Fed Keeps Interest Rates Steady; Markets Unmoved
The Federal Open Market Committee kept its target federal funds rate steady last week in a move that was largely anticipated by markets Markets had priced in previous rate cuts and weren’t looking...
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The Federal Open Market Committee kept its target federal funds rate steady last week in a move that was largely anticipated by markets Markets had priced in previous rate cuts and weren’t looking...
For years, market analysts have wondered when the fourth round of quantitative easing (QE) would occur We all remember QE1, QE2, and QE3, which mainstream economic analysts praise as having saved the...
If you thought that quantitative easing was a thing of the past, a response to the financial crisis that was dead and buried, think again Not only is it not a relic, it is a policy response that has...
One of the most frustrating things for investors to see today is that, despite the fact that the US economy is rapidly heading towards recession, stock markets remain at unusually high valuations...
For decades the Federal Reserve System has tried to resist every attempt at greater transparency and heightened Congressional oversight by claiming that it is “independent” If Congress were to...
While the Federal Reserve’s rate cut last week was fully expected, the reasons behind it are increasingly unclear At the post-FOMC press conference, Fed Chairman Jay Powell seemed to flip flop on...
Alan Greenspan was notorious as a Federal Reserve Board Chairman for engaging in “Fedspeak,” a variation of English that sounded as though he was conveying vast amounts of information but in...
Federal Reserve Chairman Jerome Powell is probably shaking in his boots right now Taking over from Janet Yellen in 2018, he inherited a bubble economy created by his two predecessors that is now on...
More and more people today understand that income inequality in the United States is growing The top 1% keep getting richer and richer while the other 99% largely stagnate The percentage of wealth...
One of the keys to the mainstream’s faith in the financial system is the belief that the Federal Reserve is actually capable of managing interest rates The Fed eases policy to lower interest rates...
While Federal Reserve Chairman Jerome Powell is widely regarded by markets as having caved in to President Trump and having agreed to tone down the Fed’s rate hikes in 2019, some of his other...
One of the more disappointing aspects of President Trump’s tenure is the evolution of his criticism of the Federal Reserve System While candidate Trump rightfully criticized the Fed for...
Only a few days before Fed Chairman Jerome Powell is set to deliver his first address to the Kansas City Fed’s annual Jackson Hole summer gathering, President Trump has made it increasingly clear...
For over one hundred years, monetary policy in the United States has been the purview of the Federal Reserve System Over that period, the dollar’s value has decreased by over 96% as the Fed has...
Most mainstream economic commentary focuses on large headline numbers like the level of the Dow Jones and S&P 500, on the number of jobs created, or on the unemployment rate But far more...
Stock markets continued to reach record levels on Friday as sentiment was buoyed by reports that tax reform proposals had passed their first hurdle in the Senate Many were also cheered by reports...
Most Americans with an opinion on the subject think the free market should set interest rates, not the US Federal Reserve, according to a recent survey from the Cato Institute “Unsurprisingly, a...
Stephen Williamson, an economist at the Federal Reserve Bank of St Louis, joined critics of the US central bank last week by conceding there is no proof that massive intervention in the credit...
The Federal Reserve last week published the minutes from its most recent Federal Open Market Committee (FOMC) meeting That gives a better insight than the monetary policy statement about the...
Federal Reserve Chairman Janet Yellen made headlines recently for her comment that we will never see another financial crisis within our lifetimes It’s mind-numbing that someone in her position...
Recent news reports have indicated that President Trump has filled two of the open positions on the Federal Reserve’s Board of Governors One of them, Randal Quarles, was formerly involved in the...