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Keyword: fed

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  • ‘Blames World’ "...the Fed is the author of its own failures..."

    02/12/2016 4:24:59 AM PST · by expat_panama · 11 replies
    New York Sun ^ | February 11, 2016 | Editorial of The New York Sun
    If Ben Bernanke's epitaph is going to be "We could raise interest in 11 minutes if we have to," what will be written on his successor's tombstone? How about "Blames World." That is the headline up today on the Drudge Report. It links to a dispatch of the Agence France Press on Janet Yellen's growing concerns over a worsening financial situation less than two months after she raised interest rates as a sign of confidence in the improving economy. What an opportunity for Senator Ted Cruz... The story, pegged to Mrs. Yellen's semi-annual testimony yesterday to the House Financial Services...
  • Here Is The Exchange That Left A Stunned Janet Yellen Looking Like A Deer In Headlights

    02/10/2016 7:51:19 PM PST · by Nachum · 23 replies
    zero hedge ^ | 2/1016 | tyler durden
    For nearly one year, Wisconsin Rep. Sean Duffy has been Janet Yellen's nemesis over the ongoing probe into Fed leakage of material inside information via Medley Global and any other undisclosed channels, one which has seen subpoeans be lobbed at the Fed which has been doing everything in its power to stall said probe, and which cost Pedro da Costa his job when he dared to ask questions at a Fed presser that were not precleared by his WSJ "Fed mouthpiece" peers. Today, during Yellen's appearance before the House Financial Services committee, Duffy finally had enough, and in a heated...
  • Gold Surges Back Into The Green After $1.2 Billion Morning Plunge

    02/05/2016 12:47:53 PM PST · by amorphous · 4 replies
    Zero Hedge ^ | 5 Feb 2016 | Tyler Durden
    After someone decided to dump $1.2 billion notional in gold futures this morning as the jobs data hit - sparking a $20 tumble in the precious metal - it appears stock sellers are greatly rotating to the safety of bullion (over bonds)...
  • Is The Fed "Seriously Considering" Negative Interest Rates?

    02/04/2016 9:57:02 AM PST · by Former Proud Canadian · 36 replies
    Zerohedge ^ | February 4, 2016 | Tyler Durden
    The Fed may "seriously consider" negative rates after moving rates back to zero, reintroducing forward guidance and making "stronger pleas" to Congress for fiscal policy action as there are complications for money markets, according to BofAML strategist Mark Cabana. This would not be a total surprise as Mises Institute's Joseph Salerno warns recent Fed commentary suggests they want to test-drive negative interest rates... In 2016, the Fed's annual stress test on banks will include a scenario in which the interest rate on the three-month U.S. Treasury bill becomes negative in the second quarter of 2016 and then declines to -0.5%,...
  • Fed stress-tests negative interest rate idea

    02/02/2016 8:53:37 PM PST · by Leaning Right · 20 replies
    Reuters via CNBC ^ | Feb. 2, 2016 | Richard Beales
    The Federal Reserve started raising official interest rates in December. But in the stress tests that large U.S. banks have to undergo, the central bank is hypothesizing that short-term Treasury yields could drop below zero. The European Central Bank and, since Friday, the Bank of Japan are trying it with policy benchmarks. Though negative U.S. interest rates are for now only in the Fed's worst-case scenario, they are becoming a plausible downturn assumption.
  • Lawrence Kudlow: Fed Freaks Out About Markets It’s Unable To Read

    02/02/2016 3:57:48 AM PST · by expat_panama · 33 replies
    Investors Business Daily ^ | Feb. 1, 2016 | LAWRENCE KUDLOW
    Early in the new year, on Sunday, Jan. 3, Federal Reserve Vice Chairman Stanley Fischer delivered a hawkish speech to the American Economic Association. Completely misreading the economy, which is woefully weak while inflation is virtually nil, Fischer strongly hinted that the Fed would be raising its target rate by a quarter of a percent every quarter for the next three years. The next day, Standard & Poor's 500 index dropped 1.5%. In the week that followed, the broad index fell 6%. The week after that, it fell over 2%. During that two-week period, the Dow Jones dropped 1,437 points....
  • EXCLUSIVE: Secret Fed Docs Show Obama Misled Congress, Public During Debt Limit Crises

    01/31/2016 6:45:38 PM PST · by SoFloFreeper · 24 replies
    The Daily Caller ^ | 1/31/16 | Richard Pollock
    Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were "unworkable," according to a new report by the House Financial Services Committee obtained by The Daily Caller News Foundation. The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will...
  • EXCLUSIVE: Secret Fed Docs Show Obama Misled Congress, Public During Debt Limit Crises

    01/31/2016 10:11:50 PM PST · by Nachum · 22 replies
    Daily Caller ^ | 1/31/16 | Richard Pollack
    Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable,” according to a new report by the House Financial Services Committee obtained by The Daily Caller News Foundation. The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will...
  • 5 Things to Watch at the Fed Meeting

    01/27/2016 3:07:28 AM PST · by expat_panama · 3 replies
    Wall Street Journal ^ | 26 Jan 2016 | Ben Leubsdorf
    The Federal Reserve this week will update its assessment of the U.S. economy and could take note of recent volatility in global financial markets. But any move or definite signal on interest rates is extremely unlikely. All the action will come in Wednesday’s policy statement, due out at 2 p.m. EST, since Chairwoman Janet Yellen isn’t scheduled to hold a press conference and officials won’t release updated economic projections until March. Here are five things to watch out of the two-day policy meeting that starts Tuesday. 1 Flexible Messaging The Fed won’t raise its benchmark federal-funds rate on Wednesday... 2...
  • Will the Fed have to undo its rate hike?

    01/20/2016 8:49:58 AM PST · by Citizen Zed · 11 replies
    cnbc ^ | 1-19-2016 | Ron Insana
    Well, I guess we can rule out another rate hike in January. That's what economists are saying, not that anyone seriously believed that the Federal Reserve was going to engage in back-to-back hikes after promising that rates would go up only gradually in the months ahead. With Wall Street off to its worst annual start in history, stock prices have been but one indicator that the economy could slow in the weeks and months ahead. That should give the Fed pause. Stocks, of course, have not been the only market-based gauge to suggest that both the domestic, and global, economies...
  • Fed Sent Record $97.7 Billion in Profits to U.S. Treasury in 2015

    01/12/2016 8:49:57 AM PST · by Citizen Zed · 9 replies
    wsj ^ | 1-11-2016 | BEN LEUBSDORF
    WASHINGTON - The Federal Reserve handed over a record $97.7 billion in profits to the Treasury Department in 2015, according to preliminary figures released Monday.
  • The Deflation Monster Has Arrived

    01/16/2016 10:19:48 AM PST · by SkyPilot · 115 replies
    Zero Hedge ^ | 16 Jan 16 | Tyler Durden
    As we’ve been warning for quite a while (too long for my taste): the world’s grand experiment with debt has come to an end. And it’s now unraveling. Just in the two weeks since the start of 2016, the US equity markets are down almost 10%. Their worst start to the year in history. Many other markets across the world are suffering worse. If you watched stock prices today, you likely had flashbacks to the financial crisis of 2008. At one point the Dow was down over 500 points, the S&P cracked below key support at 1,900, and the price...
  • Atlanta Fed Waits Until The Close To Reveal 0.6% Q4 GDP Estimate

    01/15/2016 2:17:48 PM PST · by Nachum · 30 replies
    zero hedge ^ | 1/15/16 | tyler durden
    With less than half an hour until the close, we asked the Atlanta Fed - the most accurate predictor of GDP - which was scheduled to post an update of its Q4 GDP NowCast following today's ugly economic data, if it was was planning on releasing its latest Q4 GDP estimate before or after the close, something it usually does just before noon.
  • Federal Reserve will pay banks $12 billion in 2016

    12/24/2015 10:30:21 AM PST · by Toddsterpatriot · 15 replies
    Yahoo! Finance ^ | Dec 24, 2015 | Jared Blikre
    In 2016, the Federal Reserve will pay at least $12.2 billion to U.S. and foreign banks to keep the money created via its quantitative easing programs out of the economy. If the Fed raises rates as expected next year, the amount nearly doubles to $23.1 billion. From 2008 to 2015, the Fed purchased over $4 trillion worth of bonds to stimulate growth in the economy. Risk markets responded, as is demonstrated by the close correlation between the S&P 500 and growth of the Fed's balance sheet through its bond purchases.
  • 'Fediculous!' Why the Fed's Loose Money Sank the Economy

    12/17/2015 5:30:29 AM PST · by xzins · 27 replies
    CBN ^ | 12-17-2015 | Stephen Moore
    Nothing is more bungled in Washington than the role of money in our economy- and that's saying a lot. Almost no one understands how our dollar policy works, and those that say they do are the ones who screwed things all up. The Fed has today bid farewell to seven years of its zero interest rate policy. Hooray. Wall Street is petrified because investors have become hyper-dependent on this zero rate scheme and the floods of dollars injected into the economy just as an addict craves crack cocaine. But the high from easy money, just as with any hallucinogenic drug,...
  • Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years

    12/16/2015 3:50:54 PM PST · by Nachum · 8 replies
    zero hedge ^ | 1216/15 | tyler durden
    On the 7th anniversary of entering ZIRP, and for the first time since June 29th 2006, The Federal Reserve announced today that it will try and raise interest rates: *FED RAISES INTEREST RATES 0.25 POINT IN UNANIMOUS VOTE Of course, the flowery language and dots are as dovish as possible while maintaining some semblance of credibility with regard growth expectations as The Fed unleashes a tightening cycle for the first time in over 11 years.
  • Fed raises interest rates for first time nearly a decade, citing ongoing U.S. recover

    12/16/2015 1:07:38 PM PST · by SeekAndFind · 29 replies
    Reuters ^ | 12/16/2015 | BY HOWARD SCHNEIDER AND JASON LANGE
    The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs. "With the economy performing well and expected to continue to do so, the committee judges that a modest increase in the federal funds rate...
  • Fed Rate Hike Bad Timing for Crude Oil

    12/16/2015 12:16:04 PM PST · by bananaman22 · 6 replies
    Oilprice.com ^ | 16-12-2015 | Janet Yellen
    The Federal Reserve is about to raise interest rates for the first time in almost ten years and it couldn’t come at a worse time for the oil and gas industry. On the one hand, the oil boom was fueled by loose money from the Fed. With near-zero interest rates, money flowed into capital-intensive shale oil and gas drilling for many years. That succeeded in creating a production boom. But the boom was too successful – the glut caused prices to crash. In this sense, the Fed helped inflate the drilling bubble, which burst in 2014. Now the Fed is...
  • Janet Yellen sets jobs report floor at ... 100K?

    12/04/2015 8:18:08 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 12/04/2015 | Taylor Millard
    Federal Reserve Chair Janet Yellen made an interesting comment yesterday on today’s jobs report, suggesting the economy just needs to add around 100K jobs a month to be okay. Via Reuters: “To simply provide jobs for those who are newly entering the labor force probably requires under 100,000 jobs per month,” with anything above that helping “absorb” those who are unemployed, discouraged or had dropped out of the labor market, Yellen, who was speaking before Congress’ Joint Economic Committee, said in a question and answer session. That 100K number is much, much lower than the current 200K monthly average...
  • Cruz steps outside GOP orthodoxy with free-market criticism of Fed

    12/04/2015 7:39:10 AM PST · by Isara · 11 replies
    Washington Examiner ^ | 12/4/15 | Joseph Lawler
    For a Republican, Ted Cruz has a unique criticism of the Federal Reserve. The conservative Texas senator and contender for the GOP presidential nomination argues that the central bank is responsible for causing the financial crisis and recession because it kept money too tight in 2008. Cruz's criticism of the Fed is nearly the opposite of the one typically voiced by Republicans, who generally fault Chairwoman Janet Yellen and her predecessor Ben Bernanke for their efforts to ease money. GOP complaints about the Fed have grown since the central bank lowered interest rates to zero and started quantitative easing programs....
  • Why Are Democrats So Worried About A Fed Rate Hike?

    12/03/2015 4:16:20 AM PST · by expat_panama · 61 replies
    Investors Business Daily ^ | 12/02/2015 | Editorial
    Monetary Policy: Fed Chair Janet Yellen thinks the economy is so strong that the central bank can start raising rates this month. So why are Democrats alarmed? Because they know that the "Obama recovery" is hollow. It's true there have been marginal improvements in key economic indicators since 2008, as would be expected following the worst downturn since the Great Depression. But the "recovery" that was touted so loudly by Democrats until last year has also been the worst ever” 2% average growth. Now they're worried about the prospects of even a tiny hike in interest rates by the Fed....
  • The False Promise of a Rules-Based Fed [--AND THE GOLD STANDARD]

    11/27/2015 4:46:29 AM PST · by expat_panama · 12 replies
    Wall Street Journal ^ | Nov 25, 2015 | Greg Ip
    Last week the House of Representatives passed a bill that would bring about the most sweeping changes to the Federal Reserve since the 1930s. At the heart of the bill is a requirement that the Fed set interest rates according to a quantitative rule. Like advocates of the gold standard, proponents of the bill blame many of the economy’s ills on the Fed exercising too much discretion... [snip] Legislating a rule doesn’t do away with discretion, but makes it more likely discretion will be exercised only after the rule has failed, perhaps at great economic cost. [snip] In a dynamic...
  • New Law Would Force Fed To Do Its Job, So Why Does Fed Oppose It?

    11/23/2015 3:26:23 AM PST · by expat_panama · 28 replies
    Investors Business Daily ^ | 11/20/2015 | Editorial
    Monetary Policy: Congress is taking up a bill that would increase scrutiny of the Federal Reserve and better define its job. After years of badly executed and at times damaging central bank policy, it's about time. We share the misgivings of those who fear Congress micromanaging the economy through the Fed. In particular, Democrats seem prone to using the Fed as a giant piggy bank — such as the current foolish proposal to use Fed dividends to fund Congress' pet pork-barrel... [snip] So, yes, the ability of the Fed to do its job without daily political interference is important. But...
  • The Long, Cold Winter Ahead (Zero Hedge)

    11/22/2015 8:17:22 AM PST · by citizen · 28 replies
    Zero Hedge ^ | 11/22/2015 | Tyler Durden
    If you recall, the popular storyline since late last year has been that the U.S. economy is moderately improving while the world’s other major economies – Japan, China, and Europe – are rolling over. The U.S. economy would power through. Moreover, stock prices had achieved a permanently high plateau.
  • Yellen says research needed on unconventional policy tools

    11/12/2015 11:16:43 AM PST · by SaveFerris · 13 replies
    AP ^ | Nov 12, 10:38 AM EST | By MARTIN CRUTSINGER AP Economics Writer
    WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. She said Thursday that the post-crisis period offers policymakers an opportunity to assess the effectiveness of the tools and better understand the impact of new regulation. "Policymakers have to carefully weigh the advantages and disadvantages of alternative monetary implementation frameworks in the presence of new policy tools," Yellen said in remarks at a two-day research conference sponsored by the Fed. Policymakers should also be "mindful of new...
  • Bank Of Ireland Bans "Small" Cash Withdrawals At Branches

    11/05/2015 11:23:26 AM PST · by amorphous · 43 replies
    Zero Hedge ^ | 5 Nov 2015 | Tyler
    As central planners the world over grapple with the effective "lower bound" that's imposed by the existence of physical banknotes, there’s been no shortage of calls for a ban on cash. Put simply, if you eliminate physical currency, you also eliminate the idea of a floor for depo rates. After all, if people can't withdraw paper money and stash it under the mattress, then interest rates can be as negative as the government wants them to be in order to "encourage" consumption. If, for instance, you’re being charged 10% for saving your money, then by God you will probably spend...
  • Janet Yellen Says Negative Rates On The Table "If Outlook Worsened"

    11/04/2015 9:50:16 AM PST · by SeekAndFind · 65 replies
    Zero Hedge ^ | 11/04/2015 | Tyler Durden
    As the market now diligently calculates the suddenly surging odds of a December rate hike, here's Yellen with a preview of what will happen once the rate hike cycle is aborted... YELLEN SAYS IF OUTLOOK WORSENED FED MIGHT WEIGH NEGATIVE RATESYELLEN SAYS NEGATIVE RATES COULD HELP ENCOURAGE BANKS TO LEND ... just as it was aborted in Japan in August of 2000 when the BOJ also decided to send a signal how much stronger the economy is by hiking 25 bps, only to cut 7 months later and to proceed to monetize not only all net Japanese debt issuance...
  • Quantitative Easing and GOP Fear

    11/01/2015 4:18:26 PM PST · by celmak · 41 replies
    RushLimbaugh.com ^ | 10/30/15 | Rush Limbaugh
    RUSH: This is Bill in Warner Robins, Georgia. Great to have you on the program, sir. Hello. CALLER: Rush, quantitative easing and the threat of stopping it or tapering off, I think, is the reason why Republicans are afraid to have a government shutdown. I think either explicitly or tacitly, the Republicans have been told that the Fed would stop quantitative easing, 'cause it's the quickest and most direct way to go ahead and illustrate the impact of the federal government on the citizenry if you have the stock market takes a major hit. That's the only reason why I...
  • Is the Federal Reserve Really the Evil Empire?

    10/22/2015 6:17:34 PM PDT · by george76 · 6 replies
    Barrons ^ | October 21, 2015 | John Kimelman
    Two new books are reigniting a century-old debate about the central banks worthiness. So what do we think of the Federal Reserve, the people who run it, and the role it plays in setting short-term rates and even influencing investment portfolios? While the modern Fed has its supporters, the detractors seem to get most of the ink. As veteran financial journalist Roger Lowenstein wrote in a recent column for The Wall Street Journal, No federal agency, except the Internal Revenue Service, is held in lower regard than the Federal Reserve, according to public opinion surveys. ... The never-ending debate about...
  • The Fed And The Great Depression: A Myth That Just Won't Die

    10/19/2015 5:46:45 AM PDT · by expat_panama · 24 replies
    Forbes ^ | Oct 18, 2015 | John Tamny
    ...the Fed is regularly being blamed for everything from inflation to acne, one of the seemingly more common and credible assertions is that the Fed somehow caused the Great Depression. This is one of those comical myths that just wont die. [snip]...the latest of many commentators to argue that if the Fed had simply tinkered more effectively with so-called money supply, the Great Depression wouldnt have been. As Wesbury and Stein put it, Milton Friedman set the record straight about the Great Depression.... [snip]Missed by what Friedman allegedly proved, what Bernanke supposedly verifies, and that Stein apparently agrees with, is...
  • Central bank cavalry can no longer save the world

    10/12/2015 12:14:19 PM PDT · by Lorianne · 8 replies
    Reuters ^ | 10 October 2015 | David Chance
    In 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global economy. A report by the Group of Thirty, an international body led by former European Central Bank chief Jean-Claude Trichet, warned on Saturday that zero rates and money printing were not sufficient to revive economic growth and risked becoming semi-permanent measures. "Central banks have described their actions as 'buying time' for governments to finally resolve the crisis... But...
  • Buried in the Fed minutes is another downgrade to the U.S. economy

    10/10/2015 11:17:56 AM PDT · by Lorianne · 18 replies
    Market Watch ^ | 09 October 2015 | Gregg Rob
    A goal of a 4% economy? That objective, mentioned frequently in the 2016 presidential race, is getting farther away, according to the latest projections from the staff of the Federal Reserve. Minutes of the Feds Sept. 16-17 policy meeting disclose the Fed staff further trimmed its assumptions for the rates of productivity and potential growth over the medium term. The minutes did not specifically quantify the new forecast of the Feds in-house economists. The Fed staffs view was already gloomy. A mistaken leak this summer by the U.S. central bank revealed, going into the Feds June policy committee meeting, the...
  • Global Financial Wars Whats Going On?

    10/10/2015 1:20:32 PM PDT · by 100American · 6 replies
    A very interesting and I think true analysis of the Financial aspects of The Big Plan ... Enjoy and look forward as always to your insights...
  • Week Ahead: Fed Minutes and Data

    10/04/2015 3:47:39 PM PDT · by citizen · 17 replies
    Fox Business ^ | October 02, 2015 | FOXBusiness
    While the decision to delay was nearly unanimous there was one dissenter nearly the same amount of FOMC members said they also believe rates will move higher before the end of the year. That sentiment may have changed given the release of Fridays much-worse-than-expected jobs report, but the minutes should provide some additional insight into why the Fed held off on a rate hike and when they might actually pull the trigger. The minutes will be released Thursday at 2 p.m. Also scheduled for release next week are: the ISM Non-manufacturing index on Monday; a report on international...
  • "They Just Don't Want A Job" - The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of

    10/02/2015 5:55:32 PM PDT · by Nachum · 47 replies
    zero hedge ^ | 10/2/15 | tyler durden
    In a note seeking to "explain" why the US labor participation rate just crashed to a nearly 40 year low earlier today as another half a million Americans decided to exit the labor force bringing the total to 94.6 million people...... this is what the Atlanta Fed has to say about the most dramatic aberration to the US labor force in history: "Generally speaking, people in the 2554 age group are the most likely to participate in the labor market. These so-called prime-age individuals are less likely to be making retirement decisions than older individuals and less likely to be...
  • Heres what Wall Street isnt telling you about this stock market

    09/30/2015 6:38:45 AM PDT · by SkyPilot · 16 replies
    Market Watch ^ | 30 Sep 15 | Barbara Kollmeyer
    Welcome to the worst day of the year for investors, though you wouldnt know it by looking at stock futures this morning. Thank the portfolio window-dressers or bouncy dead cats, but the market looks set to fly. Anyway, that gloomy prognosis for the day fits nicely with the disastrous end to the quarter were headed for, set to finish with 8% to 9% losses for the big U.S. indexes. The quarter has delivered the biggest point declines for the Dow industrials DJIA, +1.41% and the Nasdaq Composite COMP, +1.82% since the end of 2008, and the biggest for the...
  • Fed Audit Shocker: They Come from Planet Klepto(maniac)

    09/20/2015 2:17:29 PM PDT · by entropy12 · 5 replies
    Youtube ^ | Sep 14, 2015 | Best Evidence
    While the world breathlessly awaits the outcome of this weeks FOMC meetingwill the Federal Reserve raise interest rates or wont it?one thing is clear regardless: the Fed is driving the U.S. into a 2nd depression in order to carry out its one and only remit now that Americas ability to produce real jobs has been reduced to ash, namely, propping up criminal banks with multi-trillion-dollar giveaways. Whats so disturbing about the fatal path that the Fed has been on for 7 years is that it's one the Fed went down before, whenby its own admissionit extended and deepened the Great...
  • Banks are threatening more layoffs if the Fed doesn't hike

    09/19/2015 10:37:18 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 09/19/2015 | Wolf Richter
    Let me assure you, if the revenue environment weakens or interest-rate structures dont move up, and the economy slows down, well have to take out more costs, Bank of America CEO Brian Moynihan said on Thursday at the Barclays Global Financial Services Conference. And that would mean more job cuts.BofA is famous for whittling down its headcount in recent years. In Moynihans 25-slide presentation, there was this chart that shows just how skillfully he has trimmed down his workforce, chopping it by 25% overall since the second quarter of 2011:Wolf Street So if, as he said, interest-rate structures dont move...
  • US Federal Reserve holds rates steady in nod to global economic weakness

    09/17/2015 1:10:52 PM PDT · by SeekAndFind · 4 replies
    The Economic Times ^ | 09/17/2015 | Via Reuters
    WASHINGTON: The US Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, the US central bank said an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade. "Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term," the Fed said in...
  • Federal Reserve Interest Rate Decision: Janet Yellen, FOMC Leave Rates Unchanged

    09/17/2015 11:06:00 AM PDT · by tcrlaf · 44 replies
    IBT ^ | 9-16-2015 | Jessica Menton
    In one of the most widely anticipated Federal Reserve decisions in decades, the U.S. central bank left interest rates unchanged Thursday. The Fed's pronouncement to leave rates at historic lowswhere theyve been since roughly the start of the Great Recession in 2008signals that the U.S. economy has yet to fully recover from the near collapse. Market professionals are now looking ahead to a press conference from Fed Chair Janet Yellen at 2:30 p.m. EDT, searching for further hints as to the timing of the Feds future course of rate hikes. Uncertainty from the Fed has been the biggest issue, Stephen...
  • U.S. Equity Futures Slip as Fed's Rate Decision Looms

    09/17/2015 5:37:33 AM PDT · by citizen · 62 replies
    Fox News Business ^ | September 17, 2015 | Victoria Craig
    Fed decision day: The event traders across the globe have anticipated for months has finally arrived. As of 8:00 a.m. ET, Dow Jones Industrial Average futures were 43 points lower, or 0.26% to 16621. S&P 500 futures shed 6 points, or 0.31% to 1982, while Nasdaq 100 futures slid 10 points, or 0.24% to 4370. Todays Markets Months of speculation about whether September was the month in which the Federal Reserve would begin to lift short-term interest rates is finally coming to a close. The Federal Open Market Committee meets for the final day of its two-day policy-setting meeting, which...
  • US interest rate rise could trigger global debt crisis

    09/14/2015 7:50:38 AM PDT · by SkyPilot · 10 replies
    The Telegraph ^ | 13 Sep 15 | Telegraph Staff
    Global debt levels are dangerously high and central banks cannot keep the game going indefinitely, warns the high priest of orthodoxy Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world's top financial watchdog has warned. The Bank for International Settlements said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt, compounded by worries that policymakers may be struggling to control events. "We...
  • Traders Exercise Caution Ahead of Fed Meeting

    09/14/2015 7:16:35 AM PDT · by citizen · 11 replies
    FOX Business ^ | September 14, 2015 | Victoria Craig
    U.S. equity markets were lower Monday morning as traders anxiously awaited this weeks Federal Open Market Committee meeting. As of 9:50 a.m. ET, the Dow Jones Industrial Average fell 81 points, or 0.50% to 16350. The S&P 500 shed 8 points, or 0.45% to 1952, while the Nasdaq Composite declined 16 points, or 0.33% to 4806. Todays Markets Wall Street waited with bated breath for the outcome of the Federal Reserves two-day, policy-setting meeting this week, which begins Wednesday and ends with a statement on monetary policy the day after. In recent weeks, forecasts for a September rate hike have...
  • "We Made It Wider!" Hank Paulson Bursts Out Laughing When Asked About Wealth Inequality

    09/07/2015 7:31:14 AM PDT · by Cheerio · 28 replies
    Zerohedge ^ | 09/06/2015 | Tyler Durden
    A few months ago, a hurt Ben Bernanke put on his blogger hat and set out to explain why, in his mind, the unconventional policies undertaken by the Fed in the post-crisis years have not contributed to record income inequality. As we noted at the time, epic hilarity ensued. Bernankes explanation went something like this: while QE does indeed inflate asset prices, poor people have been getting poorer for quite some time, so sure, maybe the Fed contributed a little bit, but probably not a whole lot and besides, the more Keynes the better when it comes to smoothing out...
  • Rattled investors brace for big week as Federal Reserve considers rate increase

    08/31/2015 3:55:28 AM PDT · by expat_panama · 10 replies
    The Guardian ^ | Sunday 30 August 2015 | Rupert Neate
    After a tumultuous week on the worlds stock markets, investors will be focused on Wall Street Monday ahead of another set of economic reports likely to steer the Federal Reserves decision on whether to raise interest rates for the first time in almost a decade. The markets open Monday as investors digest news that the Fed is still actively considering a September rate hike. In a speech on Saturday, Stanley Fischer, the vice-chair of the Feds Board of Governors, suggested inflationary pressures could soon lead to an increase. His comments are likely to add to the volatility of already skittish...
  • Who Is Really Crazy, End The Fed, Or The Fed Itself?

    08/28/2015 2:15:11 PM PDT · by absentee · 19 replies
    The American Spectator ^ | 8/28/2015 | Caleb Howe
    On Friday morning at the Jackson Hole Summit, Judy Shelton of the Sound Money Project and Atlas Network spoke on the subject of the gold standard and addressed the perception that people who even dare to mention it are lunatics or, as The American Spectator noted earlier today, Quixotic. Shelton's presentation focused in the main on the numbers and the policies. Dr. Shelton pointed out that the Fed can't seem to face up to a simple, apparent, easily understood fact: Their policies aren't working. "The difference between our summit, and the one the Feds are holding up the road, is...
  • Former Fed Officials Sage Comments: Investors hooked on the heroin of quantitative easing

    08/27/2015 6:37:53 PM PDT · by SkyPilot · 13 replies
    Economic Collapse News ^ | 26 Aug 15 | Andrew Moran
    Former Dallas Federal Reserve President Richard Fisher made sound remarks when discussing the current market meltdown with CNBC on Tuesday. Although he is incorrect in his assertion that the United States central bank will do whats right for the national economy and avoid monitoring daily activity reports, he was right that investors are addicted to easy money from quantitative easing, otherwise known as QE. I dont think there is a single member of the FOMC thats going to react to one days market activity, Fisher told the business news outlet. Nobody on that committee would like to see that continue,...
  • US Federal Reserve still expected to raise interest rates

    08/26/2015 5:12:03 AM PDT · by expat_panama · 48 replies
    The Irish Times ^ | Wed, Aug 26, 2015 | Simon Carswell
    Chinas stuttering economy might come more strongly into view from the Rocky Mountains at this weeks Jackson Hole meeting of central bankers following the chaos in the stock markets. Many economists still expect the Federal Reserve to stay the course and start raising interest rates this year. Despite the wild see-sawing of US stocks after Chinas Black Monday meltdown, the bet is on the central bank to move soon and start weaning the US off rates that have stayed near zero since 2008. The annual policy conference in the Grand Teton National Park in Wyoming, starting onon Thursday, has traditionally...
  • U.S. Stock Market Correction Not Made In China Ep.104

    08/24/2015 2:34:18 PM PDT · by fishtank · 9 replies
    Schiff Radio ^ | 8-21-2015 | Peter Schiff
    U.S. Stock Market Correction Not Made In China Ep.104 August 21st, 2015|0 Comments What a week for global stock markets, but in particular, the U.S. stock market, which had its worst week in 4 years The Dow Jones down better than 1,000 points over 10% from its peak puts it in official correction territory One-third of the stocks in the S&P 500 are already down 20% from their highs The Dow lost more than half of the 1,000 points today 530 points, which is the 9th biggest point decline ever This is on top of the 350...
  • The Federal Reserve's foolishness is coming due

    08/24/2015 7:05:22 AM PDT · by SeekAndFind · 8 replies
    American Thinker ^ | 08/24/2015 | By James Longstreet
    All one needs to do is turn to the financial shows and get a litany of financial experts blaming the Federal Reserve and its coming rate hike for the recent market break. They are incorrect. The recent break in equity prices is not about a proposed and measly point rise in rates off of zero. Short term rates were between 4% and 5% in 2007 when the stock market made a then all time high of 14,000. Hand wringing over a pt raise is curious. The Federal Reserves mere hinting of a meager raise didnt roll the Chinese...