Commentary The existence of the Federal Reserve is a serious national problem. It’s funding uncontrolled debt expansion. It enables the global military empire and war. It tempts every politician and bureaucrat to believe that there are no limits. It creates the illusion that anything else is possible for both government and the big corporate empires…
Money-Supply Slump Spells Private-Sector Recession
Commentary Allow me to explain why we have not seen a recession yet, despite the collapse in base money supply. We are witnessing the stealth nationalization of the economy. What does this mean? The entire burden of the monetary collapse and rate hikes is falling on the shoulders of families and small businesses, while large…
Bank Regulators Want New Powers to See What Many Say Should Have Been Obvious
In the wake of the failure of several regional banks, lawmakers are furiously at work drafting new bills to give regulatory authorities more control over banks. But some experts say that bank regulators already had all the power they needed, but failed to use it effectively. “Every time we have a crisis on our hands,…
Fed’s Powell Warns US Budget on ‘Unsustainable Path’ in Senate Testimony
The U.S. budget is on an unsustainable path, and it is crucial for policymakers to deal with it sooner rather than later, Federal Reserve Chair Jerome Powell told Senate lawmakers. Powell appeared before the Senate Banking Committee for his semi-annual monetary policy report, and several Republican senators pressed the Fed Chair on the federal budget…
Fed’s Powell Warns US Budget on ‘Unsustainable Path’
The U.S. budget is on an unsustainable path, and it is crucial for policymakers to deal with it sooner rather than later, Federal Reserve Chair Jerome Powell told Senate lawmakers. Powell appeared before the Senate Banking Committee for his semi-annual monetary policy report, and several Republican senators pressed the Fed Chair on the federal budget…
Even Two More Rate Hikes Might Not Be the End
From the latest dot plot released by the Federal Reserve, the mode value of funds rate implies two more hikes of a quarter percent by yearend. However, careful examination shows there are more dots below the mode than above. Taking into account the dovish tone by chairman Powell, the market does not believe this and…
Recent Bank Failures Show More Oversight of Midsize Lenders Needed, Fed’s Powell Says
The collapse of Silicon Valley Bank and Signature Bank in March shows that more oversight of midsize lenders is needed, Federal Reserve Chair Jerome Powell told lawmakers in his semi-annual testimony. While banking stress occurred in the fallout of the SVB and Signature failures, the Fed Chair reiterated that “the U.S. banking system is sound…
More Interest-Rate Hikes Are to Come as Inflation Pressure Still ‘Runs High’: Fed Chair Powell
Federal Reserve chairman Jerome Powell on Wednesday affirmed that more interest-rate hikes are on the way as inflation in the United States is still too high above the central bank’s target of 2 percent. “Nearly all” participants in the policy-making Federal Open Market Committee (FOMC) “expect that it will be appropriate to raise interest rates…
LIVE NOW: Reforming America’s Ailing Money Regime: A Hudson Institute Event
In a conversation held by The Hudson Institute at 3:00 p.m. ET on June 19, Brendan Brown, a non-resident senior fellow at Hudson Institute; Alex J. Pollock, senior fellow of Mises Institute; and Harold Furchtgott-Roth, former commissioner of the Federal Communications Commission and a senior fellow at the Hudson Institute; discuss the Biden administration’s monetary…
Reforming America’s Ailing Money Regime: A Hudson Institute Event
In a conversation held by The Hudson Institute at 3:00 p.m. ET on June 19, Brendan Brown, a non-resident senior fellow at Hudson Institute; Alex J. Pollock, senior fellow of Mises Institute; and Harold Furchtgott-Roth, former commissioner of the Federal Communications Commission and a senior fellow at the Hudson Institute; discuss the Biden administration’s monetary…
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