All Articles on Federal Reserve

News
What Campaign Promises? Trump Backpedals on Yet More Major Pledges
President reversed or pivoted position on several big issues, including labeling China a currency manipulator
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The “People’s Fed” and the Oracles of Jackson Hole
When William Greider wrote his 1989 book about the Federal Reserve, it’s not hard to understand why he called it “ Secrets of the Temple .” The Fed’s proclamations can make it seem as mysterious as the Oracle of Delphi. (To be fair, nobody has speculated that hallucinogens are involved, as seems to...
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“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln
“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today.
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News
Five Big Banks Flunk Key Test, Proving They're Still "Too Big To Fail"
'The goal to end too big to fail and protect the American taxpayer by ending bailouts remains just that: only a goal,' says federal regulator
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How to Fight Poverty Through Full Employment
One of the most effective ways to combat poverty among current and future generations is to maintain a full employment economy. The point should be straightforward: when the labor market is strong, or “tight,” it offers increased employment opportunities for those at the bottom. Disadvantaged...
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The Economy in 2016: On the Edge of Recession
Economic forecasters exist to make astrologers look good, but I’ll hazard a guess. I expect the U.S. economy to sputter in 2016. That’s because the economy faces a deep structural problem: not enough demand for all the goods and services it’s capable of producing. American consumers account for...
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The Federal Reserve Board and the Presidential Candidates
Some of the folks watching the Republican presidential debates were struck by the fact that Donald Trump was apparently unfamiliar with the concept of the nuclear triad: that the United States maintains a nuclear force composed of land based missiles, submarine based missiles, and strategic bombers...
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News
Sanders: When I'm President, Wall Street Foxes Won't Guard Fed Henhouse
'Unfortunately, an institution that was created to serve all Americans has been hijacked by the very bankers it regulates.'
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News
Bernie Sanders Calls Fed Rate Hike Bad News for Working Families
Economists, warning of impact to low wage workers, said rate increase is a 'mistake'
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Fed Rate Hike Is the Wrong Move
The Fed's decision to raise interest rates today is an unfortunate move in the wrong direction. In setting interest rate policy the Fed must decide whether the economy is at risk of having too few or too many jobs, with the latter being determined by the extent to which its current rate of job...
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