In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America’s financial markets Read More
In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America’s financial markets at the expense of the poor. More than a century later, it’s clear that was all a lie, and the Fed has helped create a permanent American underclass.
The Federal Reserve, the central banking system of the United States, recently concluded a meeting that has sent shockwaves through the financial markets. The outcome of this meeting has had
In early 2008 Ben Bernanke’s Federal Reserve downplayed at great cost the downside risks to the economy coming from the subprime loan crisis. Today, Jerome Powell’s Fed seems to be making a similar mistake by downplaying the downside risks to the economy from the commercial real estate crisis and the bursting of the Chinese housing and credit market bubble.
Santander’s UK boss has warned that high taxes are making Britain an unattractive place to invest, amid growing pressure on the Chancellor to cut the burden on households and businesses.
The Fed has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot.
The Federal Reserve says it doesn't expect interest rate cuts in the near
Markets are in the thick of a busy week for central banks with decisions from the US Federal Reserve and Bank of England still to come.
Bitcoin's price remained relatively steady on Wednesday after the U.S. Federal Reserve kept interest rates at their current level on Wednesday.
The Federal Open Market Committee did what the majority of analysts predicted and held the benchmark federal funds rate in the current range of between 5.25%...
Progressive lawmakers in the House and Senate urged the Federal Reserve on Monday to begin slashing interest rates in the near future, warning that the increasingly tight monetary conditions the central bank has imposed over the past two years risk imperiling strong post-pandemic job and wage growth.In a letter to Fed Chair Jerome Powell, Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) joined 19 House Democrats in calling for a "prompt timeline for future rate reductions," noting...
Unemployment claims fell last week. Despite relatively high interest rates, they're below pre-pandemic levels and near historic lows.
Bitcoin hasn't made big moves since the U.S. Federal Reserve announced its decision to keep interest rates still. It's down by 12% this week, though.