RSS feedDonald Kohn
’To: Ben Bernanke Re: Everyone thinks Lehman is &!@%#!
Economics of Contempt is once again digging up bits of the Valukas Report.
Much more — in particular the Fed’s back-up plans for the busted bank –at EofC.
Kohn departs from Federal Reserve
Spotted on Monday — a dove leaving the Federal Reserve.
No, not that kind of dove.
The other, deflationary-leaning, kind.
Donald Kohn has told the Federal Reserve he intends to resign from the Board of Governors,
Fed slacker fightback
Here’s further evidence that the Fed is somewhat split on the output gap theory and the amount of ‘slack’ in the US economy — and by extension, the inflation and deflation risks that face it.
Slack occurs when the output gap is a negative number — when the economy is below its full potential.
Fed capitulates, redux: quantitative easing in the USA
Finally. Something of a little monetary clarity from the Fed. Quite a dramatic set of admissions really.
The below are statements we’re just getting across the wires from the Fed’s second in command,
Fed stance sends equities soaring
Equity markets in the US and Europe enjoyed one of their best days in over four years on Wednesday and Asian stocks rallied Thursday as comments by Donald Kohn, vice-chairman of the Fed, appeared to increase the chances of a cut in US interest rates next month.