Federal Reserve

If the Federal Reserve were democratic, there’s no chance it would raise interest rates. The Fed is nearing a decision on when to raise rates for the first time since 2008. But raising them now would be a disaster: the Fed would quash economic growth and keep wages and employment from rising....
11/14/2014
Blog
A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote about earlier,what lingers in the air of “post-taper” time is...
11/12/2014
Blog
On PolicyShop, Matt Bruenig continues his series of analysis on the Federal Reserves recent Survey of Consumer Finances, this time considering racial wealth levels by income. Read the full post, Whites Have More Wealth Than Blacks And Hispanics With Similar Incomes
09/25/2014
Data Byte
On PolicyShop, Matt Bruenig continues his series of analysis on the Federal Reserves recent Survey of Consumer Finances, this time considering racial wealth levels by education. Read the full post, White High School Dropouts Have More Wealth Than Black And Hispanic College Graduates...
09/23/2014
Data Byte
Gretchen Morgenson’s New York Times article on the New York Fed’s ongoing bailout of Bank of America is a much needed reminder of the tar baby embraced by the government in 2008 when it decided to save the banks in their current form rather than changing the system fundamentally. When A...
02/18/2013
Blog
If you want to appreciate just how conservative the fiscal conventional wisdom is, consider that hotbed of Bolshevism, the Federal Reserve. Yes, the central bank that progressives love to hate is today the most expansionist outfit in town. Although they are arguing about the details, both President...
02/18/2013
Blog
Mitt Romney’s complaint that nearly half of us are untaxed government dependents, poisoning the country with an “entitlement” mentality, is the strangest yet to emerge from the twisted moral universe of America’s most government-dependent class, the financial elite. As my...
09/20/2012
Blog
Measured as scintillating news, the recent image offensive by Fed Chairman Ben Bernanke and some of his minions falls a bit short. (See Bob Kuttner's post below about a key speech Bernanke made in New York last week, which I also attended) Nonetheless, it is important to the continuing struggle to...
04/17/2012
Blog
The Federal Reserve Board of Dallas released a report from its chief researcher, Harvey Rosenblum, which has caused quite a stir. The report cites Fed statistics showing that the five largest US banks hold a remarkable 52% of all bank assets:  U.S. Banking Concentration Increased Dramatically...
03/23/2012
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