Despite the most recent increase in the Federal Funds Rate (09/21/22), keep in mind that there is nothing to prevent the Fed from raising the targeted Fed Funds Rate before their next scheduled meeting. The FOMC meets at 6-week intervals and they...
As the COVID-19 catastrophe unfolded, the Federal Reserve intervened swiftly in financial markets. Many praise the Fed’s response, including its new role as the “market maker of last resort.” Others are impressed the Fed steered clear of politics...
The FED (by its Federal Open Market Committee) has raised the targeted Federal Funds Rate seven times since December 2016 with more on the way. The Federal Open Market Committee (FOMC) met on September 26, 2018 to decide on whether to raise the...
The economy of the U.S. of A. has struggled for the last ten years. To say this, is probably the greatest understatement uttered over the last five centuries or so. It started with the real estate fiasco and the resulting financial crisis and...
It is easy to criticize those who are supposed to be able to change economic behavior. Monetary policy making is no exception. Such authorities can and have made mistakes. But impotence in changing the economic behavior of a large economy is not the...
Yes, my friends, I think it is just around the corner. Inflation is a steady increase in the prices of goods and services in a country, usually measured in terms of a specific annual percentage. This decreases the purchasing power of a currency by...
The recent pronouncements coming forth from the FED officialdom including Federal Reserve Board of Governors’ Chairman Ben Bernanke are not inconsistent with that coming forth from the monetary policy makers throughout the developed world. Bluntly...
In the course of civil societies, it often becomes necessary that policies or institutions, having been established by previous generations, face rigorous scrutiny by the public in order to determine their effectiveness. It is especially right when...
