Federal Reserve Decides Not to Hike Interest Rates
The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
Janet Yellen - Page 8
Gold Standard More Popular than Federal Reserve For Good Reason
At the Jackson Hole Economic Summit the American Principles Project demonstrated that the people can’t be fooled in the long term by monetary magic forever. In a national poll by McLaughlin & McLaughlin 1,000 respondents were asked if they would support the Gold Standard in the United States. 39% replied yes, 15% replied no, and 46% were undecided. That is more than a 2:1 ratio for favorability.
These results and the margin between approve and disapprove are better than recent polls on the Federal Reserve or its recent leaders as shown in recent Gallup polls over the last two years: Negative on the Fed and its leaders are very high, while negatives on Gold are very low.
Fed Chair Yellen Warns Tech Bubble 2.0 Could Pop
Federal Reserve Chairwoman Janet Yellen recently joined the rising chorus of economists and former Fed officials warning about the risks of irrational exuberance by bond and stock investors paying bubble-inflated prices. Conspicuously silent about the risks of stock investing over the last 6 years, Yellen’s comments quickly tanked the bond market. But with the NASDAQ tech-heavy index up 500% since the bottom of the last crash, Yellen seems to be warning this bubble could pop.
U.S. Wages Stagnant Under Obama
After six years of Obamanomics, Federal Reserve Chair Janet Yellen is still citing “stagnant wage growth as a sign of continued problems in the labor market,” and the immediate future isn’t looking much better.
