Does Donald Trump want to get rid of the central banking system that keeps big banks honest and potentially replace it with an impossible system called the “gold standard”? Right now, according to a December 2 report from IB Times, there are hopes that the Federal Reserve will adjust the dollar because Donald Trump getting... Show More Summary
Via Birch Gold Group, Donald Trump is preparing for his entrance to the White House, and a big part of that process involves selecting individuals to fill top-level appointments in his administration. Trump’s picks so far are already...Show More Summary
“U.S. employers hired at a steady clip in November while the unemployment rate fell to the lowest level in nine years, signs of enduring labor-market growth that will likely leave Federal Reserve officials on track to raise interest rates later [...]
The labor market perked up modestly in November as employers added 178,000 jobs and the unemployment rate fell to a nine-yea, providing more evidence of a solid economy in the final payroll report before an expected Federal Reserve interest rate hike
WASHINGTON, Dec 2 (Reuters) - U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. Show More Summary
U.S. employers boosted hiring in November and the unemployment rate dropped to a more than nine-year low of 4.6 percent, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls increased by 178,000 jobs last month, the Labor Department said on Friday. Show More Summary
Washington - US employers likely boosted hiring in November amid growing confidence in the economy, making it almost certain that the Federal Reserve will raise interest rates later this month. Nonfarm payrolls probably increased by 175 000 jobs last month after rising by 161 000 in October, according to a Reuters survey of economists. Show More Summary
Police use a water cannon to put out a fire started by protesters during a protest against plans to pass the Dakota Access pipeline near the Standing Rock Indian Reservation, near Cannon Ball, North Dakota, U.S. November 20, 2016. REUTERS/Stephanie...Show More Summary
“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed.” The post Trump Takes on the Establishment — Literally was originally published at The Wall Street Examiner. Follow the mo...
The Federal Reserve System controls the amount of money that circulates in the United States. The production, though, is done by the Bureau of Engraving and Printing, and the United States Mint. This video shows how much it costs to create dollar bills and coins. Follow Tech Insider: On Facebook Join the conversation about this story »
BUBBLE? As Auto Lending Rises, So Do Delinquencies. On Wednesday, the Federal Reserve Bank of New York noted increasing distress among auto borrowers with shaky credit, as subprime delinquencies rose in the third quarter. In the third quarter, 2 percent of subprime auto loan balances became at least 90 days delinquent, up from 1.6 percent […]
The Federal Reserve on Wednesday supported recent data showing some worrying trends in parts of Manhattan's real estate market. The Beige Book compiled anecdotes from contacts of the 12 regional banks, including the Federal Reserve Bank of New York. Show More Summary
The Federal Reserve reports that the U.S. economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports. The Fed's survey … Click to Continue »
Fed's Beige Book "Prepared at the Federal Reserve Bank of Cleveland based on information collected on or before November 18, 2016."Reports from the twelve Federal Reserve Districts indicate that the economy continued to expand across most regions from early October through mid-November. Show More Summary
The Federal Reserve will at 2 p.m. ET release the Beige Book — its compilation of anecdotes on the economies in its 12 districts. This document has been prepared for the Federal Open Markets Committee's December 13-14 meeting, when it...Show More Summary
The Federal Reserve Bank of New York expressed concern on Wednesday that delinquencies among auto borrowers with shaky credit had been rising.
Steve Mnuchin and Wilbur Ross, Donald Trump's nominees for Treasury Secretary and Commerce Secretary, think Janet Yellen has done a "good job" as chair of the the Federal Reserve. The duo were on CNBC this morning, and host Joe Kernen...Show More Summary
The Q3 report was released today: Household Debt and Credit Report.From the NY Fed: Total Household Debt Remains Sluggish Yet Non-Housing Debt Continues Expanding The Federal Reserve Bank of New York today issued its Quarterly Report...Show More Summary
Consumers boosted their spending again in October, while their incomes increased at the fastest clip in six months. A key gauge of inflation watched by the Federal Reserve posted the fastest 12-month gain in two years. Consumer spending increased 0.3% in October after a revised 0.7% jump in September,...
A Hypothesis: Some (many?) Federal Reserve policymakers seem to believe that if there is a recession, they lose. And they also believe that if inflation gets above 2%/year they will be unable to reduce it to 2%/year without a recession. Thus they do not take an "optimal control" view of...