Fed’s New Obsession with ELB

(1) Is ELB the same as zero, or something south of that? (2) Slippery slope. (3) Should the Fed have done more? (4) Wondering what to do if ELB goes to zero? Ask the ECB and BOJ! (5) Recalling Powell’s recent ELB nightmare speech. (6) The Fed has become the world’s central bank of last resort. (7) Three reasons why the Fed eased at the end of July. (8) A few by-the-way comments on financial stability. (9) Fed’s pirouette puts focus back on ELB. (10) History lesson: QE2 was the alternative to negative rates.