tag:blogger.com,1999:blog-2175221250397068442.post450364885810563906..comments2023-09-20T14:49:49.816+02:00Comments on fasesdelabolsa: Weather obscures economic conditions: Beige Book Billiehttp://www.blogger.com/profile/10170799879562687416noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2175221250397068442.post-26719811101120971402014-03-06T18:51:45.600+01:002014-03-06T18:51:45.600+01:00WASHINGTON (MarketWatch) -- Philadelphia Federal R...WASHINGTON (MarketWatch) -- Philadelphia Federal Reserve President Charles Plosser said Thursday he is concerned about how the central bank's asset purchase program is impacting the economy. "I am very worried about the potential for unintended consequences of all this action," Plosser said in an interview on CNBC. "We've never done this before," he said. The exit from the Fed's ultra-low monetary policy could be challenging, he said. "If you don't have Plan B, you don't have a plan," Plosser said. Plosser is a voting member of the Fed's policy committee this year. His comments echo remarks made Wednesday by Dallas Fed President Richard Fisher, who said high stock prices might be one sign that "quantitative easing has overstayed its welcome." El Geniohttps://www.blogger.com/profile/08742294875329795608noreply@blogger.comtag:blogger.com,1999:blog-2175221250397068442.post-67983946995248039262014-03-06T01:28:41.598+01:002014-03-06T01:28:41.598+01:00WASHINGTON (MarketWatch) -- Federal Reserve Chairw...WASHINGTON (MarketWatch) -- Federal Reserve Chairwoman Janet Yellen promised Wednesday that she would take more steps to make the central bank more open. In remarks at her ceremonial swearing-in, Yellen noted that former Fed chairman Ben Bernanke had decided in 2011 to hold periodic press conferences. "I promise to build on his legacy," Yellen said. The new chairwoman, who was sworn in privately in early February, said that the economy is stronger and the financial system is sounder since Bernanke started his second term in 2010. "We have come a long way, but we have further to go," she told a private audience that included Treasury Secretary Jacob Lew. Yellen said she would never forget that there were individual lives behind the statistics used to gauge the health of the economy. "When we make progress toward our goals, each job that is created lifts this burden from someone who is better equipped to be a good parent, to build a stronger community, and to contribute to a more prosperous nation," she saidgeniopolis.nethttps://www.blogger.com/profile/11496455762705098909noreply@blogger.comtag:blogger.com,1999:blog-2175221250397068442.post-55424853278784936402014-03-06T01:25:16.945+01:002014-03-06T01:25:16.945+01:00WASHINGTON (MarketWatch) -- Richard Fisher, presid...WASHINGTON (MarketWatch) -- Richard Fisher, president of the Federal Reserve Bank of Dallas, on Wednesday said he was concerned about "eye-popping levels" of some stock market metrics, and said the central bank has to monitor the signs carefully to make sure another bubble isn't forming. In his speech in Mexico City, Fisher said some indicators like the price-to-projected forward earnings, price-to-sales ratios and market capitalization as a percentage of GDP, are at levels not seen since the dot-com boom of the late 1990s. He noted that margin debt is pushing up against all-time records. "We must monitor these indicators very carefully so as to ensure that the ghost of 'irrational exuberance' does not haunt us again," Fisher said. While a few Fed officials have mentioned unease about stock prices, Fisher's comments are the most pointed to date. Fisher did not spare the bond market, saying that narrow spreads between corporate and Treasury debt "reflect lower risk premia on top of already abnormally low nominal yields." Fisher is a voting member of the Fed's monetary policy committee this year. He has been a strong opponent of the Fed's latest round of asset purchases. geniopolis.nethttps://www.blogger.com/profile/11496455762705098909noreply@blogger.com