In an interesting move this week and true to the Fed plan to raise rates three times this year, Fed Chair Janet Yellen raised interest rates .25%. It's worth it to note that at the same time, the Feds downgraded the forecast for inflation: The central bank now believes inflation … [Read more...] about Yellen Raises A Quarter
Here's another perspective on the Fed, detailing the divide between Yellen and those who want to continue to play it safe, and other members who want to raise rates: "Fed Chair Janet Yellen's interest in running a "high-pressure economy" threatens to add to an increasingly … [Read more...] about Indecision at the Fed: Another Look
A couple of days ago, I wrote about my theory that as long as the interest rates stay low, the stock market will remain high -- because no one has any other place for investment. The rates have stay historically low for nearly a decade now, so investors have seen little-to-no … [Read more...] about No New Rate Hike
Recently, Gene Epstein of Barron's made a fascinating observation about Paul Krugman, the New York Times' darling of economics. On December 18th in the NYTimes, Krugman wrote about the film, "The Big Short", which was about the "housing bubbles and retold lies." In his article, … [Read more...] about Epstein: Will the Real Paul Krugman Show Up?
Congress is slated to take up the Fed Oversight Reform and Modernization Act (FORM Act) this week. The FORM Act. It includes four key policy changes. A summary from the Daily Signal: 1) Require the Federal Reserve to Operate Under a Rules-Based Framework. Throughout its … [Read more...] about The FORM Act, the Fed, and Monetary Policy