Daily Three: Student Loan Defaults, A Divided Fed and “Whatever is Needed”
- Over 16% of those with federal student loan debt have not made a payment in at least a year and are in default. The Wall Street Journal
- At their latest meeting U.S. Federal Reserve members were divided over whether the fed funds rate should be increased. The Washington Post
- The Vice President of the European Central Bank stated the central bank is willing to do “whatever is needed” regarding output and inflation targeting. Bloomberg