Category: US Federal Reserve Bank
The analysis published under this category are as follows.
Thursday, July 11, 2013
Why’s There So Much Dissension Inside the Fed? / Politics / US Federal Reserve Bank
By: Money_Morning
Gary Gately writes: There's considerable dissension within the ranks at the Federal Reserve, with many of Chairman Ben Bernanke's colleagues saying the Fed's monthly purchase of $85 billion in bonds should end by late this year.
"About half" of 19 Fed members "indicated that it likely would be appropriate to end asset purchases later this year," according to minutes of the June Fed policy-making committee meeting, released Wednesday.
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Thursday, July 11, 2013
Should Larry Summers Replace Bernanke at the Fed? / Politics / US Federal Reserve Bank
By: Money_Morning
Garrett Baldwin writes:Just this week, the Wall Street Journal reported that former Treasury Secretary and Harvard President Larry Summers is "hell-bent" on becoming the next U.S. Federal Reserve Chairman.
The more important issue, however, is whether Americans should want Summers involved in such a prominent role in the global economy.
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Wednesday, June 26, 2013
The Federal Reserve after Ben Bernanke / Politics / US Federal Reserve Bank
By: BATR
Speculation is mounting that "Helicopter Ben" will exit the Fed at the end of his current term. When the Bernanke era ends, what expectation will the next head of the central bank face? Remember the In Greenspan We Trust experience, and the designed pump and dump, crash and burn markets that led to the need to inflate the debt bubble. Bernanke did not save the economy; he merely bailed out the international banksters at the expense of productive main street enterprises. Throwing money to the air currents, when the prevailing winds only blow to Wall Street is the true legacy of Ben Bernanke.
Tuesday, June 25, 2013
Bernanke Plays Call my Bluff With Markets / Interest-Rates / US Federal Reserve Bank
By: John_Mauldin
(Wikipedia): Call My Bluff was a long-running British game show between two teams of three celebrity contestants. The point of the game is for the teams to take it in turn to provide three definitions of an obscure word, only one of which is correct. The other team then has to guess which is the correct definition, the other two being "bluffs".
Grant Williams writes: Among the first things we learn in school are the rules of grammar — the building blocks of proper communication which underpin the English language.
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Friday, June 21, 2013
Federal Reserve Propping Up Asset Prices / Stock-Markets / US Federal Reserve Bank
By: Fred_Sheehan
The Federal Reserve is fully committed to its asset-propping strategy: It will raise the economy by lifting asset numbers.
This is where it is important to remember the Federal Reserve does not care about economics. The economists at the Fed are central planners. It's not that they don't like economics, they simply are not interested in, so ignore, economics. Those of us not so inclined think of asset numbers as prices, be they shares in the S&P 500 or wheat germ. But the Fed operates in an abstract world; humanity is a distraction.
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Thursday, June 20, 2013
Bill Gross - Bernanke is Driving in the Fog / Interest-Rates / US Federal Reserve Bank
By: Bloomberg
PIMCO co-CIO Bill Gross appeared on Bloomberg TV's "Street Smart" with Trish Regan and Adam Johnson today, where he said that investors who are selling Treasuries on expectations that the Federal Reserve will scale back QE are missing the influence of inflation on the Fed's decision. He said, "The market basically has misinterpreted the growth and the unemployment targets while leaving out the inflation targets going forward…This is a combined growth, unemployment and inflation type of combination that has to be delicately managed."
Wednesday, June 19, 2013
Grumblings of Fed’s QE Taper; What Will Happen in Wake of Today’s FOMC Meeting? / Interest-Rates / US Federal Reserve Bank
By: InvestmentContrarian
George Leong writes: The wait is over. The Federal Reserve will conclude its Federal Open Market Committee (FOMC) meeting today and, of course, all of you will know what Chairman Ben Bernanke’s current thinking will be.
We have been hearing grumblings from other Federal Reserve members across the nation about how the voting members should consider tapering the Fed’s bond buying.
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Wednesday, June 19, 2013
The Only Thing Certain About Today’s Fed FOMC Meeting / Interest-Rates / US Federal Reserve Bank
By: Graham_Summers
The Fed will announce its moves today at 2PM.
There’s really no telling what will happen. The markets have become truly schizophrenic. For instance, stocks continue to rally as though more QE is coming.
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Wednesday, June 05, 2013
U.S. Federal Reserve vs. Small Business / Economics / US Federal Reserve Bank
By: Steve_H_Hanke
Given all the attention that the Federal Reserve has garnered for its monetary “stimulus” programs, it’s perplexing to many that the U.S. has been mired in a credit crunch. After all, conventional wisdom tells us that the Fed’s policies, which have lowered interest rates to almost zero, should have stimulated the creation of credit. This has not been the case, and I’m not surprised.
Thursday, May 23, 2013
7 Reasons Not to Trust the Bernanke Testimony to Congress / Politics / US Federal Reserve Bank
By: Money_Morning
David Zeiler writes: As usual, the markets were hanging on every word of the Bernanke testimony to Congress today (Wednesday).
By now, everyone should know better.
In the years that U.S. Federal Reserve Chairman Ben Bernanke has been a member of the Fed - both as a member of the Board of Governors from 2002 to 2005, and in his two terms as chairman beginning in 2006 - he has been stupendously wrong time and time again.
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Friday, May 10, 2013
What the U.S. Federal Reserve Bank Hopes You Will Never Find Out / Politics / US Federal Reserve Bank
By: Money_Morning
David Zeiler writes: Most Americans assume the U.S. Federal Reserve is a powerful government institution that seeks only to safeguard the dollar, boost the economy and drive employment higher.
That's what the Fed wants you to think.
The illusion of the Fed as a stabilizing, positive government entity has more or less existed since its creation under dubious circumstances in 1913.
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Tuesday, May 07, 2013
Fed Greatest Lie Exposed - 50 Years of No Real Economic Progress / Politics / US Federal Reserve Bank
By: Bill_Bonner
Public life bumbles along under a combination of false pretenses and self-imposed delusions.
At the start of last week, it was widely reported that US central bankers had gone as far as they were willing to go. There were voices in the Fed, said the news, urging caution. There would be no further monetary stimulus measures, said the commentators.
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Tuesday, May 07, 2013
Handicapping the Potential Successors to Ben Bernanke / Politics / US Federal Reserve Bank
By: Casey_Research
By Paul Brodsky
[Ed. note: This article originally appeared as a guest contribution in the "Midweek Matters" Casey Daily Dispatch.]
A couple of days after the Fed announced Ben Bernanke would not attend the Jackson Hole summit, for the first time in twenty five years, the New York Times (on the first page, no less) ran an in-depth profile of Janet Yellen, the heir apparent to run the Fed. Beneath her profile there were three other candidates "being discussed": Roger Ferguson, Tim Geithner, and Larry Summers.
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Monday, May 06, 2013
Federal Reserve Blows More Market Bubbles / Stock-Markets / US Federal Reserve Bank
By: Dr_Ron_Paul
Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move.
The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don't start looking up. But actually the Fed has already been buying more than the announced $85 billion per month. Between February and March, the Fed's securities holdings increased $95 billion. From March to April, they increased $100 billion. In all, the Fed has pumped more than a half trillion dollars into the economy since announcing its latest round of "quantitative easing" (QE3) in September 2012.
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Wednesday, March 27, 2013
The Central Bank Lullaby / Politics / US Federal Reserve Bank
By: Brady_Willett
Rock-a-bye baby, on the treetop,
When the wind blows, the cradle will rock,
When the bough breaks, the cradle will fall,
And down will come baby, cradle and all.
Why is a song about a severely injured baby and smashed cradle sung to children at night to lull them to sleep? Apparently, because If you sing this popular lullaby often enough the nonsensical violence in the storyline fades and the rhythmically appealing sounds endure.
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Tuesday, March 26, 2013
Do We Really Need the Federal Reserve Bank? / Politics / US Federal Reserve Bank
By: Money_Morning
Keith Fitz-Gerald writes: Last week I spent two days speaking to senior government officials and business leaders in Bermuda, which is one of the world's leading international insurance and reinsurance hubs. The men and women in the room are responsible for hundreds of millions in assets worldwide.
I spoke for over an hour on the implications and opportunities of the financial crisis (I'll have specifics for Money Morning readers next week).
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Monday, March 18, 2013
Oz: The Great and Powerful” Perfect Analogy of the Fed / Politics / US Federal Reserve Bank
By: Profit_Confidential
Mitchell Clark writes: “Oz: The Great and Powerful” is The Walt Disney Company’s (NYSE/DIS) latest flick about a character named Oscar Diggs who is a con artist. He finds himself in the Land of Oz, where he is a magician that’s ethically challenged. It’s quite the analogy to what’s happening today in the U.S. economy.
Tuesday, March 12, 2013
Fed's Bubbles to Slaughter Middle Class / Politics / US Federal Reserve Bank
By: Michael_Pento
When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn't at all be a surprise to investors that they eventually achieve success. Ben Bernanke has aggressively attempted to prop up the real estate and equity markets since 2008. His efforts to increase the broader money supply and create inflation have finally supported home prices, sent the Dow Jones Industrial average to a record nominal high and propelled the bond bubble to dizzying heights.
Sunday, March 10, 2013
Eating the Fed for Lunch / Politics / US Federal Reserve Bank
By: Fred_Sheehan
The lack of interest regarding just how the Federal Reserve will extricate itself and the rest of us may be a matter of self-preservation. There is no way out from its loony, money hypothesis.
It is not ironic that the man responsible for extrication is in a trance. Only such a fuzzy-headed, tweedy thinker would have created the greatest moral hazard in the history of the world.
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Thursday, March 07, 2013
Who Profits From the Fed? / Politics / US Federal Reserve Bank
By: David_Howden
We recently looked at the Federal Reserve’s 2012 results. In particular, we pointed to some positive and negative developments. On a positive note, the Fed managed to shrink down the size of its balance sheet by approximately one-third of a percent. (Hey, it’s a start.) On a negative note, this decrease occurred because banks shifted their holdings of reserves into cash, thus forcing the Fed to sell off some of its assets. I explained that this is a potentially negative result, as the shift into cash brings with it inflationary pressure on prices.