US Secretary of Treasury Jack Lew speaks to U.S. Federal Reserve Chairman Janet Yellen while waiting to take a group photo during the 2016 Annual Meetings of the International Monetary Fund Headquarters and the World Bank Group on October 6, 2016 in Washington, DC. Global finance leaders publicly confronted the [...]
‘The problem with Quantitative Easing is that it works in practice but it doesn’t work in theory’, dixit Ben Bernanke, previous chairman of the Federal Reserve. And he isn’t wrong because these special ‘tricks’ generally don't have the desired effect without creating negative consequences. Show More Summary
Former Federal Reserve Board Chair Paul Volcker and private equity billionaire Peter Peterson had a NYT column this morning complaining that not enough attention is being paid to the national debt. The piece uses wrong-headed economics...Show More Summary
The pace of Federal Reserve speakers out this week are coupled with a handful of data points that some analysts say may have high impact on the stock markets, the dollar, and, yes, the Fed’s decision on whether to raise interest rates. Monday’s agenda is jammed packed with Fed speakers, including [...]
The risk of a US recession next year is rising fast. The Federal Reserve has no margin for error. Liquidity is suddenly drying up. Early warning indicators from US 'flow of funds' data point to an incipent squeeze, the long-feared capitulation after five successive quarters of declining corporate profits. Show More Summary
``San Francisco Federal Reserve Bank President John Williams on Friday redoubled his call for gradual rate hikes "sooner than later," saying that waiting too long to do so could end up forcing sharp rate hikes that could choke economic growth.'' -- Williams, regrettably, probably has no sway against the market's inherent weakness and instability...
Submitted by Tommy Behnke via The Mises Institute, Say what you want about Donald J. Trump, but he is correct about one thing: the Federal Reserve has, with near certainty, been holding interest rates down for political purposes — namely,...Show More Summary
Just steps away from the Vietnam Memorial, Federal Reserve and State Department, the National Academy of Sciences (NAS) has some of the most respectable real estate in Washington, D.C. It also has one of the District's most beloved statues,...Show More Summary
The Federal Reserve has been teasing the market with an interest rate hike for most of the last five years. Finally, it looks like the most powerful central bank in the world is finally ready to make
Governor Jerome Powell at an open Federal Reserve meeting in Washington. Kevin Lamarque / Reuters June 23, 2015
In "Eisenhower" episodes, the Federal Reserve cuts interest rates slowly and shallowly as the unemployment rises, trusting to the equilibrium-restoring self-stabilizing forces of the economy. It then raises interest rates as the economy recovers. In "murder" episodes, the Federal Reserve kills the expansion in order to fight inflation....
Two years after Alan Greenspan left his nearly 20-year tenure as Federal Reserve Chairman in 2006, one of the biggest financial downturns in history occurred. "Greenspan went from hero when he was Chairman to zero after the  crisis," said Sebastian Mallaby, author of a new biography about Greenspan, titled The Man Who Knew. Video provided by TheStreet
The following article by David Haggith was published first on The Great Recession Blog : The Federal Reserve is, at last, acknowledging at top levels and in fairly clear language that its economists are completely baffled, its recovery...Show More Summary
U.S. economic growth accelerated slightly as summer ended and fall began, supported by modest hiring, an uptick in consumer spending, and steady homebuilding, according to the Federal Reserve. The Fed's … Click to Continue »
Fed's Beige Book "Prepared at the Federal Reserve Bank of Dallas based on information collected on or before October 7, 2016. "Reports from the twelve Federal Reserve Districts suggest national economic activity continued to expand during the reporting period from late August to early October. Show More Summary
At 2 p.m. ET, the Federal Reserve will publish its latest Beige Book. The release is full of so-called 'anecdata:' anecdotes from the Fed's 12 districts that reflect how the local economies are doing and can add some color to the economic...Show More Summary
The Central Banks are going to go absolutely nuclear within the next 18 months. In the last few weeks we’ve seen the Bank of Japan, the Bank of England, the European Central, and the US Federal Reserve all push for fiscal stimulus instead...Show More Summary
While the probability of a November rate-hike has collapsed to just 8.5% (as Dec holda round 65%) it appears regional Federal Reserves have a very different perspective of when Janet should hike. Nine of the Fed’s 12 regional banks sought...Show More Summary
Nick Bunker: Yellen poses important post-Great Recession macroeconomic questions: Last week at a Federal Reserve Bank of Boston conference, Federal Reserve Chair Janet Yellen gave a speech on macroeconomics research in the wake of the Great Recession. She... lists...
What Message Was Embedded In Fischer’s Entire Speech? Human beings tend to look for data that supports their personal bias. This concept applies to interpreting information coming from the Federal Reserve. It would be easy to find portions of Vice Chairman Stanley Fischer’s remarks that support the case for raising rates as well as the [...]