Keyword: janetyellen

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  • Did Federal Reserve engineer market crash to hurt Trump?

    09/14/2016 8:35:25 AM PDT · by Sean_Anthony · 27 replies
    Canada Free Press ^ | 09/14/16 | Marc Patrone
    Logic dictates Trump may have a point about the Fed making decisions based on political imperatives The current stock market downturn appears timed to help the Democrat Party by scaring investors into rejecting Donald Trump on the grounds he’d trigger a crash if the Republicans win the White House in November. The Dow Jones fell again Tuesday this time over 250 points due in part, to fears of a rate hike at the Fed policy meeting next week. These market jitters may well have been calculated for effect, and engineered by Federal Reserve Chair Janet Yellen in a bid to...
  • Donald Trump: This is why I'm for low interest rates

    05/05/2016 2:50:37 PM PDT · by RayofHope · 26 replies
    CNBC ^ | 0/05/2016 | Matthew J. Belvedere
    Donald Trump told CNBC on Thursday he's for low interest rates unless inflation perks up, and he would probably replace Janet Yellen when her term is up as Federal Reserve chair. "I have nothing against Janet Yellen whatsoever. I think she's been doing her job," the presumptive GOP presidential nominee said in a wide-ranging phone interview with "Squawk Box."
  • VFW Commander to Obama: Don't Insult Vets' Intelligence

    06/06/2016 2:05:23 PM PDT · by KeyLargo · 6 replies
    NewsMax ^ | June 3, 2016 | Jason Devaney
    VFW Commander to Obama: Don't Insult Vets' Intelligence By Jason Devaney | Friday, 03 Jun 2016 01:36 PM The Veterans of Foreign Wars organization is pushing back at President Barack Obama's assumption that the nation's veterans are easily swayed in their political opinions. "I don't know how many VFW Posts the president has ever visited, but our near 1.7 million members are a direct reflection of America," VFW National Commander John A. Biedrzycki Jr. said, reports Fox News. "We don't have confused politics, we don't need left- or right-wing media filters telling us how to think or vote, and we...
  • Is Janet Yellen in the hot seat after poor jobs report?

    06/07/2016 4:48:19 AM PDT · by expat_panama · 35 replies
    NY Post ^ | June 6, 2016 | John Crudele
    Federal Reserve Chair Janet Yellen made her usual bipolar remarks yesterday in a speech: Last week’s employment report was disappointing... ...Yellen... ...sounded like a politician and basically said nothing. I’m now going to tell you how Yellen’s comments will sound ... YELLEN: “Good afternoon everyone. FYI, this is a freakin’ OMG moment for us at the Fed. President Trump is bustin’ our cajones, and I’m pretty sure it’s because the Fed is being run by a dame. “The economy? I bet you want to know what the economy is doing. I could tell you this and tell you that. But...
  • Janet Yellen says Fed could raise rates in coming months

    05/27/2016 4:16:45 PM PDT · by Olog-hai · 33 replies
    Associated Press ^ | May 27, 2016 4:08 PM EDT
    Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. While economic growth was relatively weak at the end of last year and beginning of this year, it appears to be picking up now based on recent data, Yellen said during a discussion at Harvard University. She said she expects the Fed to “gradually and cautiously increase” its key interest rate “and probably in the coming months, such a move would be appropriate.” …
  • What Did Fed Chairman Yellen Tell Obama?

    04/19/2016 11:48:41 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | April 19, 2016 | Ron Paul
    Last week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one paragraph statement released by the White House following the meeting, Yellen, Obama, and Biden simply "exchanged notes" about the economy and the progress of financial reform. Because the meeting was held behind closed doors, the American people have no way of knowing what else the three might have discussed. Yellen's secret meeting at the White House followed an emergency secret Federal Reserve Board meeting. The Fed then held another secret meeting to discuss bank reform. These...
  • Federal Reserve Chair Yellen Grilled About Negative Interest Rates By Congress

    02/17/2016 9:41:33 AM PST · by SeekAndFind · 37 replies
    International Business Times ^ | 02/17/2016 | Owen Davis
    Federal Reserve Chairwoman Janet Yellen faced what may have seemed like an absurd line of questioning on Capitol Hill this week: Has the Fed considered negative interest rates? It's not a fantasy. At central banks around the world, negative benchmark interest rates have become the new normal, leading to some unusual paradoxes. In Denmark, instead of paying interest on their mortgages, many borrowers have been receiving payments from banks on their home loans. On the flip side, some Swiss bank customers have had to pay banks to keep cash in savings accounts. Yellen told Congress Thursday, following negative moves by central banks in Europe and elsewhere, the Fed has...
  • Here Is The Exchange That Left A Stunned Janet Yellen Looking Like A Deer In Headlights

    02/10/2016 7:51:19 PM PST · by Nachum · 23 replies
    zero hedge ^ | 2/1016 | tyler durden
    For nearly one year, Wisconsin Rep. Sean Duffy has been Janet Yellen's nemesis over the ongoing probe into Fed leakage of material inside information via Medley Global and any other undisclosed channels, one which has seen subpoeans be lobbed at the Fed which has been doing everything in its power to stall said probe, and which cost Pedro da Costa his job when he dared to ask questions at a Fed presser that were not precleared by his WSJ "Fed mouthpiece" peers. Today, during Yellen's appearance before the House Financial Services committee, Duffy finally had enough, and in a heated...
  • Federal Reserve vulnerable to hackers: Inspector general

    12/23/2015 8:26:52 PM PST · by Citizen Zed · 3 replies
    cnbc ^ | 12-23-2015 | Eamon Javers
    The inspector general for the Federal Reserve is warning that a key database at the central bank needs more cybersecurity protections, according to a summary report. Compiled in the wake of a security control review of the board's Statistics and Reserves system, known as STAR, the report finds that overall, "the Division of Monetary Affairs and the Division of Information Technology have taken several steps to implement information security controls." But the inspector general staff warned that there are several cybersecurity deficiencies in the system. "We found that improvements are needed in the Board's security governance of STAR to ensure...
  • Janet Yellen sets jobs report floor at ... 100K?

    12/04/2015 8:18:08 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 12/04/2015 | Taylor Millard
    Federal Reserve Chair Janet Yellen made an interesting comment yesterday on today’s jobs report, suggesting the economy just needs to add around 100K jobs a month to be okay. Via Reuters: “To simply provide jobs for those who are newly entering the labor force probably requires under 100,000 jobs per month,” with anything above that helping “absorb” those who are unemployed, discouraged or had dropped out of the labor market, Yellen, who was speaking before Congress’ Joint Economic Committee, said in a question and answer session. That 100K number is much, much lower than the current 200K monthly average...
  • Paul Ryan: New House Speaker, Same Old GOP Favors for Wall Street

    11/08/2015 8:53:30 AM PST · by Lorianne · 6 replies
    Fiscal Times ^ | 06 November 2015 | David Dayen
    It seems bizarre that financial policy would get decided in a bill to repair roads and bridges and mass transit, but that’s the whole point of the Christmas tree strategy: If a bill is deemed “must pass,” then adding ornaments to it comprises a good strategy for getting things into law that otherwise might not receive a vote. Ryan touted this process as a positive example of new leadership. In recent years, House bills written in secret sped to the floor without the ability for alterations. But on the highway bill, over 80 amendments got a vote on the House...
  • Fed’s Yellen sees possible December rate rise, gradual hiking path

    11/05/2015 6:52:02 AM PST · by Olog-hai · 6 replies
    Reuters ^ | Wed Nov 4, 2015 8:50pm EST | Howard Schneider and Jason Lange
    Federal Reserve Chair Janet Yellen on Wednesday pointed to a possible December interest rate "liftoff" but said rates would rise only slowly from then on to nurture the U.S. economic recovery. [...] Her remarks pushed bond yields higher and stocks lower. They also caused investors to reset their expectations of a December rate hike above 60 percent, a sign that markets are finally taking the Fed's language seriously after a period in which U.S. central bankers were frustrated by the gap between their own outlook and market bets about their likely course of action. ...
  • Janet Yellen Says Negative Rates On The Table "If Outlook Worsened"

    11/04/2015 9:50:16 AM PST · by SeekAndFind · 65 replies
    Zero Hedge ^ | 11/04/2015 | Tyler Durden
    As the market now diligently calculates the suddenly surging odds of a December rate hike, here's Yellen with a preview of what will happen once the rate hike cycle is aborted... YELLEN SAYS IF OUTLOOK WORSENED FED MIGHT WEIGH NEGATIVE RATESYELLEN SAYS NEGATIVE RATES COULD HELP ENCOURAGE BANKS TO LEND ... just as it was aborted in Japan in August of 2000 when the BOJ also decided to send a signal how much stronger the economy is by hiking 25 bps, only to cut 7 months later and to proceed to monetize not only all net Japanese debt issuance...
  • Janet Yellen's "Favorite" Labor Indicator Tumbles: Job Openings Drop Most Since 2009

    10/16/2015 9:02:31 AM PDT · by SeekAndFind · 8 replies
    Zero Hedge ^ | 10/16/2015 | Tyler Durden
    One month ago, when the JOLTS data showed the highest number of job openings in history, rising by a near record 430,000 to 5.8 million vacant positions, most speculated that this data - considered to be Janet Yellen's favorite indicator of slack in the labor market now that the unemployment rate has become utterly unreliable due to the 94 million Americans out of the labor force - had sealed the fate of a September rate hike. It did not, as instead the Fed decided to shift to its 4th mandate (the 3rd being the stock market), namely the "global...
  • Clinton Foundation snubbed by the pope, Elton John, Janet Yellen

    09/26/2015 7:57:54 AM PDT · by PROCON · 24 replies
    politico ^ | Sep. 26, 2015 | Kenneth P. Vogel and Noah Weiland
    The Clinton Foundation invited everyone from Pope Francis and Leonardo DiCaprio to Bill de Blasio and Janet Yellen to its showcase gathering starting Saturday in New York City, according to multiple sources familiar with the planning. But those invitations were among the dozens turned down by all manner of celebrities, dignitaries and donors, according to the sources, who said the controversies swirling around the foundation and Hillary Clinton’s presidential campaign have made some bold-faced names and donors wary of the foundation. The glitzy Clinton Global Initiative gathering in New York, which has the lofty title “The Future of Impact,” was...
  • Asian shares slump on global growth concerns, U.S. selloff

    09/20/2015 8:28:42 PM PDT · by BenLurkin · 1 replies
    reuters ^ | Sun Sep 20, 2015 10:55pm EDT | Nichola Saminather
    It looks like a continuation of the growth worries that have hampered markets for the last few months now," said Shane Oliver, head of investment strategy at AMP Capital in Sydney. "European and U.S. shares had sharp falls, after initially benign reactions to the Fed, and this is now flowing through to Asian markets today," he said. U.S. shares dropped more than 1.3 percent on Friday, after Fed Chair Janet Yellen said on Thursday that the global economic outlook appeared less certain. U.S. and European debt yields also tumbled, with the policy-sensitive two-year yield US2YT=RR falling to 0.678 after hitting...
  • Yellen Is Trapped in the Worst Nightmare Ever

    09/20/2015 4:30:14 AM PDT · by dontreadthis · 50 replies
    armstrong economics ^ | September 20, 2015 | Martin Armstrong
    Yellen has inherited a complete nightmare. Thursday’s decision to delay yet again the long-awaited liftoff from zero interest rates is illustrating that the world economy is totally screwed. There is a lot of speculation about why the Fed seems so reluctant to “normalize monetary policy”. There are of course the typical domestic issues that there is low inflation, weak wage gains in the face of strong job growth, a hike will increase the Federal deficit and then there is the argument that corporations that now have $12.5 trillion in debt. All that is nice, but with corporate debt, our clients...
  • Martin Armstrong Warns "Hell Is About To Break Loose"

    09/20/2015 11:30:44 AM PDT · by Jack Hydrazine · 142 replies
    Zero Hedge ^ | 20SEP2015 | Tyler Durden
    Yellen has inherited a complete nightmare. Thursday’s decision to delay yet again the long-awaited liftoff from zero interest rates is illustrating that the world economy is totally screwed. There is a lot of speculation about why the Fed seems so reluctant to “normalize monetary policy”. There are of course the typical domestic issues that there is low inflation, weak wage gains in the face of strong job growth, a hike will increase the Federal deficit and then there is the argument that corporations that now have $12.5 trillion in debt. All that is nice, but with corporate debt, our clients...
  • U.S. stocks tumble as Fed sows fear and confusion

    09/18/2015 2:43:52 PM PDT · by John W · 13 replies
    marketwatch.com ^ | September 18, 2015 | Sue Chang
    U.S. stocks sank Friday, with the S&P 500 and the Dow Jones Industrial Average closing down for the week, as Federal Reserve’s decision to leave interest rates unchanged fueled fears about global economic growth. The central bank cited concerns about the global economy and a lack of inflation growth in its Thursday decision to leave interest rates unchanged. “Many are confused by the outcome of the recent Fed meeting,” said Kent Engelke, chief economic strategist at Capitol Securities Management. “Markets hate confusion and lack of clarity.” The S&P 500 skidded 32.16 points, or 1.6%, to close at 1,958.08 for a...
  • Janet Yellen: The Fed chair who cried wolf? (Does anyone think this woman is competent?)

    09/18/2015 3:22:43 PM PDT · by bestintxas · 19 replies
    Fortune ^ | 9/17/15 | Chris Matthews
    The market is calling the Fed’s bluff on raising interest rates. The Fed’s September meeting has come and gone, and interest rates remain at zero. The reasoning behind the Fed’s decision is sound. With emerging market economies in various states of disarray, global markets have responded by keeping energy prices low and the dollar strong. These forces have conspired to keep inflation here at home quite low. Federal Open Market Committee members’ median projection of inflation for 2015 is just 0.4%, well below it’s 2% target, which it has failed to reach for close to a decade.
  • Federal Reserve Interest Rate Decision: Janet Yellen, FOMC Leave Rates Unchanged

    09/17/2015 11:06:00 AM PDT · by tcrlaf · 44 replies
    IBT ^ | 9-16-2015 | Jessica Menton
    In one of the most widely anticipated Federal Reserve decisions in decades, the U.S. central bank left interest rates unchanged Thursday. The Fed's pronouncement to leave rates at historic lows—where they’ve been since roughly the start of the Great Recession in 2008—signals that the U.S. economy has yet to fully recover from the near collapse. Market professionals are now looking ahead to a press conference from Fed Chair Janet Yellen at 2:30 p.m. EDT, searching for further hints as to the timing of the Fed’s future course of rate hikes. “Uncertainty from the Fed has been the biggest issue,” Stephen...
  • U.S. Equity Futures Slip as Fed's Rate Decision Looms

    09/17/2015 5:37:33 AM PDT · by citizen · 62 replies
    Fox News Business ^ | September 17, 2015 | Victoria Craig
    Fed decision day: The event traders across the globe have anticipated for months has finally arrived. As of 8:00 a.m. ET, Dow Jones Industrial Average futures were 43 points lower, or 0.26% to 16621. S&P 500 futures shed 6 points, or 0.31% to 1982, while Nasdaq 100 futures slid 10 points, or 0.24% to 4370. Today’s Markets Months of speculation about whether September was the month in which the Federal Reserve would begin to lift short-term interest rates is finally coming to a close. The Federal Open Market Committee meets for the final day of its two-day policy-setting meeting, which...
  • Al Qaeda Mag Urges Attack on Koch Brothers, Buffett, Bloomberg

    09/09/2015 8:05:16 PM PDT · by Jet Jaguar · 20 replies
    NBC ^ | Sept 9, 2015 | ROBERT WINDREM and TRACY CONNOR
    A notorious al Qaeda magazine is encouraging lone-wolf terrorist attacks on U.S. economic leaders, including Bill Gates, Michael Bloomberg and Warren Buffett. The list in Inspire magazine also included industrialist brothers Charles and David Koch, internet entrepreneur Larry Ellison, and casino magnate Sheldon Adelson. A prominent economist was also on the list but asked that his name be withheld. Federal Reserve chairman Ben Bernanke was named, though not Janet Yellen, who succeeded him. Also pictured was Jim Walton, one of the heirs to the Wal-Mart fortune, although he was misidentified in the caption as his late father, Sam Walton. Several...
  • Yellen Gives Silk Underwear Crowd on Wall Street a Warning

    05/07/2015 1:13:24 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | May 7, 2015 | Matt Towery
    It's interesting and important to note that former Fed Chairman Alan Greenspan's comment about a stock market potentially built upon "irrational exuberance" did not coincide with a drop in the markets. In fact, it took years before the truly irrational stock market, built upon the emerging web technology world, fell apart. But comments this week by the current Federal Reserve Chair Janet Yellen that equity "are quite high" reminded many of a more muted version of Greenspan's observations years earlier. In the case of Greenspan, his comments were more speculative and were rooted in the theoretical of what could happen...
  • Yellen Says Stocks Pricey; Is A Bear Market Lurking?

    Fed chief Janet Yellen rattled the stock market Wednesday when she said "equity market valuations at this point generally are quite high," saying that raises "potential dangers." She added that she doesn't see "the hallmarks of a bubble," but stocks retreated from opening gains and traded lower, though the major averages closed off intraday lows. Are stocks overvalued? After a six-year bull market, a correction should be expected, although the odds favor a more garden variety downturn of 20% or so over a period of several months, not the painful free-falls of 2000-02 or 2008. Wednesday's selling prompted IBD to...
  • Fed Chair Yellen says stock market prices 'quite high'

    05/06/2015 10:49:36 AM PDT · by xzins · 70 replies
    Yahoo Finance ^ | 6 May 15 | Martin Crutsinger
    Federal Reserve Chair Janet Yellen on Wednesday described stock market valuations as high and said the central bank was carefully monitoring their impact on financial stability. "I would highlight that equity market valuations at this point generally are quite high," Yellen said in conversation with Christine Lagarde, managing director of the International Monetary Fund, at an economics conference. Coupled with weak economic reports in the morning, her remarks drove stocks broadly lower in Wednesday trading. Yellen added, however, that the overall risks to financial stability are "moderated, not elevated" and she does not see the hallmarks of any bubbles. She...
  • Just When You Thought The Obama Economy Can't Get Any Worse, It's Getting A Lot Worse

    04/03/2015 3:08:49 PM PDT · by Kaslin · 106 replies
    Townhall.com ^ | April 3, 2015 | Donald Lambro
    In the seventh year of Barack Obama's administration, the economy is still getting failing grades that have been the hallmark of his trouble-filled presidency. While he continues to go about the country telling voters that his policies are working, this week's dreary economic data tell a far different story. The bleak headlines in the nation's major newspapers tell the story in its bluntest terms. "Stocks fall on disappointing economic data," said USA Today. "U.S. stocks fall on weak economic data," blares The Wall Street Journal, with this subhead: "Private payrolls rise less than expected in March, adding to concerns about...
  • Fed Chair Wants to Know: ‘How Do Some Places Advance Economically?’ (‘inequality’ barf)

    04/02/2015 12:12:51 PM PDT · by Olog-hai · 25 replies
    Cybercast News Service ^ | April 2, 2015 - 11:51 AM | Ali Meyer
    Federal Reserve Chairwoman Janet Yellen called for more research into widening inequality in the United States during a speech at the Federal Reserve Community Development Research Conference in Washington, D.C., on Thursday. “How do some places advance economically and create circumstances in which residents in turn are more likely to thrive?” Yellen said at one point in her speech, giving an example of the type of question she would like to see answered by “further research.” “According to a recent Pew Research Center survey, the gap between rich and poor now ranks as a major concern in the minds of...
  • Governments drink themselves to death at Madame Yellen’s speakeasy

    03/26/2015 1:06:02 PM PDT · by Olog-hai · 4 replies
    MoneyWeek ^ | 03/23/2015 | Bill Bonner
    Last week was a bad one for the US dollar, but good for stocks. The greenback had its worst five days of trading in four years, but the Dow rose another 168 points on Friday. This action took place after Madame Janet Yellen, proprietress of the House of the Rising Stockmarket, said she would not be impatient about raising rates. She would not be patient either, she warned. Investors drew the obvious conclusion: She has no idea what she is doing. […] The world of today is not the same world it was 50 years ago. We have a new...
  • Dow, S&P 500 close at fresh records after Yellen's first day of testimony [NASDAQ Close to 5,000]

    02/24/2015 1:19:06 PM PST · by SeekAndFind · 4 replies
    Proactive Investors ^ | 02/24/2015 | Deborah Bacal
    U.S. stocks rose Tuesday, with the Dow and the S&P 500 settling at new records after Janet Yellen delivered her first day of testimony on Capitol Hill today, saying the central bank was preparing to consider rate hikes on a "meeting by meeting basis", with the timing dependent on economic data. At the closing bell in New York, the Dow Jones Industrial Average rose 93 points to settle at 18,210, while the Nasdaq climbed for its 10th straight session, rising by 7 points to end at 4,968. The S&P 500 gained 6 points to finish at 2,116. In her testimony...
  • The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

    01/01/2015 6:27:40 AM PST · by HomerBohn · 103 replies
    Invesment Watch ^ | 12/30/2014 | Michael Snyder
    The American people are feeling really good right about now. For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession. In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year. And a lot of people are generally feeling quite good about the people that have been leading our nation. According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the...
  • The most powerful woman in the world without an army

    12/19/2014 10:15:08 AM PST · by SeekAndFind · 4 replies
    American Thinker ^ | 12/19/2014 | James Longstreet
    The most powerful woman in the world, without an army, just propelled the Dow Jones to a two-day 700-point spike by saying “patience.”  Janet Yellen said the Federal Reserve, the quasi-agency that neither is “federal” nor has any “reserves," can be “patient” in their rate hikes in 2015. She was quick, and clumsy by other accounts, to confuse the rate hike issue, with language suggesting that it might not happen at all.  In the vein of the famous watering hole sign, “free beer tomorrow,” Yellen essentially gave the message that rates would go up in 2015, but they might...
  • Fed Chair Yellen’s assets up 8 percent during 2013

    08/28/2014 11:29:57 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Aug 28, 2014 4:25 PM EDT | Martin Crutsinger
    Federal Reserve Chair Janet Yellen’s assets rose in value by at least 8 percent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday. Yellen’s biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million. Yellen’s assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million...
  • Don't Be Fooled: This Week's Economic Data Should Be Taken With a Large Grain of Salt!

    08/27/2014 7:39:47 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | August 27, 2014 | Donald Lambro
    WASHINGTON - A bunch of economic numbers from the government this week, which should be taken with a large grain of salt, were expected to show the economy was doing much better in the past three months. Well, we've seen these periodic, fragmentary numbers many times before, only to see the economy continue to slowly slog along at its painfully lackluster, jobs-challenged pace for the past six and a half years now. President Obama will recite the exaggerated economic numbers that his cherry-picking speech writers select to prove that he's brought the economy back from the bring of recession. But...
  • Janet Yellen is shocked that the Fed’s price models don’t work

    04/27/2014 12:07:12 PM PDT · by Kaslin · 47 replies
    Townhall.com ^ | April 27, 2014 | Nick Sorrentino
    So are we. Just shocked. Hey, at least she said it publicly. That’s more than Mr. Bernanke ever did. Ms. Yellen says doesn’t understand why inflation is running hotter in the US than her models say it should be and why it ran cooler in Japan recently than her models predicted. Models, it’s always the models with Keynesians. Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses. Ok that’s a bit harsh but it’s not...
  • Both at Home and Abroad, Obama’s Presidency is Floundering

    04/20/2014 8:40:44 AM PDT · by Cheerio · 41 replies
    Town Hall ^ | Apr 19, 2014 | Donald Lambro
    WASHINGTON -- Barack Obama is getting a number of critical report cards on his foreign and domestic policies lately. Here at home, Janet Yellen, in her first monetary policy address as the head of the Federal Reserve Board, said the labor markets were still weak, and that it will likely take two years or more before the U.S. fully recovers from its recession. Ouch. If Yellen's forecast proves right, this means it will have taken Obama's administration nearly eight years to lift our economy out of its long and painful lethargy.
  • First Fire Sebelius, Now (Forcibly) Retire Who Else?

    04/18/2014 4:25:49 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | April 18, 2014 | John Ransom
    Well I can say this much for Janet Yellen, she sure learned how to jawbone the market, a skill that was notably lacking in her predecessor Ben Bernancke. On Wednesday the market gapped open, only to follow a recent pattern of the gap gains eroding. But then Janet stepped in. In a speech to the Economic club of New York, Yellen acknowledged that while the economy has made some strides towards recovery the jobs market is at least, if not more than, two years away from healing. That means that stock market types, whatever else may be happening on...
  • Yellen signals more aggressive stance toward banks

    04/15/2014 1:03:06 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Apr. 15, 2014 2:53 PM EDT | Martin Crutsinger
    The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system. She said the largest U.S. banks may need to hold additional capital to withstand periods of financial stress. Non-banks with deep reaches into the financial system might also need to meet tougher rules, she said. Such firms range from money market mutual funds to private equity and hedge funds. …
  • Yellen's Low-flation Nonsense

    04/12/2014 9:22:34 AM PDT · by Kaslin · 22 replies
    Townhall.com ^ | April 12, 2014 | Larry Kudlow
    Will somebody please explain to me how rising inflation is somehow going to extricate us from the tepid economic recovery? I don't get it. It used to be hypothesized that low inflation was the key to high economic growth. For everybody in the economy, low inflation was a tax cut. Conversely, rapidly rising prices were thought to penalize the economy by placing a tax-hike effect on investors, businesses, and families. It was this logic that spurred Paul Volcker (especially) and then Alan Greenspan to labor mightily in the 1980s and 1990s to bring inflation down. The Fed's favorite inflation...
  • Stop Eating Meat and Cheese

    04/02/2014 11:59:15 AM PDT · by PaulCruz2016 · 109 replies
    The New York Times ^ | 04-01-2014 | Fredrik Hedenus
    <p>To avoid dangerous climate change and limit global warming to below 3.6 degrees Fahrenheit above the level of preindustrial times – a target endorsed by the international community and the United States – global greenhouse gas emissions need to be reduced by 80 to 90 percent by the second half of this century. But even eliminating all carbon dioxide emissions from the energy and transportation sectors may not be enough to reach that target because greenhouse gases from food and agriculture, mainly nitrous oxide from agricultural soils and methane from livestock, will be too large.</p>
  • Sarah Palin is Right: Obamacare Death Panel Real; Disguised as the Democrat Senatorial Campaign Comm

    04/02/2014 6:26:20 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 2, 2014 | John Ransom
    Turns out Sarah Palin was right. Obamacare does have Death Panels, and they are currently disguised as the Democrat Senatorial Campaign Committee and the Democrat Congressional Campaign Committee. In this week when Obamacare finally turns one day old, the political problems that our economic recovery face have never been on better display. While the stock market makes new highs, even the Fed is acknowledging that this recovery is different. And because it’s different, Wall Street is winning and Main Street is losing. “Although we work through financial markets, our goal is to help Main Street, not Wall Street,” said...
  • Yellen’s Real-Life Examples of Unemployed Omit Criminal Records

    04/01/2014 11:26:06 AM PDT · by reaganaut1 · 5 replies
    Bloomberg | April 1, 2014 | Lorraine Woellert
    No Bloomberg excerpts allowed, story here.
  • Illinois: How will we fix our budget problems? Let’s tax millionaires!

    03/21/2014 2:12:17 PM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 03/21/2014 | Bruce McQuain
    This worked so well for France that Belgium had a real estate boom with the new tax on millionaires was announced. And New Jersey learned that millionaires have a tendency to leave when confronted with higher taxes. But Illinois? Well, per Michael Madigan, Speaker of the Illinois House of Representatives, Illinois is different: “Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” he said, according to the Tribune–a backhanded acknowledgement of how poorly the state is already doing.Madigan may also be encouraged by California’s example, where millionaires have largely...
  • Are Larry Page, Jerry Yang, and Larry Ellison pulling their philanthropic weight?

    03/21/2014 11:40:36 AM PDT · by Oldeconomybuyer · 17 replies
    San Francisco Chronicle ^ | March 21, 2014 | By Joe Garofoli
    We often write about the generosity of philanthropists. But what about rich folks who are giving — but not really pulling their weight? Inside Philanthropy’s calls out some billionaires not because they’re not giving, but because they’re not giving ENOUGH based on how much cash they’ve got stuffed in the mattress. While The Chronicle of Philanthropy annually drops its list of the top 50 donors, Inside Philanthropy took a different approach. Instead of just looking at how much an individual is giving away, IP is using “relative generosity as our main criteria here, looking at what percentage of their wealth...
  • Bill Gates Is Half-Right about Tax Reform

    03/21/2014 11:30:11 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 21, 2014 | Daniel J. Mitchell
    I generally get very suspicious when rich people start pontificating on tax policy. People like Warren Buffett, for instance, sometimes advocate higher taxes because they’re trying to curry favor with the political elite. Or maybe they feel compelled to say silly things to demonstrate that they feel guilty about their wealth. Regardless, I don’t like their policy proposal (as you can see from TV debates here and here). That being said, I also realize that stereotypes can be very unfair, so it’s important to judge each argument on the merits and not to reject an idea simply because it comes...
  • WaPo suffers self-inflicted wound in the war on the Koch brothers

    03/21/2014 11:09:07 AM PDT · by Starman417 · 18 replies
    Flopping Aces ^ | 03-21-14 | DrJohn
    It's become very obvious that Saul Alinsky continues to live on in the democrat party and among the decerebrate left. Rule 13 says“Pick the target, freeze it, personalize it, and polarize it.”The 2014 Democrat Party target is the Koch Brothers. Private citizens, they are the 2014 left wing whipping boys and the left has donned its asshats in unison. An article in the Washington Post screams: The biggest lease holder in Canada’s oil sands isn’t Exxon Mobil or Chevron. It’s the Koch brothers. You might expect the biggest lease owner in Canada's oil sands, or tar sands, to be one...
  • In America, the 'wealthy poor' replace the middle class

    03/21/2014 1:21:34 PM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 03/21/2014 | Rick Newman
    One phenomenon of the modern economy is affluence that doesn’t feel like it. You work, earn and spend quite a lot, yet it seems you’re getting nowhere. Some new economic analysis helps quantify just how many people might be characterized as the “wealthy poor”— and it’s a surprisingly large chunk of the overall population. A new paper by economists Greg Kaplan and Justin Weidner of Princeton University, and Giovanni Violante of New York University, finds that about 70 million Americans may live in families they describe as “wealthy hand-to-mouth” households. These are families that own assets such as homes, cars,...
  • Fed to Raise Interest Rates on Obama's Weak, Struggling and Jobless Economy

    03/21/2014 11:50:28 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | March 21, 2014 | Donald Lambro
    WASHINGTON - Federal Reserve Chairman Janet Yellen briefed the country Wednesday on the Fed's plans for the economy's problem-plagued recovery, sending Wall Street into a swoon. It was her first news conference as the new head of the nation's central bank, and though she was cautious in her remarks, she suggested that economic data has improved more than many people, and other economists, think. But it was the Fed's plans to start raising interest rates earlier than expected that came as an ice cold shower for the still- sluggish economy and for the stock market. Yellen's remarks, following a report...
  • Fed's Kocherlakota blasts new rate guidance

    03/21/2014 6:45:24 AM PDT · by Red in Blue PA · 7 replies
    WASHINGTON (Reuters) - The Federal Reserve should have promised to keep rates near zero until U.S. unemployment falls below 5.5 percent, as long as inflation and financial stability risks are contained, said the lone dissenter to the Fed's policy decision this week. By dropping the Fed's pledge to keep rates low until the jobless rate reaches a more healthy level, the U.S. central bank is sending the wrong message on both inflation and jobs, Minneapolis Federal Reserve Bank President Narayana Kocherlakota said in remarks released on Friday. On Wednesday the Fed, in its first policy-setting meeting under Fed Chair Janet...
  • Janet Yellen Punt Prompts Panic: Even a hint of a taper is enough to scare people.

    03/20/2014 6:45:59 AM PDT · by SeekAndFind · 11 replies
    National Review ^ | 03/20/2014 | Tim Cavanaugh
    The spring of 2014 has not yet begun, but a jittery Wall Street was spooked Wednesday by the prospect that interest rates might rise “as soon as” the spring of 2015. That was the immediate response to Federal Reserve chairwoman Janet Yellen’s first press conference since taking office. Yellen’s mere suggestion that the Fed might someday pursue a less inflationary policy has been blamed for a drop in the Dow Jones Industrial Average, and armchair central bankers are jumping on the rookie Fed chief for talking the market down. Fed may raise rates as soon as next spring, Yellen suggests:...