Fed Will Maintain Asset Purchases until Employment Recovers

On the menu today: FOMC December meeting, the dollar’s global-reserve status, a theory of IPO pops, and a look at

The Fake Controversy around Steve Mnuchin’s Fed Letter

Silly debates over whether emergency credit-facility programs should be allowed to expire — they should — distract from a more

The Capital Note: Google Under Attack, the Fed Frets about Risk

On the menu today: The war on Google, the Fed worries about what ultra-low interest rates might mean, the Biden

The Capital Letter: Week of October 5

The politics of stimulus, trade deficits, big government and big tech and more.

The Capital Note: Forward Guidance & the Fate of Cities

On the menu today: the Fed’s forward guidance, the fate of cities, and the use of collateral in emerging markets.

Federal Reserve to Inject $1.5 Trillion into Markets to Offset Economic Impact of Coronavirus

The Federal Reserve on Thursday announced it would inject $1.5 trillion into short-term markets to offset the economic impact of