We have already seen Ben Bernanke testify to Congress today and the aim was to push back an immediate end to the bond buying and to even push back on ... Read Full Story »
Ben Bernanke and the Federal Open Market Committee are leaving the near-zero rate policy flat at 0.00% to 0.25% for Fed Funds. That was expected and is expected to remain ... Read Full Story »
The less things change, the more time everyone has to speculate about what might happen if things do change. As expected, the Federal Reserve’s FOMC today announced that it is ... Read Full Story »
Today was far from a normal Fed-day as the FOMC announcement followed a GDP release that was negative for the first time in 13 consecutive quarters. Some things are the ... Read Full Story »
In a speech today in Baltimore, Richmond Fed President Jeffrey Lacker said that he agrees with the view of most economists that U.S. inflation will be “a little less than ... Read Full Story »
Jeffrey M. Lacker, President of the Richmond Federal Reserve Bank, was speaking today to the Charlotte Chamber of Commerce's Annual Economic Outlook Conference. As many of you, Jeff Lacker is ... Read Full Story »
The Federal Reserve has been aiming all it can to keep the economy going. If you have been following Fed policy for years it is fairly amazing to watch. That ... Read Full Story »
It was expected that there would be no change in the interest rate policy from the Federal Open Market Committee today. In fact, it was not even all that expected ... Read Full Story »
This week is a critical week for Fed watchers. Ben Bernanke and members of the Federal Reserve will start a two-day FOMC meeting. The announcement of the language and Fed ... Read Full Story »
Following today’s announcement from the FOMC that the Federal Reserve will begin another round of easing, the central bank has made a number of changes to its economic forecasts. The ... Read Full Story »
The eurozone bailout approval and the coming announcement (or continued hint) of additional quantitative easing from the FOMC is not adding to the banks at the current time. We saw a ... Read Full Story »
Today's Federal Open Market Committee decision on interest rates was never really about rates. How could it be? The reality is that Ben Bernanke and friends at the FOMC have ... Read Full Story »
U.S. stocks are set to open higher on the final day of July. All three indexes are expected to post mild gains for the month. Futures on the Dow Jones ... Read Full Story »
Richmond Fed President Jeffrey Lacker issued a statement this morning defending his lone vote against the Fed’s extension of Operation Twist. Lacker said that more monetary stimulus would not make ... Read Full Story »
At this week’s meeting of the Federal Open Market Committee (FOMC), there is a reasonable chance that the Fed will at least drop a strong hint that more monetary help ... Read Full Story »