Despite the Federal Reserve raising interest rates and trimming its $8.9 trillion balance sheet, money-supply expansion has yet to fall off a cliff. Although there was a sharp drop in the M2 in the week beginning April 11, there has been an ebb and flow of the printing presses since the end of April. Here […]
Federal Reserve
Federal Reserve deflating its stock market bubble
By: Andrew Moran During a dinner party in lower Manhattan, there were two bears talking about the market, a bull was passed out on the sofa, and Federal Reserve Chair Jerome Powell was pouring the spiked contents of the punch bowl down the sink. The U.S. central bank has informed Wall Street that it is unscrewing the […]
Joe Biden: ‘I’m confident the Federal Reserve’ will fight inflation
President Joe Biden will depend on the Federal Reserve to fight inflation. Speaking after the release of the absymal December jobs report, President Biden revealed that he thinks the U.S. central bank will manage price inflation that has surged to its highest level in 39 years. “I want to be clear: I’m confident the Federal […]
LOL: Fed’s Jerome Powell retires ‘transitory’ inflation
Well, you can say goodbye to the nauseating term “transitory.” Federal Reserve Jerome Powell ostensibly retired the word when discussing skyrocketing inflation. Powell told Congress during his testimony that it’s “probably a good time to retire that word.” “The word ‘transitory’ has different meanings to different people,” he said. “We tend to use it to […]
Tapering the taper? Fed Chair Jerome Powell warns omicron variant complicates plans
Is the Federal Reserve preparing to taper the taper? Fed Chair Jerome Powell warned that the omicron variant of concern poses a risk to the United States economy, adding that the rise in coronavirus infections complicates its inflation picture. “The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks […]