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Keyword: federalreserve

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  • Fed Official Wonders Whether Treasury Market Can Handle Massive Issuance Alone

    10/15/2020 4:02:47 AM PDT · by karpov · 2 replies
    Wall Street Journal ^ | October 14, 2020 | Michael S. Derby
    The Federal Reserve’s point man on financial regulation said the Treasury market has grown so large that some level of central bank involvement may need to continue to ensure orderly trading conditions. Randal Quarles, the Fed’s vice chairman for supervision, was discussing the outlook for the central bank’s $120 billion-a-month in purchases of Treasury and mortgage debt. Those purchases ramped up in March as the central bank responded to market and economic stress caused by the coronavirus pandemic. The functioning of financial markets has improved since the tumult earlier in the year, raising questions about whether the Fed could pull...
  • Can the Fed End Racism?

    10/13/2020 3:14:20 AM PDT · by karpov · 19 replies
    Campaign for Liberty ^ | October 12, 2020 | Ron Paul
    House Financial Services Chair Maxine Waters and Senator Elizabeth Warren have introduced the Federal Reserve Racial and Economic Equity Act. This legislation directs the Federal Reserve to eliminate racial disparities in income, employment, wealth, and access to credit. Eliminating racial disparities in access to credit is code for forcing banks and other financial institutions to approve loans based on the applicants’ race, instead of based on their income and credit history. Overlooking poor credit history or income below what would normally be required to qualify for a loan results in individuals ending up with ruinous debt. These individuals will end...
  • NYT Credits Fed for Trump Econ, Predicted Disaster Under Trump in 2016

    09/09/2020 10:42:44 AM PDT · by JV3MRC · 4 replies
    NewsBusters ^ | 9/9/2020 | Joseph Vazquez
    The New York Times tried to shift goalposts to claim that the Federal Reserve was responsible for President Donald Trump’s roaring pre-pandemic economy. That’s wildly different from the “economic disaster” The Times speculated could happen under a Trump presidency in 2016.
  • The Fed concedes that Trump was right all along

    09/04/2020 3:40:56 PM PDT · by knighthawk · 20 replies
    Fox Business ^ | September 04 2020 | Stephen Moore
    Federal Reserve Chairman Jerome Powell admitted last week at the “virtual” Jackson Hole symposium that the Fed has undershot its 2% annual inflation target consistently for the last several years. The Fed is tacitly admitting that its deflationary monetary policy has restrained growth and held down wages. Now the Fed is promising to aim higher in order to get more dollar liquidity into the economy.
  • FEDERAL RESERVE Powell Set To Deliver ‘Profoundly Consequential’ Speech, Changing How The Fed Views Inflation

    08/24/2020 5:38:19 PM PDT · by Enlightened1 · 75 replies
    CNBC ^ | 08/24/20 | Jeff Cox
    Fed Chairman Jerome Powell will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference. He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time. The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the 1980s. History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon,...
  • Used Vehicle Prices Explode To All Time Highs After Plunging Just Months Ago

    08/21/2020 9:31:47 AM PDT · by Red Badger · 62 replies
    www.corona-stocks.com ^ | August 20, 2020 | Tyler Durden
    Used Vehicle Prices Explode To All Time Highs After Plunging Just Months Ago Tyler Durden Thu, 08/20/2020 - 22:05 When you have the Central Bank back-stopping every industry in the United States, it's incredible how quickly things can change over the course of less than a quarter. Less than two months ago we were talking about the unprecedented crash in used car prices that had taken place as a result of the coronavirus pandemic slowing the economy. "Where's the inflation?" everyone kept asking. We think we've found it. Today, according to new research from Manheim, those prices have exploded to...
  • HUH? MSNBC’s Velshi Uses Edited Video to BASH Conservative ‘Fetish‘ About Debt

    08/12/2020 10:46:01 AM PDT · by JV3MRC · 9 replies
    NewsBusters ^ | 8/12/2020 | Joseph Vazquez
    MSNBC anchor Ali Velshi tried to twist Federal Reserve Chairman Jerome Powell’s remarks to NBC’s Today in March to claim that conservatives have a “fetish” about debt. Huh? Filling in for the insufferable Chris Hayes on Monday’s edition of MSNBC’s All In, Velshi inundated viewers with propaganda. He spewed that GOP leaders were “pretending that there’s just not enough money to help Americans. They say we cannot afford another large relief bill.” Still, he later levied a bizarre accusation that the GOP was “deceiving Americans” and conforming to a “conservative fetish about poor people getting freebies and running up the...
  • The Coming Economic Miracle

    08/06/2020 8:05:40 AM PDT · by RobaWho · 57 replies
    @RealCuriousDawg on Parler ^ | August 6, 2020 | CuriousDawg
    America, the Central Bank is dead. There is ZERO chance $30+ trillion in fiat debt will ever be repaid with more fiat dollars. We’re in technical default. And President Trump knows this. The Solution? US Treasury Notes issued by our US Treasury will soon replace the fraudulent, 98% devalued Federal Reserve debt contracts (dollars). America’s soon to be, newly issued, asset back currency and our revitalized “America First” economy will reverse Bretton Woods and the Federal Reserve‘s death grip will officially be removed from America‘s throat. Every new US Treasury note will equate to an inflated number of current fiat...
  • Federal Reserve is hiding something big.

    08/04/2020 9:32:35 AM PDT · by delta7 · 44 replies
    Wall street on parade ^ | Aug 3 2020 | Ms Martens
    "Federal Reserve Chairman Jerome Powell and Randal Quarles, the Vice Chairman for Supervision at the Fed, have stated in testimony before Congress that they would be providing transaction level details of their Section 13(3) Emergency Lending Facilities on a regular, ongoing basis. But the three oldest of those facilities, the Primary Dealer Credit Facility (PDCF), the Commercial Paper Funding Facility (CPFF), and the Money Market Mutual Fund Liquidity Facility (MMLF), which were all created more than four months ago in mid-March, have yet to release any transaction level details to the public. The Fed is required to provide reports every...
  • Face the Nation Fails to Probe Fed Official on INSANE Six-Week Lockdown Idea

    08/03/2020 9:59:00 AM PDT · by JV3MRC · 12 replies
    NewsBusters ^ | 8/3/2020 | Joseph Vazquez
    The localized lockdowns weren’t bad enough. Fill-in host and former Face the Nation anchor John Dickerson failed to push back on Minneapolis Federal Reserve Bank President Neel Kashkari’s proposal that the entire country go into a month-long national economic shutdown. GDP fell 9.5 percent in the second quarter, and at least “30 million” are unemployed, in-part due to the lockdowns and stay-at-home orders imposed by states. Apparently those factors weren’t significant enough for Dickerson to push back on a proposal for a national economic lockdown.
  • Fed's Jerome Powell to speak amid issues with QE acceleration, China, protests, riots & Twitter wars.

    Powell to speak amid issues with QE acceleration, China, protests, riots & Twitter wars. On Friday, May 29, at 11:00 AM ET. Webcast.....
  • Obama File 104 Radical Royalty - Obama's Federal Reserve Pick - Sarah Bloom Raskin

    05/26/2010 8:24:43 AM PDT · by Nachum · 8 replies · 225+ views
    New Zeal ^ | 5/25/10 | Trevor L.
    A seat on the U.S Federal Reserve Board, carries tremendous power. The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. A full term is fourteen years. During that time, a board member can influence the financial policies of the world's most powerful economy. In some ways the seven men and women, have more power than Congress or even the President himself. That's why appointments to the Federal Reserve Board deserve as much scrutiny as those to the Supreme Court. President Barack Obama recently made three nominations...
  • Fed chief inadvertently makes the case for re-electing Trump

    05/18/2020 6:29:22 AM PDT · by MtnClimber · 7 replies
    American Thinker ^ | 18 May, 2020 | Monica Showalter
    Like every Fed chief, President Trump's appointee to the slot, Jerome Powell, is studiously apolitical and circumspect. He often infuriates Trump, who then rage-tweets about him, but I've always been satisfied with him. Trump probably is, too, given that he hasn't told him 'You're fired." Powell did us a service on Sunday, however, speaking to widely watched 60 Minutes, SNIP Here's the part that makes the most sense, though, as an inadvertant endorsement for President Trump: PELLEY: 25% is the estimated height of unemployment during the Great Depression. Do you think history will look back on this time and call...
  • Trump again urges Fed to adopt negative US interest rates

    05/12/2020 10:54:31 AM PDT · by aimhigh · 54 replies
    Jerusalem Post ^ | 05/12/2020 | REUTERS
    President Donald Trump on Tuesday again pushed the Federal Reserve to adopt negative interest rates, even as several members of the US central bank have said they do not see a need for rates - now near zero - to move into negative territory. "As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the 'GIFT'. Big numbers!" he tweeted.
  • Why Is the Stock Market Rallying When the Economy Is So Bad?

    05/09/2020 11:23:50 AM PDT · by SeekAndFind · 99 replies
    Wall Street Journal ^ | 05/09/2020 | Gunjan Banerji
    The latest jobs report revealing record U.S. unemployment highlights a growing rift investors are struggling to reconcile: a rallying stock market and stumbling economy. Gains in U.S. stocks accelerated Friday after April’s nonfarm payrolls report showed unemployment rose to 14.7%, the highest level on record. It was the latest head-scratching development for many market observers, who have been parsing a steady stream of abysmal economic data while watching the U.S. stock market stage a recovery. [SNIP] Many analysts are looking past the grim economic data, forecasting a speedy recovery as state economies open back up across the country. New York,...
  • Janet Yellen: Unemployment is Likely Around 13% Right Now

    04/06/2020 11:13:12 AM PDT · by Hojczyk · 33 replies
    Breitbart ^ | 6 Apr 2020 | JOHN CARNEY
    “This is a huge, unprecedented, devastating hit,” Yellen said. “My hope is that we will get back to business as quickly as possible.” Former Federal Reserve Chair Janet Yellen estimated Monday that the unemployment rate would probably be as high as 12 to 13 percent if we had a real-time gauge for joblessness. Yellen also said that the economy will probably contract around 30 percent because of the coronavirus and related measures that have shut down large segments of the economy in pursuit of social distancing the control the spread of the disease. Yellen described the recent reports of initial...
  • Ghoulish: St. Louis Federal Reserve Head Says Americans Should Be Tested for COVID-19 Daily And Forced To Display a Badge on Their Clothing with the Result

    04/06/2020 3:29:10 PM PDT · by CheshireTheCat · 66 replies
    Gateway Pundit ^ | April 5, 2020 | Brock Simmons
    ...James Bullard, CEO of the St. Louis branch of the Federal Reserve, was recently on CBS’s Face The Nation with Margaret Brennan to talk about the state of the economy and what could be done to stem the outbreak of the virus. Toward the end of the interview, Bullard says, “You know, I have good news for you, MARGARET, because we have a- there is a solution using available technology today to fix the economic part of this problem. The solution is universal testing. What you want is every single person to get tested every day. And then they would...
  • Congress, Trump and the Fed Are Creating the Biggest Economic Bubble in World History

    04/05/2020 4:12:32 AM PDT · by Kaslin · 44 replies
    Townhall.com ^ | April 5, 2020 | Justin Haskins
    We’re living in truly extraordinary times — and no, I’m not talking about Netflix’s Tiger King documentary. I’m referring to the unprecedented actions taken by the Federal Reserve and national government to deal with the severe economic consequences of policymakers’ decision to shut down much of the U.S. economy to keep people safe from coronavirus. Over the past several weeks, the Fed has started to implement its plan to “print” trillions of dollars to bolster credit markets, and Congress and the Trump administration recently signed into law a gargantuan $2 trillion stimulus package. Even more incredibly, President Trump is now...
  • Fed Policymakers Say Recession Is Here (Yay! Democrats Win!)

    04/04/2020 3:25:23 PM PDT · by Hostage · 57 replies
    NewsMax Finance ^ | April 4, 2020 | Democrats
    The U.S. recession is here. How long it will last will depend on the course of a viral pandemic that could still kill hundreds of thousands of Americans, and has most of the country under lockdowns aimed at slowing the infection's spread. But how quickly the world's biggest economy will recover will depend on how much aid the government gives it, and how effectively it can be used to stem what are already millions of job losses, Fed officials said on Thursday. "One thing we know from 2008, when you had millions and millions and millions of Americans losing their...
  • Is the Fed Unconstitutional?

    03/31/2020 8:57:33 AM PDT · by Forgiven_Sinner · 28 replies
    The Epoch Times ^ | June 28, 2014 Updated: January 19, 2016 | BY VALENTIN SCHMID
    Constitutional Lawyer Edwin Vieira explains the history and legal structure of the Federal Reserve System. Intro by Wall Street legend Victor Sperandeo Epoch Times: Mr. Sperandeo and Mr. Vieira, you are the two co-authors of “Crash Maker,” an almost 1,500-page-long book, dealing with the Federal Reserve, an unstable financial system and gold. Why don’t we kick off talking about the book for a bit and recap themes still pertinent in today’s market and society. Victor Sperandeo: This book from 2000 is about a villain and it’s written as a fictional book. The villain is the chairman of the Federal Reserve...