The minutes from the most recent FOMC meeting in late January suggest that rising fears over the potential costs from further quantitative easing could prompt Fed officials to reduce or even halt the...

The Fed’s QE3 policy has contributed to the acceleration in the growth rate of our M3* measure of broad money to a four-year high of 6.5% in January. But the continued expansion in the Fed’s balance...

All the recent talk of currency wars is overdone and holds few implications for the US economy. The rise in the dollar against the yen has just been offset by a fall against the euro. The dollar trade...

The probability is rising that Congress won't act to prevent the sequestration spending cuts taking effect at the start of next month. On paper, that would reduce spending by $110bn per year...