Posts Tagged ‘ Federal Reserve ’

DC: Paul re-introduces “Audit the Fed” bill

January 28, 2015
posted by

Raw Story Raw Story    

"Republican Senator Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve’s monetary policy discussions and decisions to a congressional audit. The Kentucky senator’s move to re-introduce the bill, along with 30 co-sponsors, comes as Republican lawmakers and some Democrats increase their efforts to rein in the U.S. central bank and make it more transparent. The Fed gained broad regulatory powers and implemented massive stimulus measures after the 2007-2009 financial crisis, expanding its balance sheet to $4.5 trillion." (01/28/15)

http://tinyurl.com/mdmyzph  

No Comments »

If the Fed has nothing to hide, it has nothing to fear

January 19, 2015
posted by

US Rep. Ron Paul (R-TX) Campaign For Liberty
by Ron Paul  

"Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally-created shroud of secrecy. No wonder almost 75 percent of the American public supports legislation to audit the Federal Reserve." (01/19/15)

http://www.campaignforliberty.org/fed-nothing-hide-nothing-fear  

No Comments »

The 101st anniversary of the Federal Reserve Act

December 24, 2014
posted by

Students For Liberty Students For Liberty
by Kelly Barber  

"101 years ago today, the Federal Reserve Act was signed into action by Woodrow Wilson on December 13th 1913. The act would establish the Federal Reserve system in the United States as the sole legal authority to issue federal reserve notes (aka the U.S. dollar), giving the institution an extraordinary amount of power over the monetary system. The wave of progressivism in the United States expanded the role of government in the lives of the American public in the realms of labor, education, environment, and finances." (12/23/14)

http://tinyurl.com/k7ejyds  

No Comments »

Janet Yellen’s Christmas gift to Wall Street

December 22, 2014
posted by

US Rep. Ron Paul (R-TX) The Daily Bell
by Ron Paul  

"Last week we learned that the key to a strong economy is not increased production, lower unemployment, or a sound monetary unit. Rather, economic prosperity depends on the type of language used by the central bank in its monetary policy statements. All it took was one word in the Federal Reserve Bank's press release -- that the Fed would be 'patient' in raising interest rates to normal levels -- and stock markets went wild. The S&P 500 and the Dow Jones Industrial Average had their best gains in years, with the Dow gaining nearly 800 points from Wednesday to Friday and the S&P gaining almost 100 points to close within a few points of its all-time high. Just think of how many trillions of dollars of financial activity occurred solely because of that one new phrase in the Fed's statement." (12/22/14)

http://tinyurl.com/nty82gn  

No Comments »

Epic fail: 100 years of the Fed

December 17, 2014
posted by

Jeffrey Tucker Foundation for Economic Education
by Jeffrey A Tucker  

"The most surprising monetary innovation of our time is bitcoin, a privately produced digital currency and payment system. It is a global system that provides a dramatic alternative to central banking and monetary nationalism as we know it. As with other innovations, such as email and texting, it could challenge the dominance of government policies. What will we lose if the private system replaces the government-managed one? A look at the history of central banking -- and the theories behind the history -- shows that we only stand to lose a system that has proven unworkable and dangerous in every way." (12/17/14)

http://fee.org/freeman/detail/epic-fail-100-years-of-the-fed  

No Comments »

Easy come, easy go

December 2, 2014
posted by

Competitive Enterprise Institute
by Ryan Young  

"The Federal Reserve announced Oct. 29 that it was ending quantitative easing, its program to keep interest rates low. Two days later and halfway around the world, the Bank of Japan announced that it would do the opposite. Both Washington and Tokyo, having presided over weak economies for several years, are eager to get growth back on a fast track. So why are they pursuing opposite policies?" (12/01/14)

https://cei.org/content/easy-come-easy-go  

No Comments »

Yellen’s concern for inequality ignores Fed’s role in creating it

November 7, 2014
posted by

Cato Institute Cato Institute
by James A. Dorn  

"In a widely publicized speech by Janet Yellen at the Federal Reserve Bank of Boston’s Conference on Economic Opportunity and Inequality, the Fed chairwoman stated, 'The extent of and continuing increase in inequality in the United States greatly concern me.' What she didn’t say is that the Fed itself has helped fuel disparities in income and wealth by its suppression of interest rates over the last six years." (11/05/14)

http://tinyurl.com/kalvd5m  

No Comments »

How Wilson and the Fed extended the Great War

November 5, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Brendan Brown  

"As the world reflects on the incomprehensible horror of the Great War which erupted 100 years ago there is a question which goes unasked in the media coverage. How was there no peace deal between the belligerents in 1915 or at latest 1916 once it became clear to all -- especially after the Battle of the Somme -- that the conflict had developed into a stalemate and holocaust of youth? While there had been some early hopes for peace in 1916, they quickly evaporated as it became clear that the British government would not agree to a compromise deal. The political success of those who opposed compromise was based to a considerable degree on the argument that soon the US would enter the conflict on the Entente’s (Britain and France) side." (11/04/14)

http://tinyurl.com/qzyustm  

No Comments »

Inequality and the Federal Reserve: Part of the solution or part of the problem?

October 29, 2014
posted by

David S. D'Amato Center for a Stateless Society
by David S. D'Amato  

"The relationship between the Federal Reserve and wealth inequality presents an important opportunity for left-wing individualists insofar as libertarian critiques of the Fed are typically regarded as coming from the right. As free market libertarians, however, we need not accept that narrative. Rather, we can attack the Federal Reserve System from a perspective that is both free market and left-wing, condemning the central bank as a class instrument designed to buttress rich, Wall Street interests." (10/27/14)

http://c4ss.org/content/32930  

No Comments »

The Fed’s new labor-market measure

October 21, 2014
posted by

Frank Shostak Ludwig von Mises Institute
by Frank Shostak  

"Economists at the Federal Reserve have devised a new indicator, which they hold will enable US central bank policymakers to get better information regarding the state of the labor market. The metric is labeled as the Labor Market Conditions Index (LMCI). Note that one of the key data points Fed policymakers are paying attention to is the labor market. The state of this market dictates the type of monetary policy that is going to be implemented." (10/21/14)

http://mises.org/daily/6931/The-Feds-New-LaborMarket-Measure  

No Comments »

The Federal Reserve’s inflation lie

August 24, 2014
posted by

Downsize DC Downsize DC
by James Wilson  

"The Federal Reserve claims inflation was just 1.6% in June. Is this a lie? Compared to a year ago ... * food prices are up 2.5% ... * gas prices are up 3.5% ... * while weekly earnings remain the same." (08/22/14)

https://secure.downsizedc.org/blog/the-federal-reserves-inflation-lie  

No Comments »

The Fed and the “Salvador Dali Effect”

August 20, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Dante Bayona  

"There is a story about the great Catalan surrealist painter Salvador Dali. It is said that in the last years of his life, when he was already famous, he signed checks knowing that they would not be submitted to the bank for payment. Rather, after partying with his friends and consuming the most expensive items the restaurants had to offer, he would ask for the bill, pull out one of his checks, write the amount, and sign it. Before handing over the check, he quickly turned it around, made a drawing on the back and autographed it. Dali knew the owner of the restaurant would not cash the check but keep it,put it in a frame, and display it in the most prominent place in the restaurant: 'An original Dali.'" (08/19/14)

http://mises.org/daily/6845/The-Fed-and-the-Salvador-Dali-Effect  

No Comments »

Fed’s Rosengren says brokerage rules need “major re-examination”

August 13, 2014
posted by

Business Week    

"Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a 'major re-examination' to prevent funding shortfalls during a crisis and that brokers should have higher capital requirements. ... Firms that depend on unstable funding should be required to 'hold significantly more capital' than if they relied on more stable sources, Rosengren said. Such requirements should apply to large independent brokers, foreign firms with U.S. holding companies and banks with 'major' brokerages." (08/13/14)

http://tinyurl.com/p8hz8ux  

No Comments »

Central bank theater

July 28, 2014
posted by

The Dollar Vigilante
by Wendy McElroy  

"The myth that German gold is safe in American vaults is part of suppressing gold prices because discovery of the gold's absence could cause other vaults to be inspected and the general dearth of physical gold to be revealed. Then public opinion might force a government and central bank to demand gold back. A bullion bank would have to buy the physical gold it needs to return at what might be ruinous prices; big banks could fail. One question too many could topple the scam. And, so, the German government and BuBa 'trust' the NY Fed with their nonexistent gold even when they do not trust America in the slightest." (07/25/14)

http://dollarvigilante.com/blog/2014/7/25/central-bank-theater.html  

No Comments »

You can’t taper a Ponzi scheme

July 27, 2014
posted by

CounterPunch CounterPunch
by Ellen Brown  

"At one time, manipulating interest rates was the Fed’s stock in trade for managing the money supply; but that tool too has lost its cutting edge. Rates are now at zero, as low as they can go -- unless they go negative, meaning the bank charges the depositor interest rather than the reverse. That desperate idea is actually being discussed. Meanwhile, rates are unlikely to be raised any time soon. On July 23rd, Bloomberg reported that the Fed could keep rates at zero through 2015. One reason rates are unlikely to be raised is that they would make the interest tab on the burgeoning federal debt something taxpayers could not support. Higher rates could also implode the monster derivatives scheme." (07/25/14)

http://www.counterpunch.org/2014/07/25/you-cant-taper-a-ponzi-scheme/  

No Comments »

How to start reforming the Federal Reserve right now

July 24, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Brendan Brown  

"An essential component of monetary reform should be setting interest rates free. This means no more official pegging or guidance of short-term interest rates and no attempt to manipulate in various ways long-term interest rates. Markets can do a better job of discovering the neutral rates of interest (across different maturities) and positioning market rates at any time relative to these so as to guide the economy along an equilibrium path than any set of well-informed and even well-meaning Fed officials. This is all on the big assumption that the reformers can design a monetary system around a suitable firmly placed pivot." (07/23/14)

http://tinyurl.com/llxkxmm  

No Comments »

The Federal Reserve overreaches

July 22, 2014
posted by

Competitive Enterprise Institute Competitive Enterprise Institute
by Iain Murray  

"Is the Federal Reserve after your debit and credit cards? In a move little noticed except by those in the payments industry, the Federal Reserve last fall issued a consultation document about 'payment system improvement.' This suggests a desire by the Fed to introduce a new payments system, ostensibly to allow faster payments and reduce transaction costs. The Fed worries that other countries have moved ahead of the U.S. in payments efficiency, but their suggestion might mean that the central bank will compete with the entities it regulates." (07/21/14)

http://cei.org/content/federal-reserve-overreaches  

No Comments »

Reining in the Fed

July 14, 2014
posted by

Independent Institute Independent Institute
by J. Huston McCulloch  

"Interest on excess reserves has enabled the Fed to expand from its traditional pre-2008 role as a central bank that mainly just prints money and buys Treasury securities, to become a massive financial intermediary in its own right: Its $1.7 trillion MBS position means that it is acting as a huge savings and loan association, funding long-term mortgages with overnight deposits. In doing so, it is taking exactly the same risks that the S&Ls took in the 1960s and 70s, that led to their demise when short-term interest rates rose to more than they were making on their fixed-rate mortgages. And the $1.5 trillion in new Treasuries it has acquired in excess of currency creation under successive 'quantitative easing' programs amount to speculation that longer term bond rates will never go up – which of course they will." (07/13/14)

http://blog.independent.org/2014/07/13/reining-in-the-fed/  

No Comments »

The Fed’s stimulus is a chimera

June 30, 2014
posted by

Cato Institute Cato Institute
by James A. Dorn  

"The U.S. Federal Reserve Bank’s three rounds of quantitative easing and near-zero target for the federal funds rate have not provided the promised stimulus. The idea that dramatically expanding the Fed’s balance sheet and rapidly increasing the monetary base would revitalize the real economy is a fantasy. Printing fiat money does not lead to economic growth." (06/27/14)

http://www.cato.org/publications/commentary/feds-stimulus-chimera  

No Comments »

Why timid reforms of central banks won’t work

June 30, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
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." (06/30/14)

http://tinyurl.com/q2lclo8  

No Comments »

Europe’s Mario Draghi now starring in Bernanke’s show

June 25, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Brendan Brown  

"Just as Professor Bernanke exits center stage at the end of Act I of the monetary comedy he created, the scene shifts to Frankfurt. The star of Act II is European Central Bank (ECB) chief Mario Draghi. As we pick up the story, Mr. Draghi has been launching a defense against a phantom threat of deflation." (06/24/14)

http://tinyurl.com/ogoxhyx  

No Comments »

Why the Fed is nothing to celebrate

June 24, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Benjamin M. Wiegold  

"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. The mainstream media has also been vocal, as CNN posted a piece claiming Janet Yellen's becoming the first female chair is an 'apt way to mark the anniversary,' while National Review published an article of their own. Although the two outlets differ on politics, it seems nearly everyone agrees the Fed has fulfilled its purpose: grow the economy and prevent economic downturns." 906/23/14)

http://mises.org/daily/6787/Why-the-Fed-Is-Nothing-to-Celebrate  

No Comments »

World stocks muted as investors await Fed

June 18, 2014
posted by

Houston Chronicle    

"World stocks were muted as investors awaited an update on the U.S. economy later Wednesday from the Federal Reserve following its two-day policy meeting, while Japanese markets rose on a weaker yen. Equity investors have been holding back this week as they looked ahead to the Fed's meeting and its implications for the economy. The central bank was expected to update its forecasts for the world's biggest economy and scale back economic stimulus another notch. It was less certain whether policymakers would give any hints on when they want to start raising short-term interest rates from record lows." (06/18/14)

http://tinyurl.com/kvsoulo  

No Comments »

Fed could inadvertently jolt markets this week

June 15, 2014
posted by

CNBC    

"The Federal Reserve is widely expected to announce another $10 billion monthly reduction in quantitative easing in Wednesday's FOMC statement. But the focus will be on the Fed's economic assessment, which could end up dramatically realigning investor expectations about when the Fed will hike rates. In its previous statement, issued in late April, the Federal Open Market Committee noted that 'growth in economic activity has picked up recently, after having slowed sharply during the winter,' but added that 'labor market indicators were mixed' and 'the unemployment rate ... remains elevated.'" (06/15/14)

http://www.cnbc.com/id/101751976  

No Comments »

US Senate confirms two Fed governors, makes Fischer vice chairman

June 13, 2014
posted by

Business Week    

"The U.S. Senate confirmed two nominees to the Federal Reserve board and made Stanley Fischer Fed vice chairman less than a week before policy makers gather to consider further tapering record accommodation. Lael Brainard, former U.S. Treasury undersecretary for international affairs, won approval yesterday as a Fed governor, while Jerome Powell gained a second term. With the confirmations, five of the seven seats on the Fed board are filled for the first time since Ben S. Bernanke stepped down at the end of his second term as chairman in January." (06/13/14)

http://tinyurl.com/p2uv54h  

No Comments »

Our Sponsors





Making a living off your Drupal site?

Drupal Managed Hosting

Fed up with Maintenance and Hosting companies?