Financial Contaigon

It is no secret that China has massive foreign reserve holdings. Some economic and political commentators have expressed vague warnings regarding this fact frequently in recent years. Yet, there really has been no substantive economic reason to fear the quantity of China's reserves. That is, until...

Following Wednesday's Federal Open Market Committee meeting, Federal Reserve Chairman Ben Bernanke held a press conference. During the press conference, Bernanke reiterated the FOMC's view that economic growth was slower than anticipated. When asked why, Bernanke stated that the FOMC had “no...