The US central bank announced on Thursday, September 13, 2012, that it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost economic growth and reduce unemployment.
The San Francisco Fed asked people what they thought Quantitative Easing would do to the economy. The answer wasn't what they expected...
Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal austerity is the cause of Hungary’s slump. Nonsense. Hungary’s recession results from its slumping money supply.
While some members of Congress and Republican presidential hopeful Mitt Romney want to label China a “currency manipulator,” little is said about the Federal Reserve’s role as an interest-rate manipulator.
During the Cold War, national security analysts spoke knowingly about the art of "Kremlinology." This was a technique for understanding Soviet power relations and policy changes taking place inside the leadership compound in the Kremlin.
Paul Ryan's plan won't succeed without legislation to prevent the Federal Reserve from monetizing the national debt.
As concerns over the U.S. dollar and the Federal Reserve continue to grow, U.S. lawmakers are exploring sound money, competing currencies, and the route to monetary freedom.
Even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed’s thrall, the economists missed it, too.