In response to the COVID-19 pandemic, almost every state in America is under some sort of stay-at-home order. This unprecedented time has also led many businesses, large and small, to downsize or close up shop entirely. Because of the drastic impact that COVID-19 has had on global and domestic concerns, the Federal Reserve Board has taken a multitude of measures to buttress the American economy.Continue reading “The Federal Reserve’s Unprecedented Moves”
On September 4, 2016 Raghuram Rajan, Governor of India’s Reserve Bank (RBI), will step down from his post and be replaced by Urjit Patel. While Mr. Rajan’s term has been marred by partisan disputes and political differences, his contributions in stabilizing India’s economy cannot and should not be understated or forgotten. Continue reading “Continuity For India’s Central Bank”
On the surface, many investors and market observers feel that the Fed just recently began to tighten monetary policy with a rate hike in December of last year. However, by looking at the Wu-Xia shadow fed funds rate1, the tightening cycle has been underway for quite a bit longer – since mid-2014, in fact.