News — FED

The Dow has lost 2,245 points, or 8.4%, in 21 days (Morgan Stanley says it's just the beginning)

Posted by Retirement Insider on

Morgan Stanley has a pessimistic view, seeing yet more declines ahead. 

Read more →

Trump Says Fed ‘Has Gone Crazy’ Following Stock Market Bloodbath

Posted by Dirk Watters on

“I really disagree with what the FED is doing,” Trump said.

 

Read more →

Did The FED Rig The Financial Markets?

Posted by Dirk Watters on

For many decades, the Federal Reserve has rigged the bond market by its purchases of mortgage backed securities. And for about a century, central banks have set interest rates (mainly to stabilize their currency's exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines driven by fundamentals, and to push prices back up in keeping with a decade of money creation. No one should find this a...

Read more →

Will Obama Nominated Federal Reserve Appointee Be Similar To Janet Yellen?

Posted by Dirk Watters on

Economists think the former Obama appointed governor of the Federal Reserve Jerome Powell will have a similar monetary policy to Democrat Janet Yellen. In fact, they are banking on it. That is not an unreasonable view. Mr. Powell isn't even an economist with strongly held views and he's never deviated publicly from Ms. Yellen on interest rate and economic issues. For many publicly vocal economists, that points to continuity. A new paper says taking on the mantle of Federal Reserve can have unexpected effects on individuals. Political imperatives and institutional factors often overrun policy makers' long-held views, says Alexander Salter...

Read more →

Powell's Past Disqualifies Him From Leading The Fed

Posted by Dirk Watters on

Can a man with a checkered past be trusted to lead the Fed? Powell would be the first Fed Chairman in over 30 years without a degree in economics. His formal training is in law. Apparently, economists are not to be trusted. Newsflash: Neither are liberals, especially "moderate" ones. Who is Jerome Powell?  Powell may not be an economist, but he certainly knows his way around an investment bank! Before being picked by Obama in 2012 to be a Fed governor, he made a fortune with the Carlyle group, the world's largest private equity firm. These two facts pose big problems!...

Read more →