Federal Reserve

Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months.  Growth in employment has been slow, and the unemployment rate remains elevated.  Household spending has advanced a bit more quickly, but growth in business fixed investment has slowed.  The

I’m a huge fan of Rick Santelli, as he seems to be the only honest reporter in all of main stream media. The guy gets it and doesn’t care whose feathers he ruffles in the process of stating his opinion.  What gets me is that no one seems to really care about the long-term implications,

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 to such arrogance. 

  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 been rising at a somewhat

  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 at a somewhat slower pace

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 in sales of motor vehicles

      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 Fed should take most seriously--as

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 topic, long-term economic growth, is

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, I thought I’d give you

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 spending has flattened out, investment