US Monetary Policy - Interesting Items

Federal Reserve Governor Lael Brainard provides a much need global perspective to US monetary policy:
http://www.nytimes.com/2016/07/26/business/lael-brainard-donning-a-global-lens-champions-low-rates-at-fed.html

Investors Bet Big on Interest Rates Staying Low. Bloomberg piece notes:

http://www.bloomberg.com/news/articles/2016-07-28/three-things-that-show-investors-are-making-a-huge-bet-on-low-interest-rates

“Fixed income investors are betting that benchmark interest rates will continue to hover around zero percent, pouring billions of dollars into longer-dated bonds and trades that stand to benefit if central banks maintain the status quo. The trend has paid off for many, so far this year, but it faces significant risks.”

In a recent article, Johns Hopkins University monetary economist Larry Ball argues that the Fed could have saved Lehman Brothers in September 2008:
http://www.econ2.jhu.edu/People/Ball/Lehman.pdf

Why the Federal Reserve is rethinking everything

https://www.washingtonpost.com/news/wonk/wp/2016/07/27/why-the-federal-reserve-is-rethinking-everything/

Inequality – Potential Impact on Monetary Policy

http://www.bloomberg.com/news/articles/2016-08-03/why-the-rise-of-the-one-percent-makes-janet-yellen-s-job-harder

UPDATE:

Fed and Inflation Expectations

http://www.bloomberg.com/news/articles/2016-08-12/fed-officials-challenge-decades-of-accepted-wisdom-on-inflation