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A week ago the Fed announced its latest expansion to its Fixed-Rate Reverse Repo facility, which boosted the maximum allotment per counterparty to a whopping $3 billion from $1 billion (initially this was "only" $500 million), to wit:
More should be done for the banks. Instead of being paid interest on their bank deposits, people should be penalized for keeping their money in banks instead of spending it.
$936 billion, is parked within very fungible cash accounts of foreign (read European) banks operating in the US. What is also shown is the Fed continues to fund European banks with hundreds of billions in cash on a week by week basis.
Here is a graph of the Monetary Base from the St. Louis Fed.
The Federal Reserve's latest easing program may be nicknamed "QE Infinity" on Wall Street, but it's having a very limited effect on the markets and economy so far.
James Bullard, head of the Saint Louis Federal Reserve, is known for his hawkish stance on Federal Reserve policy, and he's been an outspoken critic of additional monetary easing.
Congressman Ron Paul, Chairman of the Domestic Monetary Policy and Technology Subcommittee, announced the subcommittee will examine the effects of the Federal Reserve’s interest rate policy on the American people.
What was the Fed hiding that made some so resistant to an audit of its secretive financial activities? The answer may surprise you...
Brent futures rose for a fourth day to around $116 per barrel, helped by persistent hopes for stimulus measures from central banks in the United States and Europe, with key policy meetings scheduled for this week and next. Prices were also underpi
It absolutely forbade the States to issue bills of credit, did not give the federal government itself power to do so, and was meant practically to prohibit the use of any currency which was not at least based directly upon gold and silver.”
A massive trove of gold kept under lock and key five stories below Manhattan at the New York Federal Reserve has been undergoing its first audit in history.
Ben Swann Reality Check takes a look at history and present activities of the Federal Reserve Bank and whether the Fed needs to be audited.
The last Ron Paul vs Bernanke in committee.
Federal Reserve Chairman Ben S. Bernanke told lawmakers Tuesday that the central bank did all it was required to do after learning in 2008 of the manipulation of the Libor interest rate, including notifying counterparts in Britain. But Bank of
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this causes recurrent boom and bust cycles: bad policie
Visa, MasterCard and several of the nation’s largest banks have agreed to pay as much as $7.25 billion to settle retailers’ complaints over the fees they are charged each time a customer swipes a credit or debit card, according to court documents fil
Three top Federal Reserve policymakers on Monday laid the groundwork for a third round of bond purchases, saying the U.S. recovery was weak and unemployment far too high.
Fractional reserve banking is the practice by which banks accept deposits but only keep a fraction of those deposits on hand at any time. In practice, nearly 100% of deposits are loaned out, yet depositors believe they can withdraw the full amount of
Regulators took another step toward ending the era of "too big to fail" Tuesday, releasing so-called living wills, guidelines for unwinding nine of the largest banks doing business in the United States.
House Oversight and Government Reform Committee, Noncosponsors The House Oversight and Government Reform Committee will hold a markup on Audit the Fed, H.R. 459, possibly even as soon as next week! The following members of the committee have y
The Federal Reserve is trying again to jolt the American economy out of its stalled recovery. It's extending a program that aims to encourage borrowing and spending by reducing long-term interest rates.
The U.S. central bank will most likely ease monetary policy when it meets this week as recent data point to a worsening labor market and the crisis in Europe intensifies, Goldman Sachs said.
Sense those hooves pounding around the world? Little surprise that these four bedfellows have in their reins the fate of humanity, even life on Earth. Profit and conquest are all that matter; there is no such thing as enough, only, more. King C
Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.
After Bernanke's testimony on Thursday, expectations that the Fed would do QE3 at its June 20 dropped sharply.
The Federal Reserve released a proposal to enact an international agreement on higher capital standards for banks, known as Basel III, that largely rejects pleas by the U.S. banking industry to soften parts of the new standards.
With Europe falling deeper into crisis and Congress paralyzed, only one institution may have the flexibility to try to keep the U.S. economic recovery on track: the Federal Reserve. But the Fed faces a daunting burden. Any new action could provoke
US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says.
GOP leadership in the House of Representatives announcedthat legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July.
