One theory inside the Fed is that what matters for mortgage rates isn't the central bank's day-to-day purchases, but the magnitude of mortgages that it has taken from the private sector.
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Lord Turner says that the conventional institutions that we look to provide stability for the financial system and the economy - micro-prudential regulators such as the FSA or central banks like the Bank of England - don't have adequate tools for the task.
"As long as inflationary expectations remain firmly anchored, " it said, "fears about high inflation" shouldn't prevent central banks from pursuing their easy-money policies.
It doesn't hurt that the rooms have central air-conditioning, and you can always retreat to the spa, which offers two treatment areas overlooking the wild, sandy terrain.
But the inflation hasn't arrived, despite all the money-printing by central banks.
While the joint central-bank effort didn't address the fundamental problems associated with European government debt, it underscored a "sense of urgency" to address the broad issues ailing the global financial system, said Seth Setrakian, co-head of trading at First New York Securities.
Officials at China's securities regulator, central bank and foreign-exchange regulator couldn't be reached for comment.
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Mr Barber said that "the central lessons of this summer - that private isn't always best and the market doesn't always deliver - surely need to shape future policy".
And while there may not be much depth in central defense, the World Cup isn't a season-long competition: As long as your starters remain healthy and available for seven games, you're fine.
"The range trading seen in both the stock and bond markets recently shows that investors don't have any clear expectations for the central bank's future monetary-policy direction, " said Yang Delong, a fund manager at China Southern Fund Co.
Americans are on the move again, this time from exurb and suburb to downtown, not only where you might expect it -- San Francisco -- but also where you wouldn't: Cleveland's most central census tracts added 20% to their population from 2000 to 2010.
And they simple don't know how the ECB would react - whether it would do something that central banks are never supposed to do, which is provide unsecured loans, or whether it would allow the bank to fall over, and risk a chain reaction of collapsing banks.
Under the program, the BOJ buys not only government bonds, but also corporate bonds, equity and real-estate funds, a move other major central banks don't employ.
Well, almost here -- the game becomes publicly available tomorrow, and the app won't launch for a few weeks still -- but we got our hands on Dance Central 3's SmartGlass companion app a bit early at a New York City review event last week.
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Audits are common and can take at least two months, but DiNapoli moved up the review in response to a New York Post report about Apple being the only retailer in Grand Central that won't be paying a percentage of sales to the cash-strapped MTA, a comptroller official said.
Adding to the gloomy mood, European Central Bank governing council member Ewald Nowotny said he didn't see the euro-zone economy improving significantly in the near future.
Greece was also in the spotlight, as European Central Bank executive board member Joerg Asmussen said the central bank won't take part in any potential debt restructuring of the debt-laden country.
At a news conference, Fed Chairman Ben Bernanke said he didn't see the recent stock-market gains as out of line with historical patterns and underscored the central bank's commitment to monitoring developments in Cyprus.
But if the company is shut down, it won't be because of the appalling conditions at its barns--which house 7 million hens--scattered across central Ohio farmland.
If the clouds lift and the euro-zone crisis is somehow resolved (don't bet the house on this), then the European Central Bank will tighten monetary policy and add to borrowers' mortgage payments.
"However you can't simple reclassify books from fiction to non-fiction, " he said, explaining that classifications were decided at a central level.
Our central bank hasn't yet fully grasped the inadequacies of domestic monetary measures, given that almost two-thirds of our hard currency circulates outside our borders.
As we began down a central rough-hewn path between the buildings, I stopped, suddenly aware that I wasn't just looking at a centuries-old village, but an architectural time capsule.
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Bernanke's actions recall those of the Fed during the early years of the Depression, when our central bank wouldn't ease in the face of a catastrophic contraction for fear of igniting a German-style inflation.
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