Some have lauded the U.S. Federal Reserve’s first interest rate hike after seven years as a beginning step toward the normalization of monetary policy. In recent remarks at the Bank for International Settlements’ Farewell Symposium in honor of outgoing Chairman Christian Noyer, the Fed’s vice chairman, Stanley Fischer, addressed the issue that has been raised by the BIS for … [Read more...] about The Lean or Clean Controversy
Deutsche Bundesbank
The Sadness of Karl otto Pöhl’s legacy
With the largest ever bond-buying program by the European Central Bank looming, Bundesbankers were in an apprehensive mood when they gathered on January 13 for a commemorative ceremony to mark the passing of the Bundesbank’s former President Karl Otto Pöhl. Pöhl, who for decades served as a member of TIE’s editorial advisory board, passed away December 9, 2014, at the age of … [Read more...] about The Sadness of Karl otto Pöhl’s legacy