prices plunged, well home prices are plunging now. At the very least the Fed will wait till they can see home prices stabilized before they consider starting to exit

To me up to this point it all looks like the so called open mouth operations that they do as the data comes in strong or weaker than expected. I posted the ft alphaville article that laid out the empirical evidence a while back

I don't think I'm rationalizing in this case. Most on the FOMC don't agree with Korche views on employment, he is outlining the worse case scenario for my trade, which I'm comfortable with it and its already part of my plan. I'd say is far more likely he will fail to swing the committee to his...

I'm not sure this is even a bad thing for my trade. Think of this way, the voters at the FOMC have inside their head some kind of Taylor Rule framework calibration of what kind of FF level a certain set of inflation/iexpectations/UR demands. If the hawk is saying his calibration MAY(which sounds...

Question for those angry at Sokol, If he did something wrong, who was warmed by his actions?Assume that Buffett is telling the truth when he said he made his own decision and Sokol has no influence on that other than asking him to take a look at that

You might want to check out money supply growth. Friedman advocated M2 as the best measure, Bernanke through QEs has been able to keep M2 growing at this kind of rate since the crisis started. Yoy is currently at 4.1%, even though it includes both QEs in it. Monetary base is not the same as the...

It doesn't look like he did anything illegal, maybe unethical(But that would be a pretty weird view of ethics, where people are not supposed to be self-interested) Bill Gross does that on massive scale all the time, just dumped all his USTs and now puts letters out saying the gov will default...

I doubt what he did was illegal, people talk their book all the time. Buffett makes his own decisions

It seems to me that if BRKB keeps declining it will be a buying opportunity(I own a small stake there but might buy more). As far as I know if there was insider trading the liabilities will be personal, furthermore the company is so big that even if it weren't it wouldn't matter anyway. I'm...

Try economagic.com

I believe Friedman was upset that The Bank of the United States(one of the largest commercial banks) was not bailed out(Or 'saved') in the Great depression and its failure lead to runs and panic. He said that on 'Free To Choose'. You might want to seek comfort to your extremist views with Murray...

I'm referring to monetary policy He was a big defender of Japanese QE http://krugman.blogs.nytimes.com/2010/10/28/friedman-on-japan/ http://krugman.blogs.nytimes.com/2010/10/29/more-on-friedmanjapan/