Jeffrey M. Lacker, President, Federal Reserve Bank of Richmond, has been the only dissident in the past six FOMC meetings. Mr Lacker has been President the Richmond Fed since August 2004 and is a voting member of the FOMC in 2012, and was so in 2006 and 2009. He holds a bachelor of arts degree […]
Archives for September 2012
French President Proposes 75 Percent Tax On Rich
Since the French presidential election campaign, Francois Hollande has captured the news worldwide after it was reported that part of his platform is to impose a 75 percent tax on those making more than one million euros ($1.28 million). Over the weekend, the French President, whose popularity has been on the decline, appeared on live […]
Massive monetary intervention looms on both sides of the Atlantic
On Thursday, the European Central Bank (ECB) announced a far-reaching measure to finally tackle head-on the long-simmering debt crisis in the Eurozone. The ECB will purchase unlimited quantities of sovereign bonds in a bid to lower interest rates for troubled Eurozone countries such as Spain and Italy. The program will also help to alleviate fears […]