Monetary Policy - Updates

Fed – Headed Towards a Gradual Interest Rate Hike Path?

http://www.nytimes.com/2015/12/06/business/fed-might-not-have-the-luxury-of-slow-and-steady-rate-increases.html
Related: http://vivekjayakumar.blogspot.com/2015/12/fed-rate-hike-projections.html

Expectations, Announcements and Policy Actions

Nobel laureate Robert Shiller - Don’t Assume a Fed Action Will Move the Market

http://www.nytimes.com/2015/12/06/upshot/for-any-fed-action-on-interest-rates-an-unforeseeable-reaction.html

Growing Prevalence of Negative Interest Rates in the Advanced World

http://www.nytimes.com/2015/12/04/upshot/why-negative-interest-rates-are-becoming-the-new-normal.html
http://www.economist.com/news/finance-and-economics/21679231-central-banks-are-still-testing-limits-how-low-interest-rates-can-go-bankers

Federal Reserve Chairwoman Janet Yellen on the outlook for the US economy:

http://www.federalreserve.gov/newsevents/speech/yellen20151202a.pdf

Yellen notes –

“Although developments in foreign economies still pose risks to U.S. economic growth that we are monitoring, these downside risks from abroad have lessened since late summer. Among emerging market economies, recent data support the view that the slowdown in the Chinese economy, which has received considerable attention, will likely continue to be modest and gradual. China has taken actions to stimulate its economy this year and could do more if necessary. A number of other emerging market economies have eased monetary and fiscal policy this year, and economic activity in these economies has improved of late. Accommodative monetary policy is also supporting economic growth in the advanced economies.”

Federal Reserve Board of Governor Lael Brainard's interesting speech on monetary policy normalization:
http://www.federalreserve.gov/newsevents/speech/brainard20151201a.pdf