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Keyword: fedinterestrates

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  • WH projects $1 trillion deficit for 2019

    07/16/2019 10:00:43 AM PDT · by DoodleDawg · 76 replies
    The Hill ^ | 7/16/19 | Niv Elis
    The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level, excluding the four-year period following the Great Recession. "The 2019 deficit has been revised to a projected $1.0 trillion," the White House Office of Management and Budget (OMB) wrote in its midyear review. As a candidate, President Trump promised to wipe out not only the deficit but the entire federal debt, which has surpassed $22 trillion. Republicans cast aside projections that their 2017 tax reform law would add $1.9 trillion to the deficit...
  • Fed finally lifts key interest rate from near zero

    12/16/2015 11:10:50 AM PST · by Dacula · 22 replies
    AP ^ | 12-165-2015 | MARTIN CRUTSINGER
    Raised interest rate by .25% Rate now .50%
  • Obama: You Need To Fire Everyone (Fed holding interest rates at zero for 4 years?!)

    01/10/2009 11:21:04 AM PST · by randita · 14 replies · 1,182+ views
    The Market Ticker ^ | 1/10/09 | Karl Denninger
    Obama: You Need To Fire Everyone The Market Ticker Saturday, January 10. 2009 Posted by Karl Denninger at 11:57 Obama: You Need To Fire Everyone ..... involved in producing your "American Recovery and Reinvestment Plan".Why? In "Appendix 1" We considered multipliers for the case where the federal funds rate remains constant, rather than the usual case where the Federal Reserve raises the funds rate in response to fiscal expansion, on the grounds that the funds rate is likely to be at or near its lower bound of zero for the foreseeable future. Please tell me this is a joke....