The Federal Reserve has painted itself into a corner with its fight against inflation, and some experts say it now has no coherent plan for how to get out of it. Having kept interest rates near zero for more than a decade and expanded its balance sheet to $9 trillion to stimulate the economy, the…
The Fed’s Dilemma: Fight Inflation or Save Failing Banks
March 25, 2023
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Fed Chair Offers Guidance
Commentary Federal Reserve (Fed) Chairman Jerome Powell spoke frankly on Nov. 30. His thoughtful and balanced talk made clear that the Fed sees the inflation fight as its priority. He explained the uncertain timing between Fed action and its impact on inflation but made clear that further interest rate increases are integral to the effort. Unlike…
Inflation Has Peaked, No Relief In Sight
Commentary The latest released U.S. inflation rate showed that overall inflation eased a tiny bit from 8.3 percent to 8.2 percent, while core inflation (excluding food and energy) edged up from 6.3 percent to 6.6 percent. The divergence between overall and core inflation began in May and has persisted until now, as both have been showing flat…
The Fed Fears Recession Not Inflation, Its Supposed Enemy
Commentary “A million workers working for nothing. You better give them what they really own,” sang John Lennon in “Power To the People.” With a level of inflation not seen in 40 years ravaging workers’ wages today, they resent being robbed of the money they earn. That’s why in a free country that understands and…
Fed Under Attack by CCP Foreign Ops; 6 Million Barrels of Strategic Reserve Oil Sold to China
July 28, 2022
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China is attacking the United States on all fronts. This week, warnings come about the threat from China in agriculture, while top Republicans sound the alarm on China’s infiltration into the Federal Reserve—and not to mention the role TikTok plays in spying on Americans. We discuss how China has been attacking us. Plus, I speak…
Fed’s Powell Says Economic Outlook ‘Highly Uncertain,’ Pins Hopes on Vaccine
WASHINGTON—Federal Reserve Chair Jerome Powell said on Feb. 23 the ongoing COVID-19 vaccinations could help speed a return to normal activities later this year, but also warned that the U.S. economic recovery from the pandemic still “remains unequal and far from complete.” Speaking to the Senate Banking Committee, Powell offered a more optimistic view about…
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