"What worries you?" asks a Bloomberg TV anchor of billionaire investor Jim Rogers. Rogers was not shy in his response: "The Federal Reserve... has no clue what they are doing. They are going to ruin us all." Having driven rates to record...Show More Summary
Federal Reserve Chair Janet Yellen went out of her way during her March press conference to emphasize the central bank's decision to raise interest rates by a quarter percentage point was predicated on past economic performance, notShow More Summary
The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve's monetary policy, a proposal Fed policymakers have opposed and likely faces a difficult path to final approval in the Senate. Show More Summary
If you ever had any reservations about who's shilling for the Federal Reserve, look no further than today's vote on increasing oversight into the Federal Reserve, including an audit. The bill was passed by way of verbal vote and will...Show More Summary
New research and analysis from Federal Reserve economists reveal a problem of mismatches between workers, salaries and productivity, but doesn’t identify and discuss the structural cause of the problem: counterproductive recruiting, writes Ask the Headhunter columnist Nick Corcodilos. Show More Summary
There is a chasm opening up in the US economy in the post-Trump landscape between enthusiasm and actual results. "Compare the New York Federal Reserve Bank's current 1Q GDP tracking vs ours—FRBNY is currently tracking 1Q GDP at 3.0% versus us around 1%. Show More Summary
Data from the US Federal Reserve shows that the $2 trillion market for commercial and industrial loans peaked in December. The sector has weakened abruptly as lenders tighten credit, especially for non-residential property. Over the last three months it has dropped at a rate of 5.4pc on annual basis, a pace of decline not seen since December 2008. Show More Summary
US monetary policy has been the target of substantial criticism over the years. This column outlines one key area where the Federal Reserve has done remarkably well – managing price stability. Its ability to control inflation is a key reason that, for the sake of the US and global economies, the Fed’s independence should be preserved.
Federal Reserve officials were watching as the Republican bill to repeal and replace Obamacare flamed out in Congress on Friday. Both Fed Vice Chair Stanley Fischer and Chicago Fed President Charles Evans said they were keeping an eye...Show More Summary
U.S. President Donald Trump’s administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows that coal miners with the most to gain already have enough leases in hand to last well over a...
The Richmond Federal Reserve Bank said that manufacturing activity in its district expanded at its fastest rate since April 2010. The composite index of general business activity increased from 17...
The Dallas Federal Reserve Bank reported that manufacturing activity expanded in March for the sixth straight month, even as it pulled back somewhat from its fastest rate since April 2006....
Gold prices jumped to a one month high Monday as the precious metal extended its rally since the U.S. Federal Reserve rate hike earlier this month amid a collapse in the dollar and increased global market uncertainty. Spot gold was marked $13.70, or 1.1% higher at $1258.50 per ounce
According to the Federal Reserve Bank of New York last week, one-third of Americans say they would struggle to raise $2,000 in the event that they were hit with an emergency. That indication of ongoing financial fragility is especially sobering because such emergencies can and do happen. Imagine,...
The past week was full of Federal Reserve speeches, which, yeah, I wouldn’t blame you one bit if you tuned them out completely. But I listen to what they say, The post Are You Listening? was originally published at The Wall Street Examiner. Follow the money!
A stock market crash could be on the horizon as the Federal Reserve is moving forward with interest rate hikes. The post A Stock Market Crash Is More Likely as Interest Rates Rise was originally published at The Wall Street Examiner. Follow the money!
North Korea may have played a role in one of the biggest bank heists of all time. The cyber theft happened last February. Thieves possibly linked to North Korea stole $81 million from Bangladesh's account at the Federal Reserve Bank of New York. Investigators are trying to determine if North Korea's dictator Kim Jong Un is behind the theft. Vladimir Duthiers reports.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve's System Open Market Account (SOMA) portfolio. The post US: $0.200B CouponPurchase 2017-03-22 NYFed permanent open market operations was originally published at The Wall Street Examiner. Follow the money!
Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that the U.S. education system needs an overhaul and called for more parental choice, failing schools to be shut down and additional research to tackle issues. “We must not stand still – not just for the sake of...
The Kansas City Federal Reserve Bank said that manufacturing activity expanded in March at its fastest rate since May 2011. The composite index of general business conditions rose from 14...