Keyword: fedisnottheproblem

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  • Ex-Fed official: 'I'm sorry for QE'

    11/13/2013 5:58:23 AM PST · by sr4402 · 9 replies
    Fast Money ^ | Tuesday, 12 Nov 2013 | 6:45 PM ET | Bruno J. Navarro
    "I can only say: I'm sorry, America," he wrote. "The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
  • House passes Ron Paulís Ďaudit the Fedí bill

    07/25/2012 1:01:02 PM PDT · by Beave Meister · 49 replies
    The Washington Times ^ | 7/25/2012 | Stephen Dinan
    <p>In a move that serves as a capstone to Rep. Ron Paulís colorful career, the House on Wednesday approved a bill that would let Congressís chief investigators conduct a full audit of the Federal Reserveís shrouded decision-making process.</p> <p>The overwhelming 327-98 vote sends the bill to the Senate where Majority Leader Harry Reid, Nevada Democrat, has previously expressed support for an audit ó though itís unclear heíll carve out time for the legislation this year.</p>
  • Democrats warn Rep. Paul's 'audit the Fed' bill will politicize monetary policy

    07/24/2012 4:29:25 PM PDT · by markomalley · 36 replies
    The Hill ^ | 07/24/12 | Pete Kasperowicz
    Several senior House Democrats warned that passing a bill from Rep. Ron Paul (R-Texas) requiring a full audit of the Federal Reserve Board's monetary policy decisions will allow Congress greater leverage to put political pressure on these decisions, which they said would cause serious problems in the U.S. and global financial markets. The Federal Reserve Transparency Act, H.R. 459, was expected to come up for a vote Wednesday, and seemed poised for passage given its 270 co-sponsors, including nearly four dozen Democrats. Nonetheless, many Democrats used the Tuesday floor debate to warn about the chances that Congress might use the...