Markets

Fed Governor Introduces The ‘Stein Rule’

Federal Reserve Governor Jeremy Stein is speaking today in Frankfurt, Germany on monetary policy. In his speech, Stein said the Fed should tie tapering of quantitative easing directly to a specific labour market indicator, like the unemployment rate. “My personal preference would be to make future step-downs a completely deterministic […]
Fed Governor Introduces The ‘Stein Rule’
News

Obama Announces New Federal Reserve Board Nominees

[credit provider=”Harvard” url=”http://www.economics.harvard.edu/faculty/stein/photos”] Update: It’s official. See below for the White House press release.Original: President Barack Obama Is expected today to announce two nominees to serve on the Federal Reserve Board, The Wall Street Journal reports.
Obama Announces New Federal Reserve Board Nominees