Goldman/Bloomberg Use a Pretty Picture to Paint a Not-So-Pretty Picture of the World Economy

Bloomberg is arguably the best source of financial/economic journalism today (and free too!).  However, this week they wrote up a story that seems to be an irresponsible analysis. Continue reading Goldman/Bloomberg Use a Pretty Picture to Paint a Not-So-Pretty Picture of the World Economy

Responding to St. Louis Fed President Bullard’s Call to Reduce the Fed’s Balance Sheet

The CEO and President of the St. Louis Regional Federal Reserve Bank, James Bullard, recently offered a presentation (here) making a case for reducing the size of the Fed’s balance sheet—at about $4.5 trillion as a result of the Fed’s crisis response (as opposed to less than $1 trillion pre-crisis).  Bullard made several excellent points but I wanted to highlight and/or push back against a few. Continue reading Responding to St. Louis Fed President Bullard’s Call to Reduce the Fed’s Balance Sheet