Should the Fed pop bubbles by raising interest rates?

Posted by & filed under Wonkblog.

Federal Reserve Governor Jeremy Stein gave a speech yesterday that everybody—or at least everybody in the rather small world of monetary policy obsessives—is talking about. He looked at ways monetary policy can encourage bubbles in financial markets, and argued that central banks should be ready to use their control over interest rates to address them…. Read more »

As Rates Increase, Colorado Accounted For Nearly Half Of Xcel’s Record 2012 Profits

Posted by & filed under Red State.

Coloradans serviced by Xcel Energy were responsible for nearly half of the company’s profits in 2012 due to rate hikes implemented last May. According to Xcel’s 2012 Year End Earnings Report released last week, Coloradans who purchased energy from Xcel paid higher rates and helped boost the company’s profit to a record $ 905 million… Read more »