Texas Republican Congressman Ron Paul appeared on the Fox Business Network on Thursday to discuss the rule change in the Senate that has been deemed “radical” by both opponents of measure and the three-time presidential candidate. Dr. Paul also touched upon the Senate Banking Committee approving 14 to 8 President Obama’s Federal Reserve Chair nominee, […]
Archives for November 2013
Senate Banking Committee approves Janet Yellen as Fed Chair; 14 to 8
Janet Yellen’s move to become the very first woman to head the Federal Reserve System has inched closer Thursday as the Senate Banking Committee voted 14 to 8 in favor of Yellen. Her nomination will now be sent to the Senate for a full vote and is expected to be put in charge of one […]
Video: Healthcare.gov crashes in front of HHS Secretary Kathleen Sebelius
Health and Human Services Secretary Kathleen Sebelius got a first-hand look at Americans attempting to sign up for insurance at Healthcare.gov. What was meant to showcase Sebelius and the website in a positive light actually backfired because it went down right in front of Sebelius. Another man said it crashed three times.
Federal Reserve minutes reveal QE tapering ‘in coming months’
Policymakers at the Federal Reserve stated in a meeting last month that it will begin to taper its $85 billion per month quantitative easing initiative “in the coming months.” The officials discussed whether or not to pull back its bond-buying program before seeing improvements in the labor market. The minutes, which were released Wednesday afternoon […]
OECD urges Bank of Canada to double interest rates by 2015
Since Sept. 2010, the Bank of Canada has kept its interest rates at a fixed one percent. Experts say this policy, instituted by ex-central bank head Mark Carney, has led to one of the most stable and heightened borrowing countries in the world today. Officials at the Organization for Economic Cooperation and Development (OECD) are […]