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Keyword: thefed

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  • Fed Adds Longer-Term Cash To U.S. Banking System

    09/24/2019 9:52:03 AM PDT · by Enlightened1 · 34 replies
    Reuters ^ | 09/24/19
    he Federal Reserve on Tuesday injected longer-term cash into the U.S. banking system in an effort to meet the funding needs of banks and Wall Street following a bout of turbulence in money markets last week. The New York Federal Reserve added $30.0 billion cash into the banking system through 14-day loans to primary dealers. These 14-day term repurchase agreements (repo) were on top of the $75 billion in temporary cash through an overnight repo operation. Primary dealers, or the top 24 Wall Street firms that do business directly with Fed, borrow from the central bank by using their Treasuries...
  • Trump hammers Fed, Powell for lack of 'guts, vision': Fed cuts rate by a mere 25 basis points.

    09/18/2019 12:32:46 PM PDT · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 09/18/2019 | Javier E. David
    President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having “no guts” by not meting out a more aggressive interest rate cut as the global economy slows. The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end of the year. However, some on Wall Street anticipated a more aggressive easing of 50 basis points, particularly with financial markets conditions tightening. Indeed, markets sank to...
  • Fed Ups Its GDP Forecast For 2019 Slightly To 2.2%

    09/18/2019 2:57:32 PM PDT · by Enlightened1 · 18 replies
    CNBC ^ | 09/18/19 | Yun Li
    The Fed now expects GDP to grow at a 2.2% pace for 2019, versus the 2.1% forecast in June.The unemployment rate is expected to rise to 3.7% this year, slightly above the 3.6% projection in June. The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged, according to its Summary of Economic Projections.Source: Federal ReserveThe central bank now expects GDP to grow at a 2.2% pace for 2019, versus the 2.1% forecast in June. The unemployment rate is expected to rise to 3.7% this year, slightly above the 3.6% projection in June.The GDP outlook for 2020...
  • [Former Fed Reserve Member] Dudley encourages the Fed to help sway the 2020 election against Trump

    08/27/2019 9:41:45 AM PDT · by rumrunner · 17 replies
    CNBC ^ | 08/27/2019 | Jeff Cox
    Dudley went so far as to suggest the Fed could — and should — try to influence the next election against Trump. “After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives,” he wrote.
  • My Only Question Is, Who Is Our Bigger Enemy, Jay Powel or Chairman Xi?

    08/23/2019 7:49:48 AM PDT · by Enlightened1 · 35 replies
    POTUS via Twitter ^ | 08/23/19 | Donald J. Trump
    As usual, the Fed did NOTHING! It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work “brilliantly” with both, and the U.S. will do great.. ....My only question is, who is our bigger enemy, Jay Powel or Chairman Xi? 
  • We Are Winning, Big time, Against China

    08/14/2019 12:26:42 PM PDT · by Enlightened1 · 29 replies
    Twitter ^ | 08/14/19 | Donald J. Trump
    We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut.... ..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us...
  • How negative interest rates helped turn Deutsche Bank into a disaster

    07/29/2019 9:04:23 AM PDT · by Moonman62 · 17 replies
    CNN Business ^ | 07/29/19 | Matt Egan
    Germany's biggest lender is rapidly slashing jobs, it's losing a ton of money and the stock is trading near all-time lows. Many of Deutsche Bank's problems are self-inflicted. It's been badly mismanaged. Deutsche Bank (DB) never fully cleaned up its crisis-era balance sheet. Restructuring efforts fell short. And its countless legal black eyes haven't helped matters. But Deutsche Bank's struggles have also been amplified by something the 149-year-old lender never imagined, mostly because it had never happened before in modern history: negative interest rates. In 2014, the European Central Bank wanted to boost the sluggish economy but interest rates were...
  • Trump’s Fed pick Judy Shelton is a fan of the gold standard

    07/02/2019 10:04:55 PM PDT · by NRx · 56 replies
    CNBC ^ | 07-03-2019 | Thomas Franck
    In tapping Judy Shelton to become one of two Federal Reserve Board governors, President Donald Trump selected one of the minority of mainstream economists supportive of a return to the gold standard and critical of central bank activity. Shelton, who serves as the U.S. executive director at the European Bank for Reconstruction and Development, wrote as recently as last year in support of pegging the dollar to gold prices. Trump announced his intention to nominate both Shelton and St. Louis Fed economist Christopher Waller via tweet on Tuesday. Shelton’s unorthodox monetary beliefs will likely draw questions from Senate lawmakers, who...
  • Opinion: This Is the One Thing That Can Sink Trump in 2020

    05/08/2019 11:04:51 AM PDT · by SeekAndFind · 47 replies
    Money and Markets ^ | 05/07/2019 | JT Crowe
    President Donald Trump is well aware that the U.S. economy is just a few short weeks away from setting a record for the longest expansion ever, but he knows the business cycle has not been repealed and the next economic downturn is always lurking. ItÂ’s a vicious circle: low interest rates entice the politicians to amass more deficits and debt, and the politicians want more spending given ultra-low borrowing costs. Profligate monetary policy enables profligate fiscal policy. If one happens before 2020, Trump fears his reelection bid chances will be slim-to-none, says former Deputy Assistant to George H.W. Bush,...
  • The Fed Is Not the Answer for Real-Time Payments

    05/09/2019 10:54:51 AM PDT · by Kaslin · 2 replies ^ | May 9, 2019 | Veronique de Rugy
    There's an inherent conflict of interest that occurs when an agency serves as both a regulator and competitor. Unfortunately, that describes the present state of the Federal Reserve. But rather than reform the agency to eliminate sources of conflict, the Fed is proposing to expand its market activities by launching a real-time payments system to compete against the private sector. Anyone who has done any domestic banking is familiar with the need for faster clearing of interbank transfers. They're incredibly slow by digital age standards, sometimes taking several days to complete. It's even subpar by the standards of the European...
  • Trump Fed pick Stephen Moore called it a 'travesty' that women 'feel free' to play sports with men

    04/22/2019 3:39:45 PM PDT · by an amused spectator · 60 replies
    DNC-CNN ^ | April 22, 2019 | KFILE and Paul LeBlanc, CNN propagandists
    One of President Donald Trump's picks to serve on the Federal Reserve Board has written that women should be banned from refereeing, announcing or beer vending at men's college basketball games, asking if there was any area in life "where men can take vacation from women." Stephen Moore, an economic commentator and former Trump campaign adviser, made those and similar comments in several columns reviewed by CNN's KFile that were published on the website of the conservative National Review magazine in 2001, twice in 2002 and 2003...
  • Why Does Trump Want to Debase the Fed? The tax cut fizzled; send in the clowns!

    04/08/2019 6:43:06 PM PDT · by E. Pluribus Unum · 56 replies
    The New York Slimes ^ | April 8, 2019 | Paul Krugman
    As far as I know, the Federal Reserve — the world’s most important economic policy institution — doesn’t have an anthem. But if it were to adopt one now, the choice would be obvious: “Send In the Clowns.” You see, the Fed’s governing board currently has two vacancies, and Donald Trump has proposed filling those vacancies with ludicrous hacks. If he succeeds, one of our few remaining havens of serious, nonpartisan policymaking will be on its way toward becoming as corrupt and dysfunctional as the rest of the Trump administration. Stephen Moore and Herman Cain are, of course, completely unqualified...
  • Dow surges 800 points after Powell comments, blowout jobs report

    01/04/2019 10:17:27 AM PST · by abb · 86 replies
    CNBC ^ | January 4, 2019 | Fred Imbert
    Stocks rallied on Friday after two positive pieces of news for the market. At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future. The Dow Jones Industrial Average rose 800 points, or 3.5 percent. The S&P 500 rallied 3.5 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a...
  • Dow rallies 1,000 points, logging its biggest single-day point gain ever

    12/26/2018 12:19:40 PM PST · by Candor7 · 164 replies
    CNBC ^ | 26 Dec. 2018 | Fred Imbert & Eustance Huang
    Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.
  • Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes

    12/06/2018 6:50:27 PM PST · by E. Pluribus Unum · 29 replies
    CNBC ^ | WED, DEC 5 2018 • 6:36 PM EST | UPDATED 3 HOURS AGO | Christine Wang, Fred Imbert, Eustance Huang
    Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected. The Wall Street Journal reported the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. The report said Fed officials do not know what their next move on rates will be after December. “What this week and a half shows is an extraordinary sensitivity to headlines, more so than usual,” said Delores Rubin, senior equities trader at Deutsche Bank Wealth Management. “It’s been...
  • President George H. W. Bush Blamed the Fed for his 1992 Reelection Loss – And the Fed is Doing ..

    12/02/2018 12:30:27 PM PST · by bitt · 50 replies
    GATEWAY PUNDIT ^ | 12/2/2018 | Jim Hoft
    The Fed has done all they can to derail Republican Presidents for the past half century. President George H. W. Bush blamed the Fed for his loss in 1992. George H. W. Bush believed balancing the budget was his top priority, but his efforts to do so were constantly hindered by his “no new taxes” pledge. He held conservative views on government spending and believed that issues like homelessness and crime were important, but that the government should not use more tax money to fix such issues. Bush agreed to a budget agreement in 1990 which looked to the long-run...
  • Three Events That Could Change The Face Of America

    11/05/2018 6:18:35 AM PST · by deandg99 · 14 replies
    DC Clothesline ^ | 11/5/2018 | Brandon Smith
    I predicted Trump’s eventual war with the Fed over a year ago, and I have written on the dangers if such a war recently, so I will not go into as much detail on this event. I will say that like the immigrant caravan, this is another issue in which conservatives could be tricked into reacting without thinking of the long game. In my article ‘The Economic End Game Explained‘, I outline the strategy being used by globalists to diminish the U.S. economy as a means to open the door to mass support for a global monetary system controlled by...
  • Dick Bove: Trump poised to take control of the Federal Reserve

    07/23/2018 1:43:49 PM PDT · by Beave Meister · 49 replies
    CNBC ^ | 7/20/2018 | Richard X. Bove
    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. The result could be a more politicized Fed. President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. The president is anti-overregulating American industry. The Fed is a leader...
  • The Federal Reserve May Secretly Want to Sink the Record-Breaking Stock Market

    02/05/2018 7:33:21 PM PST · by familyop · 83 replies
    TheStreet ^ | Sep 19, 2017 | Scott Gamm
    A big Federal Reserve meeting is coming up. Here is one thing that could happen if the Fed gets too aggressive. Despite its independence, the Federal Reserve may quietly want a bear market that takes down a president that loves tweeting about the stock market. Peter Schiff, CEO of Euro Pacific Capital, told TheStreet the "[Janet] Yellen put" in the markets could expire under President Trump. "I don't know if the Fed has much love for Trump," he said, adding that the Fed had the markets' back during the Obama Administration. "Maybe the Fed would be happy to see a...
  • The Federal Reserve is setting America up for economic disaster

    09/19/2017 7:24:05 PM PDT · by Tolerance Sucks Rocks · 75 replies
    The Hill ^ | September 18, 2017 | Armstrong Williams
    I recently had the opportunity to read "The Creature from Jekyll Island" by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions. America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs) The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and So-called "foreign aid" is merely a...