Required Reading

Clear your Junes and Decembers.

The Federal Reserve Bank of New York, in its ongoing efforts to increase transparency, today announced that it will release the minutes of its Board of Directors meetings….

These postings will take place on a bi-annual basis in June and December of each year. The minutes will be posted with a minimum of a six-month lag. This new policy will apply retroactively to January 2007. Today’s posting includes minutes for meetings held January 2007 through June 2012.

New York Fed to Post Minutes from Board of Directors Meetings [NY Fed press release]


Decision Made, Fed To Hold Meaningless Meeting

There's little drama about what the Federal Reserve will say on Wednesday: It's going to keep buying bonds in its effort to stimulate the economy. But what will the central bank be saying by what it doesn't say?