All Posts Tagged With: "Federal Reserve"

There are two major priorities the Federal Reserve is facing, and how they enact deal with them will have a lot of impact on business and consumers. Goldman Sachs (NYSE:GS) has the view that the Fed will increase interest rates rather than unload assets off its balance sheet. This is contrary to most economists, who [...]

Though many major banks, such as Bank of America (NYSE: BAC) and Citigroup (NYSE: C) continue to report double-digit credit card default rates, Americans have also continued to cut down total credit levels. The Federal Reserve announced Friday that U.S. consumer credit dropped $17.5 billion in November, marking the largest monthly drop on record. Just [...]

In yet another example of community banks gaining traction over the influence of the U.S. financial system, the Independent Community Bankers of America (ICBA) announced last week that the Federal Reserve selected to more of its members to serve on its Consumer Advisory Council. The Fed’s advisory council helps the central bank decide how to [...]

The Federal Reserve announced Monday that it is considering the use of a term-deposit program that would motivate financial institutions to park excess reserves at the central bank.  The move is being considered as the Fed ponders how to reign in hundreds of billions in excess reserves that have been pumped into the system over [...]

After much consideration, TIME Magazine announced that Federal Reserve Chairman Ben Bernanke has been names its 2009 Person of the Year.  According to TIME managing editor Richard Stengel, Bernanke edged out General Stanley McChyrstal, who heads up the U.S. troops in Afghanistan. While appearing on the TODAY show Wednesday morning, Stengel said Bernanke received the [...]

Washington has been so out of touch with principles and reality for so long, that they probably think voting for the bill initiated by Ron Paul to edit the Federal Reserve would be political feather in the cap of Ron Paul. But it looks like that isn’t going to be so, as it wasn’t allowed [...]

Ben Bernanke is looking more anemic and pathetic every day that goes by, as now the disastrous Chairman of the Federal Reserve, in an attempt to shore up his position at the Federal Reserve, and the Federal Reserve itself, is using Gordon Brown as a scapegoat in an attempt to make it look like his [...]

Didn’t he say it that way? Actually, yes he did, just using different words. In a Bloomberg Radio interview, Mishkin stated: “It is remarkable the kind of attacks that are occurring on Fed independence.” Think of that in terms of the economic crisis we’re in. It makes you feel good that the Federal Reserve was [...]

The Federal Reserve released data on Friday that showed a $2.4 billion decrease in its total liabilities for the week prior.  However, America’s central bank still has a balance sheet showing liabilities in excess of $2 trillion as it continues to buy mortgage debt to provide support to the credit market. For the week ended [...]

The Federal Reserve released the minutes from its last Federal Open Market Committee meeting held on September 22.  Comments leaned toward an improving economy with improving retail sales and stabilizing unemployment. The report listed details of the Fed’s exit plans for the Term Auction Facility (TAF) program and Term Securities Lending facility (TSLF). The Federal [...]