federal reserve, fomc statement, ben bernanke, alan greenspan, timothy geitner, tuesday 2:15, wednesday 2:15
Needless to say it looks like Bernanke is doing everything in his power to repeat history under the assumption that the US economy can't go down because of unfettered/unchecked centralized planning. He believed the banks were too big to fail, and apparently the United States is too. History isn't kind [...]
Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year. Growth in employment has been slow in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending has [...]
Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending appears to be rising [...]
Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow. Recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has been increasing at only a modest pace in recent months despite some recovery [...]
Ben Bernanke, IRONy MANFrom Speech before the National Economists Club, November 21, 2002http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm First, the Fed should try to preserve a buffer zone for the inflation rate, that is, during normal times it should not try to push inflation down all the way to zero. Second, the [...]
Chairman Ben S. Bernanke At the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming August 26, 2011 The Near- and Longer-Term Prospects for the U.S. Economy Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year’s [...]
So the Buffett donation to Bank of America (BAC) was quite an act, especially the deal that Uncle Warren got in doing so. But that really doesn’t carry much weight in comparison to the anticipation of the Jackson Hole Speech tomorrow from our other vocal Uncle Benny. In the mean time, [...]
For immediate release Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up. Household [...]
So, listening to The History of Rome podcast, the speaker has mentioned several interesting parallels to current events. Such as when one of the early Emperors needed money, so he instituted something called “prescription”, where wealthy Romans were forced to Will all of their property and wealth to the government, [...]
Information received since the Federal Open Market Committee met in January suggests that the economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually. Household spending and business investment in equipment and software continue to expand. However, investment in nonresidential structures [...]
Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions. Growth in household spending picked up late last year, but remains constrained by high [...]
Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment. Household spending is increasing at a moderate pace, but remains constrained by high unemployment, modest income growth, lower housing wealth, [...]
