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Fed holds off slowing bond purchases, says it wants to see more data before reducing support
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class war
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US stocks Monday followed global markets higher, rallying on Larry Summers’s withdrawal as a candidate to lead the US Federal Reserve. Five minutes into trade, the Dow Jones Industrial Average jumped 148.37 (0.96 percent) to 15,524.43 The broad
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Larry Summers’ failed bid to succeed Ben Bernanke as chairman of the Federal Reserve came down to three things: politics, policy and personality
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President Obama faces big fights with Republicans this fall on spending and raising the government’s debt. But now he won’t face a potentially bruising battle with fellow Democrats over confirming one of his closest economic aides,
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The White House is disputing a Japanese newspaper's report that former Treasury Secretary Lawrence Summers will be named the next chairman of the Federal Reserve by President Obama.
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... A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices.
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The theatrics this time around will certainly be spectacular, but the end result will be the same: after much yelling, screaming, posturing and crying, the US debt ceiling will once again be raised.
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INSIDE THE FEDERAL RESERVE
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Between the two of them, this much: $1,414 billion, or 25% of all foreign held US Treasury paper.
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Minneapolis Fed President Narayana Kocherlakota is speaking at the University of Wisconsin this evening.
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National regulators must also be equipped with a set of tools to allow imposition of capital and liquidity requirements or temporary limits on how much cash clients can pull out to avoid the destabilizing "runs" on money market funds seen
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The global economy could be in the early stages of another crisis. Once again, the US Federal Reserve is in the eye of the storm.
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Oh how the house of cards is falling. I cannot wait until the bandage is ripped off and we can endure the pain and see better days. I cannot wait to see all these fuckers hang.
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Gov't says Bernanke should not have to testify in AIG case absent extraordinary circumstances
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As everyone knows (since the data is public), in the most recent week the Fed's balance sheet rose to a record $3.646 trillion, an increase of $61 billion in the past week, and a record increase of $813 billion over the past year, a whopping 30% rise
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There is one problem with the Fed's plan that bond yields will progress ever higher in calm, cool and collected fashion from here to 3%, 4%, 5% and onward: it assumes that those who don't sell today, will patiently await turn to sell (with much bigge
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According to the press accounts, the race to replace Ben Bernanke is centered on two people – Janet Yellen and Larry Summers – with Summers on the inside track.
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Every now and then I like to look at government numbers and see what they really mean.
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A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve.
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Two weeks ago, Larry Summers was a long-shot 4/1 odds of becoming the next Fed Chair while Janet Yellen (at 1/3) was a 75% probable shoe-in.
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For what may be the first time in the 100-year history of the Federal Reserve System, two candidates are publicly contending to replace the Fed’s outgoing chairman, Ben Bernanke. Janet Yellen, vice chairwoman of the Fed’s Board of Governors, is sa
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A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases. He said the Federal Reserve didn't have the authority to set the limit the way it did in 2011,
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A judge has ordered Ben Bernanke, the Federal Reserve chairman, to testify about the bailout of AIG in a case where the government is accused of illegally appropriating the insurer and using it “to covertly funnel billions of dollars to foreign entit
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“If he appoints Larry Summers it is over,” he remarked. “There is no one that can make the case that President Obama is actually a progressive at heart. ‘Oh, wait for the second term. In the second term he’ll be really progressive.’
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Many on Wall Street believe the Federal Reserve's monetary policy is behind record corporate earnings and the stock market's surge to all-time highs this year.
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Federal Reserve Chairman Bernanke delivered ... Congressional testimony before leaving the Federal Reserve.... Bernanke inadvertently made clear was that the needs of Wall Street trump Main street, the economy, and sound money.
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The chart below will likely come as a surprise to most. It shows total nominal US defense spending, more importantly it shows that such spending has been rapidly declining since 2010.
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We are printing money, just not literally, Bernanke told policymakers, while contradicting himself regarding recent record highs in stock markets, first attributing them both to the strength of the economy and the impacts of monetary policy.
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Federal Reserve Chairman Ben Bernanke highlights risks to the Fed’s economic outlook in his prepared testimony to Congress Wednesday.
