Federal Reserve - Page 13

“It may be time to at least think about thinking about tapering our $120 billion in monthly Treasury bond and mortgage-backed securities purchases,” Harker said.

Fed officials discussed planning to have future discussiont to plan shrinking its $120 billion monthly bond-buying program, minutes from the central bank’s April meeting show.

The Federal Reserve on Wednesday acknowledged recent progress in employment and economic growth while saying it would keep its interest rate target near zero.

On the eve of Earth Day, 45 members of the U.S. House of Representatives delivered a letter to Special Presidential Envoy for Climate Change John Kerry accusing him of “abuse of power” for leaning on banks and other financial institutions to deny funding for fossil fuel-related entities in the name of fighting climate change.

The Fed chair sounded a bit more upbeat about the progress of the economic recovery on Tuesday.

Federal Reserve Vice Chair Randal Quarles issued a stern warning to banks on Monday about the necessity to stop using Libor interest rate benchmarks.

Federal Reserve officials raised their expectations for economic growth, labor market recovery, and inflation this year, data released Wednesday showed.

The Federal Reserve’s systems for electronic money transfers suffered a widespread disruption Wednesday.

Federal Reserve Chair Jerome Powell emphasized the damage the economy has suffered due to the pandemic and stressed that there was still a long way to go to a full recovery.

The yield curve—the difference in yields for short-term and long-term debt—has sharpened dramatically in recent weeks as investors have sold off bonds maturing five-years or more into the future while shorter-term bonds have held steady.

In a speech in New York Wednesday, Fed chair Jerome Powell downplayed the risks of inflation and urged lawmakers to embrace higher spending to restore the labor market.

Her enormous speaking fees from Citadel raise questions about conflicts of interest.

Janet Yellen, the former chairwoman of the Federal Reserve who is now His Fraudulency Joe Biden’s Treasury Secretary, made millions off Wall Street “speaking fees” over the past two years. In some cases, she didn’t even have to show up to speak. Her appearance was “virtual.”

“We have not won this yet. We need to stay focused on it as a country and get there,” Fed chair Jerome Powell said

The struggle to maintain American sovereignty now has a new flashpoint: the Network for Greening the Financial System.

Republicans could not muster one vote against Yellen in the Senate Finance Committee.

Janet Yellen’s nomination marks a break with historical norms, even though few in Washington, D.C. seem to have noticed.

Trump was lambasted for criticizing the Fed. But as he leaves office, it’s clear Trump won his fight over monetary policy.

The Fed’s new projections indicate that the central bankers underestimated how quickly the economy would recover in the second half of this year.

Stocks and real estate pushed up the asset values of American households in the July through September period.

Yellen described the American dream as “a society where each person can rise to their potential and dream even bigger for their children.”

Joe Biden has purportedly settled on former Federal Reserve chairwoman Janet Yellen as his secretary of the treasury, according to the Wall Street Journal. 

A vote in the Senate fell short of winning enough support to move her nomination forward.

A better than expected rebound for U.S. factory output led industrial output higher in October.

Despite a record-high federal budget deficit and unprecedented levels of liquidity provided by the Federal Reserve, inflation is dead.

The Fed’s stance remains unchanged even stimulus talk died and layoffs remain extremely high.

Total federal debt held by the public rose 25 percent while Treasury yields fell 57 percent.

In reality, the economy is growing much faster than the top economists at the Fed thought was possible

Fed officials decided at the last meeting that the economy was considerably healthier than they thought it would be.

The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the

Back in June the Fed’s median forecast was for the economy to shrink 6.5 percent. Now it sees only a 3.7 percent contraction.

The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic.

The Fed’s intervention in financial markets has quickly gone beyond anything that happened in the financial crisis.

Fed officials project the economy will contract 6.5 pecent this year before returning to grow at the fastest pace since the 1980s next year.

Biden also falsely claimed the vast majority of emergency loans were going to big businesses.