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Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant...

Influential investor says US inflation and growth are not at levels where interest rates can fall Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/680c17d1-0d55-4697-aff8-7dcca8c06679?accessToken=zwAGFb2KHEZYkc9oDBfRDVVGl9Ov-H3MqMBmeQ.MEUCIEKUOo8tpYNQH1TIRs1UXW0onmSrH2MkZ28gZyBrU5T-AiEAledOG31n_SXP-FsEVXres7m4-IDthSiN4Xyky3Mv9yQ&sharetype=gift&token=c10df47e-f8fc-4ea2-a059-1720789b4224 Persistent inflation and hot US growth have left the Federal Reserve’s rate-cutting hopes “off track”, Bridgewater’s Bob Prince said on Tuesday, adding...

U.S. inflation pressures quickened again last month, with core price pressures also rising past Wall Street forecasts, a reading that will cast further doubt on market bets for a June interest rate cut from the Federal Reserve. The headline consumer price index for March was pegged by the Commerce Department at 3.5%, rising from the prior month's tally of 3.2% and coming in ahead of Wall Street's 3.4% consensus forecast. On a monthly basis, inflation edged 0.4% higher, matching the 0.4% gain in February but also coming in ahead of Wall Street's 0.3% forecast. So-called core inflation, which strips out...

We are living in the USA where corruption, favoritism, open borders and an out-of-control Federal budget and debt are destroying this once great nation. Former Kansas City Fed President Thomas M. Hoenig was absolutely right when he said recently that The Federal Reserve panders to Wall Street, Congress and special interest groups, prioritizing immediate relief over financial stability. Bernanke’s zero-interest rate policies (ZIRP) and Quantitative Easing (QE) were short-term fixes that never went away. Indeed, since the subprime mortgage crisis of 2008-2009, US Dollar purchasing power is DOWN -32% and M2 Money is up a staggering 177%. While Yellen stuck...

The central bank just released a 40-page study on the benefits and risks of a CBDC, but didn't take an official stance. The Federal Reserve released a long-awaited review of the potential for creating a central bank digital currency Thursday, after months of delays. Ahead of making a decision, the Fed has asked the public to submit answers on 22 questions posed in the report. “The introduction of a CBDC would represent a highly significant innovation in American money,” the authors said in the report. “This paper is the first step in a public discussion between the Federal Reserve and...

For years, progressives mocked anyone who warned that the Democratic Party's move leftward would produce government officials who might push actual socialist policies once in office. I'll admit that for a variety of reasons I never found this extreme version of the slippery-slope argument convincing. Yes, both sides have embraced big government policies, and the recent "America First" approach embraced by Republicans in recent years should alarm us. Still, with the Biden administration's nomination of Cornell University Law School professor Saule Omarova to become Comptroller of the Currency, I wonder if I was too fast to dismiss the possibility. Consider...

Despite recent hedge fund disasters and almost every economic indicator pointing to a potential stock crash, Biden’s administration has completely ignored a potential equities bubble.Since March 2020, $5.9 trillion in so-called relief spending authorized by Congress, as well as $3.3 trillion in quantitative easing from the Federal Reserve, has been pumped into the U.S. economy. America’s pandemic response resulted in 22 million jobs lost in a matter of months, and we still have 10 million fewer jobs than before March of last year. The fiscal and economic repercussions of going from stronger than expected job and wage growth in January...

Bonds catch a bid on a day stocks are stuck in the mud. Bond exchange-traded funds roared higher Tuesday, the first day the Federal Reserve stepped into the market to help keep credit flowing in the aftermath of the coronavirus-induced March market shock.

- President Trump sharply criticized the Federal Reserve this week, saying interest rate increases are hurting the economy. - Trump will have the opportunity to fashion the central bank in the image he would like as he has four vacancies to fill on the board of governors.

“Just as every cop is a criminal And all the sinners saints As heads is tails just call me Lucifer (cause) I’m in need of some restraint” I’ve always found ‘Sympathy For the Devil’, by Mick Jagger and Keith Richards, to be one of the most profound social statements of the classic rock music era. It was a natural for the Stones, what with their rebel, bad boy image and all the baggage to go with it. Who better to channel the artist formerly known as the Prince of Darkness? Granted, there was poetic license in setting to music, the...

Commentary: 5 misconceptions about the effects of QE and monetary policyNEW YORK (MarketWatch) — Few would still argue against the assertion that the Federal Reserve has been central to the financial stabilization and economic recovery from the 2008 crisis. It fixed the plumbing and are now trying to incentivize animal spirits to pump water through the pipes. The debate has now migrated to exit strategies and whether the accumulating side effects of exceptional monetary accommodation outweigh incremental benefits. Read Minyanville’s “The Givers and Takers of the Boston Bombings.”

Gold And Silver Crash - Don't Be An IdiotKarl DenningerApril 15, 2013 Don't do it folks. There's no "reflation" trade. Nor is this "manipulation." There is one thing to watch, and that is if the physical commodity at real, no-BS volume sources de-couples from the futures price. This is a nightmare scenario as it posits the imminent destruction of the capital market structure, since futures are allegedly deliverables. That is, if I own a gold mine and know I can dig gold out of the ground for $1,200 an ounce "all-in" I will short whatever I'm sure I can deliver...

<p>WASHINGTON (MarketWatch) — Federal Reserve Chairman Ben Bernanke says there’s room for the central bank to take more action in responding to critical questions from a top lawmaker on Capitol Hill.</p> <p>U.S. Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington July 17, 2012.</p>

There is a report at ABC also:Fed Loaned Banks Trillions

The Federal Reserve Plans To Identify “Key Bloggers” And Monitor Billions Of Conversations About The Fed On Facebook, Twitter, Forums And Blogs The Federal Reserve wants to know what you are saying about it.  In fact, the Federal Reserve has announced plans to identify "key bloggers" and to monitor "billions of conversations" about the Fed on Facebook, Twitter, forums and blogs.  This is yet another sign that the alternative media is having a dramatic impact.  As first reported on Zero Hedge, the Federal Reserve Bank of New York has issued a "Request for Proposal" to suppliers who may be interested...

House Budget Committee Chairman Paul Ryan challenged Federal Reserve Chairman Ben Bernanke’s policy of so-called quantitative easing – the printing of new U.S. dollars to buy government debt – and raised concerns that a weakened dollar and inflation could cause the loss of the currency’s global reserve status.“There is nothing more insidious that a country can do to its citizens than debase its currency,” Ryan told Bernanke. “Chairman Bernanke: We know you know this. We know that you’re focused and concerned about this. The Fed’s exit strategy and future policy – it will determine how this ends.”Ryan said he believed...

While America is entertained by a rather realistic cartoon of what happens when the Fed (semantics aside) prints money with which to buy up whatever assets it so chooses, and launders the cash for the Primary Dealers (a topic discussed ad nauseam on Zero Hedge), we present a rather more somber and serious look at the modern financial system, courtesy of Bill Still, creator of the movie: "The Secret of Oz" which explains in a far more nuanced manner the interconnectedness in the vicious square of power, politics, money creation and debt formation, and Wall Street, the Fed, and the...

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WASHINGTON (Reuters) – The Federal Reserve launched an unorthodox new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy. The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month as part of the new program. It said it...

WASHINGTON (MarketWatch) – The Federal Reserve on Tuesday warned it was concerned about the potential outbreak of deflation, laying the groundwork for buying government bonds at future meetings. The warning about deflation came as the Fed held interest rates steady at the record low near-zero for the 20th consecutive month. In a statement, the Fed said that inflation was at levels somewhat below the level consistent with stable prices. “Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability,” the...