June 30, 2022

The First Fed Chair Fought for Independence, but Failed

Commentary The independence of the central bank has been increasing over the past decade or so. Central banks are regarded as panacea in the face of adverse shocks. Janet Yellen was threatened to be fired by Donald Trump, and Jay Powell was thought to be under political pressure to not withdraw liquidity early, thus leading […]

Fed raises interest rates, Capitol riot hearings continue & more top stories | LiveNOW from FOX

Fed likely to hike interest rates again, Senate meets on gun violence & more news | LiveNOW from FOX

Behind Russia-Ukraine, a ‘Total War’ Is Being Waged Against the US and Allies | The Wide Angle

A “snake in the grass” is a deadly encroaching danger that can’t always be seen. Recently, President Joe Biden visited Belgium and Poland to signal support to NATO members on Ukraine’s doorstep. In speaking to U.S. troops in Poland, Biden seemed to “let slip” the expectation that U.S. forces will, at some point, be fighting…

Bidenflation: Fed Study Blames Huge Spending Bills for High U.S. Inflation

Who is to blame for high inflation? A paper from the San Francisco Fed pins much of the blame on the Biden administration’s big spending. “Fiscal support measures designed to counteract the severity of the pandemic’s economic effect may have contributed to this divergence by raising inflation about 3 percentage points by the end of…

Bidenflation: Expected Prices Hikes Hit Record High in Dallas Fed Survey

Inflationary pressures in Texas ratcheted up even further in March, a survey released Monday by the Federal Reserve Bank of Dallas showed. The prices paid for raw materials index of the Dallas Fed’s monthly survey of manufacturers rose six-tenth of a point to 74, with 77.7 percent of respondents reporting that prices rose for the…

U.S. Economy Slowed in February, Chicago Fed Says

U.S. economic activity expanded at a slower rate in February and January’s expansion was slower than reported earlier, data from the Federal Reserve Bank of Chicago showed Monday. The Chicago Fed National Activity Index fell to 0.51 in February and January’s reading was revised down to 0.59 from the prior reading of 0.69. The Chicago…

Wall Street Surges on Ukraine Peace Talks, Fed on Tap

Wall Street’s main indexes jumped on Wednesday, led by gains in technology and financial stocks, as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve. Ten of the 11 major S&P sectors rose in early trading, with financials up 2.1 percent. Morgan Stanley…

Bostic: Fed Needs to Act ‘Soon’ to Be Sure Inflation Expectations Stay Controlled

WASHINGTON—U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raphael Bostic said on Tuesday. “The mostly pandemic-induced episodic price pressures could grind on long enough to fundamentally alter expectations,” and drive actual inflation higher…

Biden’s Fed Nominee Lisa Cook Criticized For Being Unqualified, Embellishing Resume

On Jan. 13, President Joe Biden nominated economists Philip Jefferson and Lisa Cook for the two empty seats on the Federal Reserve’s Board of Governors. Sarah Bloom Raskin, a law professor at Duke University, was nominated to be vice-chair of Supervision. Cook is facing scrutiny as critics say she is not qualified for the job,…

New York Fed Survey Shows Manufacturing Growth Abruptly Stalled

The growth of the manufacturing sector in New York state abruptly and unexpectedly stalled in the first weeks of 2src21, a survey from the Federal Reserve Bank of New York showed Tuesday. After eighteen months of positive readings indicating growth, the general business conditions of the New York Fed’s Empire State Manufacturing Survey fell a…

Mohamed El-Erian: ‘The Fed Is Losing Credibility’ over Inflation Narrative

Allianz chief economic adviser Mohamed El-Erian on Monday warned of the “implications” of the Federal Reserve’s stance that inflation is transitory. While speaking with CNBC’s Dan Murphy at the ADIPEC energy industry forum in Abu Dhabi, El-Erian pushed back against the notion that inflation was transitory, predicting it could have a “lasting impact.” “We are…

Fed raises interest rates again as unemployment nears record lows.

The Federal Reserve on Wednesday raised interest rates 0.25 points as the bank aims to prevent a tight labor market from driving inflation to unsustainable levels. The central bank raised the federal funds rate to a 1.75–2 percent target range, the second increase under Fed Chairman Jerome Powell. The Fed was widely expected to raise […]

Trump’s Fed Up With Mueller ‘Scam,’ Blasts FBI For Ignoring Hillary.

President Donald Trump railed against special counsel Robert Mueller’s ongoing investigation and the FBI for not investigating alleged crimes by his former opponent Hillary Clinton in a series of Sunday morning tweets. Things are really getting ridiculous. The Failing and Crooked (but not as Crooked as Hillary Clinton) @nytimes has done a long & boring […]

MERRY ECONOMY TO ONE AND ALL: New York Fed Nowcast Up To 4.0% Growth For Fourth Quarter.

There’s more good news on the economy under President Trump, and it comes from the Federal Reserve Bank of New York. On Friday, the Federal Reserve Bank of New York reported that the New York Fed Staff Nowcast stood at 4.0% for the fourth quarter of 2017, the highest level since the Nowcast was created […]

Entire Fed Dept. Resigns in Protest of Trump => #FakeNews Media Forgets to Mention It Was Created by Obama, Had Not Met This Year

The President’s Committee on the Arts and the Humanities made headlines last week when they very publicly resigned in mass protest over President Trump’s “racist” comments on the Charlottesville riots. President Trump correctly put blame on antifa terrorists who clashed with the neo-Nazi group on the ground. Far left comedian Kal Penn posted the committee’s […]

Fed: 19% of NY Firms Cutting Jobs Due to Obamacare

The Federal Reserve Bank of New York found that 17 percent of service sector firms and 21 percent of manufacturers are reducing the number of workers they employ due to Obamacare. The New York Federal Reserve produces the highly informative monthly “Empire State Manufacturing Survey/Business Leaders Survey.” But due to employer concerns about exploding health […]

FL Governor GOES OFF On Obama: “This Is Disgusting! I’m Fed Up With This… Destroy ISIS!” (VIDEO)

Florida Governor Rick Scott WENT OFF on Obama on Friday after the president came to the Sunshine State to politicize the Orlando massacre. Scott told America’s Newsroom, “I’m sick of this!” Bill Hemmer: Yesterday, the president came and said the fight against ISIS has been relentless. Do you believe that? Governor Rick Scott: It’s still […]

‘It Is Getting A Little Absurd’: Congress Fed Up With DOJ Hiding Information On Clinton Email Probe

Congress is fed up with the Department of Justice withholding information related to the Hillary Clinton email investigation. Senate Judicary Chairman Chuck Grassley blasted the DOJ for leaking more information to the media than they’ll provide to him in response to formal congressional inquiries. Grassley wants more information from the DOJ so he can consider […]