FURTHER FURTHER READING
- A look at Janet Yellen's research.
- Twighlight of the economic elites.
- A roundup of Wall Street's favourite charts.
- Low skills: why worry?
- Tyler Cowen's default scenario.
- Europe: saved by the genius of Spanish bankers (welcome back, Pawel Morski).
FT EVENING ROUND-UP
Yellen's hard task highlighted by the minutes: "Policy makers at the US Federal Reserve were split over the merits of slowing its $85bn a month asset purchases in September, highlighting the difficult task facing Janet Yellen as she prepares to take chairmanship of the central bank." (Financial Times)
Obama steps up discussions with Congress to end budget stand-off: "Barack Obama is stepping up discussions with Congress as US political leaders seek a way out of a budget crisis that could leave the country without the money to pay its bills before the end of the month. The president will meet about 20 senior Republicans from the House of Representatives at the White House on Thursday, after talks with members of his Democratic party on Wednesday evening." (Financial Times)
US default swaps trade soars on debt fear: "Growing investor fears that Washington could miss a payment on its debt has led to a surge in activity in the once-sleepy market for derivatives that insure against a US default." (Financial Times)
