Category: US Federal Reserve Bank
The analysis published under this category are as follows.
Monday, December 01, 2014
U.S. Federal Reserve - The Birth of a Monster / Politics / US Federal Reserve Bank
By: David_Howden
The Federal Reserve’s doors have been open for “business” for one hundred years. In explaining the creation of this money-making machine (pun intended — the Fed remits nearly $100 bn. in profits each year to Congress) most people fall into one of two camps.
Those inclined to view the Fed as a helpful institution, fostering financial stability in a world of error-prone capitalists, explain the creation of the Fed as a natural and healthy outgrowth of the troubled National Banking System. How helpful the Fed has been is questionable at best, and in a recent book edited by Joe Salerno and me — The Fed at One Hundred — various contributors outline many (though by no means all) of the Fed’s shortcomings over the past century.
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Tuesday, November 25, 2014
How the Fed Sees Itself Is Not Pretty / Interest-Rates / US Federal Reserve Bank
By: Money_Morning
Shah Gilani writes: Talk about putting your foot in your mouth. This would be funny if it wasn’t sickening.
During congressional questioning on Friday, Sen. Elizabeth Warren (D. Mass.) commented that the U.S. Federal Reserve‘s job is like that of “a cop on the beat.”
And that’s when New York Fed President William Dudley inserted a foot in his big mouth.
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Monday, November 17, 2014
What The Fed Has Wrought, Who Needs Wage Earners Anyway? / Politics / US Federal Reserve Bank
By: James_Quinn
The chart below might be the most powerful indictment of the Federal Reserve and our corporate fascist empire of debt ever created. Some people don't get charts. Charts tell a story. This chart tells the story of elitist bankers supporting the agenda of a corporate fascist state, resulting in the gutting of the middle class. Anyone who views this chart in a positive manner is either a Federal Reserve banker or their paycheck is dependent upon the continuation of the pillaging of the working class. Corporate profits are at all-time highs. Profit margins have always reverted to the mean throughout modern history. If they remain at all-time highs then something is terribly wrong.
Tuesday, November 11, 2014
U.S. Jobs - Why Janet Yellen Needs Her Own Magic Show / Economics / US Federal Reserve Bank
By: Don_Miller
What do Siegfried and Roy have in common with Federal Reserve Chairman Janet Yellen?
Shortly after the Bureau of Labor Statistics released unemployment data last month showing that joblessness had dropped below 6% for the first time since the 2008 crash, the Federal Reserve announced it would stop government bond purchases; Quantitative Easing is history.
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Thursday, October 30, 2014
Everything The Fed Does Is Scripted / Interest-Rates / US Federal Reserve Bank
By: Raul_I_Meijer
Janet Yellen today solemnly stated that the Fed has killed QE because the jobs outlook has improved. These are the guys and gals who have more and better access to more and better data than any of us have. And we all know that the sole reason the BLS unemployment rate has fallen is that 90-odd million working age Americans are no longer counted as part of the work force, and a huge part of those who are still employed moved to worse-paying jobs and/or had their pay and/or benefits cut.
Friday, October 10, 2014
The Fed Risk - Upside Down and Backwards: Here We Go Again / Interest-Rates / US Federal Reserve Bank
By: MISES
"There are some ideas so wrong that only a very intelligent person could believe in them." -George Orwell
In a recent widely distributed associated press article, Bond Market Bubble is Looking
Fragile, Bernard Cohen correctly (remarkably) identifies the financial bottleneck threatening to once again freeze credit markets a la The Lehman Crisis.
Cohen paints the portrait of a bond market panic; the very sort that could easily trigger the type of crash that could "get away" from policy makers and morph into a full blown currency crisis.
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Friday, September 12, 2014
Is the Fed Preparing to Asset-Strip Local Governments? / Politics / US Federal Reserve Bank
By: Ellen_Brown
In an inscrutable move that has alarmed state treasurers, the Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, just changed the liquidity requirements for the nation’s largest banks. Municipal bonds, long considered safe liquid investments, have been eliminated from the list of high-quality liquid collateral assets (HQLA). That means banks that are the largest holders of munis are liable to start dumping them in favor of the Treasuries and corporate bonds that do satisfy the requirement.
Monday, September 08, 2014
How the Fed is Killing America / Politics / US Federal Reserve Bank
By: Money_Morning
It’s maddening…
Our economy is stagnating.
The divide between haves and have-nots is widening every day.
There are fewer and fewer good jobs and careers to be had.
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Wednesday, September 03, 2014
Why US Fed Must Act Now to Get Money into the Hands of Ordinary Americans / Politics / US Federal Reserve Bank
By: Ellen_Brown
When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.
The September/October issue of Foreign Affairs features an article by Mark Blyth and Eric Lonergan titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on?
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Tuesday, September 02, 2014
The Fed's Ice Bucket Challenge / Interest-Rates / US Federal Reserve Bank
By: Michael_Pento
Unless you have been living under a rock for the past month, you have more than likely heard of the ALS Ice bucket challenge. But, just in case you have been living under that rock--the challenge dares nominated participants to be filmed having a bucket of ice water poured on their heads and challenging others to do the same. The stipulation is that the nominated people have 24 hours to comply, or forfeit by way of a charitable donation to ALS. It is an ingenious marketing campaign that has thankfully raised awareness and millions of dollars for ALS.
Friday, August 29, 2014
The Fed Meeting at Jackson Hole Exposed Yellen’s Greatest Weakness / Interest-Rates / US Federal Reserve Bank
By: Money_Morning
James Rickards writes: At the recent central banker conclave in Jackson Hole, Wyoming, the two most powerful central bankers in the world, Janet Yellen, chair of the U.S. Federal Reserve, and Mario Draghi, president of the European Central Bank (ECB), gave back-to-back addresses on the same subject.
It was like a controlled experiment in the attitudes and capabilities of the two leading financial powers in the world.
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Friday, July 25, 2014
Yellen Goes Where No Man Has Gone Before / Interest-Rates / US Federal Reserve Bank
By: Peter_Schiff
Although Fed Chairwoman Janet Yellen said nothing new in her carefully manicured semi-annual testimony to Congress last week, her performance there, taken within the context of a lengthy profile in the New Yorker (that came to press at around the same time), should confirm that she is very different from any of her predecessors in the job. Put simply, she is likely the most dovish and politically leftist Fed Chair in the Central Bank's history.
Wednesday, July 23, 2014
How to Start Reforming the Federal Reserve Right Now / Interest-Rates / US Federal Reserve Bank
By: MISES
Brendan Brown writes: First the good news. The House Financial Services Committee has held a hearing on “Legislation to Reform the Federal Reserve on its 100-year Anniversary.” The hearing focused on a bill introduced by Scott Garrett and Bill Huizenga which would require the Fed to provide Congress with a clear rule to describe the course of monetary policy. Now for the bad news. The rule is to be an equation showing how the Fed would adjust interest rates in response to changes in certain economic variables. And the star witness before the committee proposing his own version of such a rule is renowned neo-Keynesian economist, ex-Bush official Professor John B. Taylor.
Tuesday, July 15, 2014
Janet Yellen Is A Religious Nutcase / Politics / US Federal Reserve Bank
By: Raul_I_Meijer
Janet Yellen is a religious nutcase. She may not appear like one at first glance, but take a look at her picture again and you may find that instead that’s exactly what she looks like. She may have that nice little grandma façade, but then those are often the worst cases. I realize this is not a nice thing to say, but there are limits to what even nice little grandmas can say and do, especially when they run a central bank where an embroidery class would seem like a much better fit.
Saturday, July 12, 2014
U.S. Fed Inside Thoughts on Inflation and Raising Interest Rates / Interest-Rates / US Federal Reserve Bank
By: Bloomberg
In an interview on Bloomberg TV's "Market Makers" with Mike McKee, Philadelphia Fed President Charles Plosser said the Fed is getting closer to its objectives for full employment and price stability. He said, "The data keeps telling us we ought to be raising rates" and that "If we wait too long, we could find ourselves raising rates faster and higher than we want to."
Thursday, July 10, 2014
U.S. Federal Reserve June 2014 - Noise / Politics / US Federal Reserve Bank
By: Fred_Sheehan
On June 18, 2014, and July 2, 2014, Federal Reserve Chairman Janet Yellen announced her bureaucracy will let inflation do its own thing. She is steadfast in her determination to meet the Fed's dual mandates under the Bernanke-Yellen dispensation, that is, she will not interfere with either the central bank-induced asset or price inflations.
A discussion of asset inflation will follow, with a quick note first about the June 18 press conference. Yellen stated: "Let me just say inflation continues to run well below our objective." This was not true. The Fed's measurement for inflation (Personal Consumption Expenditure) was 1.6% in May (1.8% in June, announced after this press conference.) By every other measure, inflation is above 2.0%. The all-items, PCE price index, published by the Dallas Fed, rose at a 2.8% annual pace in May.
Monday, June 30, 2014
Why Timid Reforms of Central Banks Won’t Work / Politics / US Federal Reserve Bank
By: Frank_Hollenbeck
The Federal Reserve System of central banking was a response to the financial panics of 1903 and 1907 that rocked the US financial system. One of the key objectives, if not the only real one, was to counterbalance the nefarious nature of fractional reserve banking. We now have experienced a century of living with a central bank and we must only conclude that it has failed as a counterbalance while making fractional reserve banking an even bigger, more nefarious master. The evidence is clear and reform of the system is not the answer. Only the abolition of this institution will begin to set our economic system on the right path.
Wednesday, June 25, 2014
Ben Bernanke: Buy One Get Three Free / Politics / US Federal Reserve Bank
By: Vitaliy_Katsenelson
Linear thinking is dangerous. It is the easiest form of reasoning, lying on the path of least resistance. The simpler the path, the more readily people will march along it. Linear arguments are easy to make, as they require the least amount of evidence — past data points with a straight line drawn through them.However, the larger the crowd that follows the wrong line of reasoning, the more people pile in, and the greater the consequences if they are proved wrong.
Tuesday, June 24, 2014
Why the U.S. Fed Is Nothing to Celebrate / Politics / US Federal Reserve Bank
By: MISES
Ben Wiegold writes: The Federal Reserve System turned 100 years old last December and Fed supporters have been celebrating ever since. In recent months, the Dallas Fed opened an historical exhibit, the Kansas City Fed released a documentary, and the New York Fed even started a Facebook page, all to commemorate the date.
Friday, June 20, 2014
U.S. Fed Musical Chairs at the FOMC / Interest-Rates / US Federal Reserve Bank
By: John_Mauldin
“You can’t tell the players without a program. Get your program here!” yelled the stadium vendors of my youth. In today’s Outside the Box I bring you an excellent piece of Fed watching by Nouriel Roubini and colleagues, a “program” of the new Fed members and where they rank on the hawk-dove scale. They point out that, with a new chairperson (Janet Yellen) and vice-chair (Stanley Fischer), and with higher than normal turnover on the Federal Open Market Committee (FOMC) – over the past year, 75% of the FOMC’s membership has changed – the Fed’s need for clear communications with regard to monetary policy and forward guidance is greater than ever.