Balance sheet

A new monetary policy for the Fed

Jane D'Arista, an economist, has proposed a new countercyclical method of monetary control to enhance the Federal Reserve's ability to respond to credit contractions and expansions, in a new paper published by the University of Massachusetts Amherst.

Recovery a long way off: Wellink

Despite strong interventions, recovery of the banking system seems a long way off, said Nout Wellink, the president of the Netherlands Bank and chairman of the Basel Committee on Banking Supervision.

Fed still has weapons - Yellen

Janet Yellen, the president of the Federal Reserve Bank of San Francisco, says the Fed still has weapons left in its arsenal to address a "severely depressed" economy.