What an eventful June Federal Open Market Committee (FOMC) policy meeting! The Federal Reserve left its benchmark interest rates in the target range of 2.25 percent to 2.50 percent. It was overwhelming – nine to one – but St. Louis Fed president James Bullard was the dissenting vote, calling for a quarter-point cut. The Fed […]
Archives for June 2019
HEROIC: Tulsi Gabbard slams identity politics, opposes impeachment
This is why Representative Tulsi Gabbard (D-HI) has zero shot of winning: She is the only sane Democrat in the race, next to possibly Andrew Yang. Speaking in an interview with The Wall Street Journal, Gabbard slammed identity politics, dismissed impeachment talk, and agreed there was no Russian collusion. Here is her opinion on the […]
Will inflation save Social Security?
By: Stefan Gleason Uncle Sam is going broke. That’s not exactly news – at least not to anyone who has been paying attention to the sorry state of federal finances. Yet to most Americans, the ballooning national debt ($22.3 trillion and counting) isn’t a problem that impacts their daily lives. They won’t directly perceive the […]
Trump did NOT consider demoting Jerome Powell: Larry Kudlow
Should President Donald Trump pull off the unthinkable and win re-election 2020, then he will probably wish Federal Reserve Chair Jerome Powell the best of luck in his future endeavors. To say that Trump regrets nominating Powell would be an understatement. Recent reports suggest that the White House considered demoting Powell in February. But is […]
Bernie Sanders, AOC don’t understand how credit works
Senator Bernie Sanders (I-VT) and Representative Alexandria Ocasio-Cortez (D-NY) have introduced legislation that would cap credit card interest rates at 15 percent and allow states to lower limits as they see fit. They claim that they are helping the poor and vulnerable. But that is nonsense. A lot of credit cards that have high interest […]