Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $82,411
93%  
Woo hoo! And now less than $5.6k to go!! Let's get 'er done.

Keyword: federalreserve

Brevity: Headers | « Text »
  • Ex-Federal Reserve Official Bill Dudley Calls on Fed to Manipulate Economy to Stymie Trump’s Reele

    08/27/2019 10:58:57 PM PDT · by bitt · 20 replies
    GATEWAY PUNDIT ^ | 8/27/2019 | Kristinn Taylor
    Former New York Fed President Bill Dudley on Tuesday called on the Federal Reserve to manipulate the economy to stymie President Trump’s reelection. Dudley made the plea in an op-ed published by Bloomberg News. Dudley argued that Trump’s effort to reset trade with China is hurting the economy and that the Fed should enact policies that hinder Trump and hurt his reelection chances. President Trump has been fighting the Fed over rising interest rates and a too rapid pullback on quantitative easing that stifled the nascent economic boom stemming from Trump’s economic policies and tax cuts. The Fed has since...
  • [Former Fed Reserve Member] Dudley encourages the Fed to help sway the 2020 election against Trump

    08/27/2019 9:41:45 AM PDT · by rumrunner · 17 replies
    CNBC ^ | 08/27/2019 | Jeff Cox
    Dudley went so far as to suggest the Fed could — and should — try to influence the next election against Trump. “After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives,” he wrote.
  • Beware of Rate-cut Fever

    08/17/2019 7:50:23 AM PDT · by Kaslin · 30 replies
    American thinker.com ^ | August | William J. Dodwell
    Much has been written about the need for the Federal Reserve to lower interest rates, even beyond the July cut, the first one in eleven years. Indeed, the latest escalation of trade tensions with China and its concomitant currency depreciation might make further cuts more compelling. Or not. The principal purpose of a rate cut is to provide liquidity to foster greater consumption and business investment that stimulate economic growth in the face of sustained opposition forces. But rate cuts without sufficient justification, such as those based on transitory developments, reaction to presidential jawboning, miming other central banks, or inadequate...
  • Signs of recession worry Trump ahead of 2020 [pfft]

    08/17/2019 5:16:16 AM PDT · by Olog-hai · 48 replies
    Associated Press ^ | August 17, 2019 | Josh Boak and Jonathan Lemire
    President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation’s strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won’t look so good come Election Day. The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. That’s on top of concerns over Trump’s plans to impose punishing tariffs on goods from China and word from the United Kingdom and Germany that their economies are...
  • Recycling Is BIG At the NYT - “(fill-in-the-blank), Women and Minorities Hardest Hit.”

    08/13/2019 4:55:03 AM PDT · by NOBO2012 · 1 replies
    MOTUS A.D. ^ | 8-13-19 | MOTUS
    August is perhaps the most dangerous month. It ushers in the dog days of summer when, as we first learned from Barack Hussein Obama, “everyone in Washington gets all 'wee-weed' up.” I’m still not completely certain what that means. We Weed Up!But I do know that if it’s August it’s going to be hot. And sure enough, the New York Times is all over this perennial story - Summer in the City Is Hot, but Some Neighborhoods Suffer More. I love the NYT writers, they are so committed to saving the planet they even recycle headlines. And hands down this...
  • As usual, Powell (Federal Reserve) let us down [Trump Tweet]

    07/31/2019 1:54:16 PM PDT · by Moonman62 · 47 replies
    Twitter ^ | 07/31/19 | President Trump
    What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world ... As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place - no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!
  • The Fed cut rates for the first time since 2008

    07/31/2019 12:23:04 PM PDT · by Innovative · 52 replies
    CNN ^ | July 31, 2019 | Donna Borak
    The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to "act as appropriate" to sustain the country's longest economic expansion in history. Interest rates, which affect the cost of borrowing for credit cards and mortgages, are now set to hover between 2% and 2.25%. The rate cut follows months of pressure from President Donald Trump, who...
  • Why The Fed Is Right To Inject The Economy With More Dollars

    07/30/2019 8:23:38 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | July 30, 2019 | Stephen Moore
    Suddenly, nearly everyone wants the Federal Reserve Board to cut interest rates. I've been arguing for this for nine months, so it's nice to see the economic intelligentsia is finally persuaded. The Fed has become a restraint on growth since last August thanks to ill-advised interest rate increases (and promises to raise rates more in 2019), which slowly squeezed out of the economy dollar liquidity and tanked the stock market. Fed Chairman Jerome Powell is finally signaling a rate cut by 0.25 of a percentage point next week. This almost certainly will be accompanied by a reduction in the interest...
  • Trump's economy is on fire, but Democrats aren't so hot (and that's why he'll win in 2020)

    07/28/2019 3:46:02 PM PDT · by 2ndDivisionVet · 5 replies
    Fox News ^ | July 28, 2019 | Dan Backer
    The U.S. economy is roaring. More voters rate the economy positively today than have since 2001. According to spending data from June, Americans spent more at restaurants and retail locations than expected, while U.S. manufacturing output continues to rise. As Federal Reserve Vice Chair Richard Clarida recently put it, "The U.S. economy is in a good, good place. We have a solid growth rate. We have a strong labor market. Inflation is stable." He’s right. Economic growth has been north of 3 percent during much of Trump’s presidency. Employers are creating jobs, employees are happy with raises, bonuses, and newfound...
  • Fed Chairman Jerome Powell’s Approach to Interest-Rate Policy Wins Bipartisan Backing

    07/09/2019 4:42:10 AM PDT · by reaganaut1 · 35 replies
    Wall Street Journal ^ | July 9, 2019 | Nick Timiraos
    President Trump’s relentless public criticism of the man he picked to run the Federal Reserve, Jerome Powell, isn’t broadly shared by lawmakers who confirmed the central bank leader to his post last year. The Fed chairman heads to Capitol Hill for two days of testimony beginning Wednesday, and lawmakers on both sides of the aisle have mostly commended the job he is doing. In interviews, they declined to endorse Mr. Trump’s call for the Fed to cut interest rates and said they would oppose efforts by the president to remove Mr. Powell from office. Mr. Trump is angry Mr. Powell...
  • How to do infrastructure right

    07/07/2019 6:32:19 PM PDT · by Tolerance Sucks Rocks · 14 replies
    The Washington Examiner ^ | June 06, 019 | Nicole Gelinas
    In late April, President Trump and Democratic congressional leaders finally found something they agreed on: infrastructure. Outside the White House after a meeting with the president, House Speaker Nancy Pelosi, the California Democrat, issued the pronouncement, “Big and bold.” Senate Minority Leader Chuck Schumer, the Democrat from New York, echoed the takeaway: “We agreed on a number, which was very, very good, $2 trillion.” Trump himself has been publicly quiet but didn’t dispute that he told the Democrats he “like[s] the number.” By May, this renewed spirit of cooperation had fallen apart, at least temporarily, with a second meeting collapsing...
  • Trump hits Federal Reserve As The 'Most Difficult Problem' Facing US

    07/06/2019 9:41:42 AM PDT · by Enlightened1 · 23 replies
    The Hill ^ | 07/06/19 | Jessica Campisi
    President Trump took aim at the Federal Reserve on Saturday, labeling it the “most difficult problem” the U.S. faces and again criticizing the independent central bank for raising interest rates. “Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn’t have a clue!” Trump tweeted late Friday night. “They raised rates too soon, too often, & tightened, while others did just the opposite.” “As well as we are doing from the day after the great Election, when the Market shot right up, it...
  • Info On Judy Shelton, Federal Reserve Nominee

    07/04/2019 8:21:57 AM PDT · by Moonman62 · 7 replies
    Twitter ^ | 7/4/19 | Judy Shelton
    *** Steve Forbes: Great news that @realDonaldTrump plans to nominate the brilliant @judyshel to Federal Reserve Board. She will ask hard questions. She is stout foe of nonsense idea that prosperity causes inflation. *** Judy Shelton: I will indeed, Steve. You’re an inspiration. Productive economic growth, which leads to higher levels of output, justifies wage gains. It is not inflationary @SteveForbesCEO https://twitter.com/judyshel/status/1146540713645154305 _______________________________________________________________________________ *** Stephen Moore: Judy Shelton is a champion of sound money and a stable currency. She understands growth does not cause inflation, and is a great choice for the Fed. https://twitter.com/StephenMoore/status/1146403319306424320 _______________________________________________________________________________ *** Judy Shelton: Artificially suppressed/elevated...
  • Bitcoin not built to last, despite recent surge

    07/01/2019 9:28:19 AM PDT · by SeekAndFind · 47 replies
    New York Post ^ | 07/01/2019 | Jonathan Trugman
    Last week we saw bitcoin, the great hope of cryptocurrency, skyrocket to over $13,000. It was in the vicinity of $3,200 as recently as December. Why? Maybe it was Facebook’s new venture into creating its own digital currency, Libra — although, if that were to be successful, how it would offer any type of validation of bitcoin is beyond me, and a whole lot of smart people on Wall Street. In fact, it might spell the beginning of the end for bitcoin. There are almost no major Wall Street investors of substance with meaningful track records who have invested in...
  • Trump Suggests He Could Consider Demoting Fed Chairman

    06/19/2019 7:53:58 AM PDT · by reaganaut1 · 20 replies
    Wall Street Journal ^ | June 18, 2019 | Paul Kiernan
    WASHINGTON—President Trump ratcheted up pressure on the Federal Reserve ahead of a major interest-rate decision, suggesting Tuesday he could consider demoting its chairman depending on the outcome. “Let’s see what he does,” Mr. Trump said Tuesday when asked by a reporter if he wanted to demote Fed Chairman Jerome Powell, whom he nominated to the position in 2017. Bloomberg News reported earlier Tuesday that, in February, the White House Counsel’s Office weighed the legality of stripping Mr. Powell of his chairmanship but leaving him on the Fed’s board of governors. Prior to Mr. Trump’s remarks, the president’s top economic adviser,...
  • ‘Not My People’—Trump Hectoring of Fed Chairman Complicates Rate Calls

    06/11/2019 2:36:57 AM PDT · by reaganaut1 · 41 replies
    Wall Street Journal ^ | June 10, 2019 | Nick Timiraos
    ... Mr. Trump called in to a CNBC news program on Monday morning and complained about policy under Mr. Powell, who goes by Jay. “They made a big mistake. They raised interest rates far too fast,” Mr. Trump said. “It’s more than just Jay Powell. We have people on the Fed that really weren’t—you know, they’re not my people.” Mr. Trump’s hectoring of the Fed—over and over through the past year, in tweets, interviews and extemporaneous remarks—has persuaded some investors that the Fed’s decision to shelve plans to raise rates this year came in response to the White House. Investors...
  • IRS redux? Feds snub top-performing ‘Freedom’ credit union, but bend the rules for Big Labor

    06/01/2019 9:33:15 AM PDT · by Twotone · 4 replies
    Idaho Freedom Foundation ^ | June 1, 2019 | Wayne Hoffman
    Federal regulators need to explain why they’ve granted a perpetually-floundering California credit union that serves organized labor permission to raise money from investors—especially considering those regulators haven’t given the same green light to a strong and growing credit union that serves rural Idahoans. Credit unions are member-owned nonprofits and generally can use only retained earnings for expansion plans. If a credit union wants to grow using secondary capital from investors, it must first seek permission from the National Credit Union Administration (NCUA), which is supposed to evaluate the credit union’s stability and financial position before giving the green light. A...
  • Trump blames Fed once again for hurting economic growth

    05/28/2019 7:35:18 AM PDT · by Moonman62 · 27 replies
    Fox Business ^ | 5/25/19 | Megan Henney
    While speaking at a meeting of Japanese business leaders in Tokyo, Trump said the stock market would be anywhere between 7,000 to 10,000 points higher if the U.S. central bank had chosen to keep interest rates steady. He also suggested that the growth rate in the U.S. would have exceeded 3 percent. "But they wanted to raise interest rates," he said. "You’ll explain that to me." Trump, despite hand-picking Chairman Jerome Powell more than a year ago, has been a frequent critic of the Fed, often urging policymakers to cut interest rates from the current target range of 2.25 percent...
  • Alice Rivlin, former Fed vice-chair, dies at 88

    05/15/2019 3:40:11 AM PDT · by Jaysin · 6 replies
    Financial Times ^ | 5-15-2019 | Sam Fleming
    Alice Rivlin, a leading expert on US budget policy who served as the first director of the Congressional Budget Office, has died at the age of 88. The economist, who in the 1990s became the first woman to be White House budget director and vice-chair of the Federal Reserve Board, died of cancer on Tuesday morning in Washington DC, according to the Brookings Institution think-tank, where she was a senior fellow.  Rivlin “made great and lasting contributions as a leader and economic policymaker and broke barriers as a woman in the economics profession,” Fed chair Jay Powell said in a...
  • Ocasio-Cortez Calls for Socialist, Government-Controlled Banking System

    05/10/2019 1:06:58 PM PDT · by Steve1999 · 37 replies
    NN ^ | 10-05-19 | Jay Greenberg
    Famous Democrat Rep. Alexandria Ocasio-Cortez (D-NY) is calling a new government-controlled socialist banking system in the United States.Twitter celebrity AOC suggested that the failing US Postal Service could be used as a model for her govt-run bank idea.