“The Federal Reserve’s vocal dissenter stood his ground against ultraloose monetary policy Friday in a week that the Fed opened the floodgate to loose additional dollars into the system. Federal Reserve Bank of Kansas City President Thomas Hoenig on Fr …
READ MORE“The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With short-term interest rates already about as low as they can go, the FOMC agreed to deliver that support by purchasing additio …
READ MORE“A commodities buying spree spurred by U.S. quantitative easing has raised alarm of an inflationary bubble reminiscent of 2008 when oil and other industrial raw materials struck all-time highs before the crash. But the Reuters-Jefferies CRB index .CRB, …
READ MORE“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials decided to go ahead with a much anticipated program, sayi …
READ MORE“The Federal Reserve’s expected move is a controversial step at home and abroad. One Fed calculation shows that every $500 billion of bond purchases has the same stimulative effect as about a half-percentage-point cut in short-term interest rates. But …
READ MORE“Resentment in emerging markets about the global spillover effects of easier U.S. monetary policy is likely to hang over next week’s summit of the Group of 20 leading economies in Seoul. “What will happen with another round of quantitative easing by th …
READ MORE“It seems this Chairman of the Federal Reserve is of the belief that diluting the dollar is the cure for everything from a recession to male pattern baldness. But money printing can’t accomplish any of things that are necessary to rescue the economy. I …
READ MORE“For some of the reasons that have been supported here by Steve and George, a WSJ editoral argues that Milton Friedman’s monetary policy analysis could be used to defend QE2 in our current economic context. I remain unpersuaded that any of these argume …
READ MORE“Crude oil futures for December rose 95 cents to $83.90 a barrel on Tuesday, the highest closing price since May 3, as the dollar weakened again and traders focused on the expectation of a new round of “quantitative easing” by the Fed. You’re feeling o …
READ MORE“Former Federal Reserve Chairman Paul Volcker, an adviser to President Barack Obama, said quantitative easing may spark inflation in the future and the amount involved may be a cause for concern. “When money is too easy for too long, we will have more” …
READ MORE“Oil for December delivery rose as much as 53 cents to $81.96 a barrel in electronic trading on the New York Mercantile Exchange. It was at $81.84 at 11:07 a.m. Singapore time. On Oct. 29, the contract dropped 0.9 percent to $81.43, trimming the advanc …
READ MORE“Critics of the Fed — and even someFed members — point to various unintended consequences QE2, including the possibility of a new asset bubble in financial markets, a return of inflation at painful levels, and even a currency or trade war with U.S. t …
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