U.S. officials keep moving the goal posts. The evolution has been fascinating. Inflation went from not happening to being hot for longer real quick. Fed Chair Jerome Powell told the Senate Banking Committee in prepared remarks that inflation pressures are likely to last longer than expected. “Inflation is elevated and will likely remain so in […]
Federal Reserve
Robert Kaplan, Eric Rosengren quit the Federal Reserve amid stock controversy
Two of the trading associates at the Jerome Powell and Associates firm inside the Eccles Building will be retiring. Dallas Federal Reserve Bank President Robert Kaplan announced on Monday that he will be retiring on October 8, alluding to the “distraction” of his multi-million-dollar stock transactions. “The Federal Reserve is approaching a critical point in […]
Federal Reserve initiates sweeping ethics review after multi-million-dollar stock purchases
After it was revealed that Dallas Fed Bank President Robert Kaplan and Boston Fed Bank President Eric Rosengren executed multi-million-dollar stock purchases, the U.S. central bank will now order sweeping ethics reviews. Federal Reserve Chair Jerome Powell initiated an assessment of ethics rules governing financial holdings and dealings by senior members of the Eccles Building. […]
Will the Federal Reserve go to war with China?
By: Andrew Moran The Federal Reserve has signaled that it plans to taper the $120-billion-a-month quantitative easing (QE) program by year end. The full details are expected to be discussed when the next Federal Open Market Committee (FOMC) policy meeting convenes later this month. Although conditions might change by then, the prevailing wisdom on Wall Street suggests that the […]
Democrats pushing Biden to replace Jerome Powell with another money printer
Federal Reserve Chair Jerome Powell’s first term is set to expire soon. President Joe Biden is being pushed by Democrats to find a replacement rather than nominate Powell to another term. Put simply, Democrats want to swap a money printer with another money printer. The initiative is being led by Rep. Alexandria Ocasio-Cortez (D-NY) and […]