It’s coming. It’s coming. The Federal Reserve is tapering! During the Jackson Hole virtual summit, Fed Chair Jerome Powell indicated that the central bank could begin tapering its $120-billion-a-month quantitative easing program by the end of the year. But it looks like interest rates will stay near zero because there is still “much ground to […]
Archives for August 2021
WATCH: Pentagon press briefing on explosions in Afghanistan
Multiple people are dead in Afghanistan following three explosions in Afghanistan, including one near the Kabul airport. The Pentagon is holding a press briefing on the latest developments in the country. Watch here:
JACKSON HOLE: How the Federal Reserve enables reckless spending in Washington
By: Ryan McMaken With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond purchases which would “effectively increase interest rates.“ Much of the discussion over the Fed’s policies on interest […]
Is the U.S. preparing for an African Swine Flu outbreak in Puerto Rico, Virgin Territories?
First China. Now the U.S. Territories? The world’s largest pork consumer has been going through another wave of the African Swine Flu, which has decimated the nation’s pig herd. This has forced Beijing to import greater amounts of pork from the U.S. But there are concerns that the fatal pig disease could impact Puerto Rico […]
MONEY PRINTER GO BRRR: Federal Reserve keeps printing cash
Tapering? What tapering? The Federal Reserve, even with all the talk of unwinding the quantitative easing program from the start of the pandemic, is still running the printing press 24/7. Should the central bank cut the $120-billion-a-month campaign, the tightening will be essentially non-existent. Here is a look at the money expansion over the last […]