The Federal Reserve has done an about face on inflation. The U.S. central bank has gone from saying there will be no inflation to noting that it will be brief to estimating that it will top its target rate for the remainder of the year. Fed Chair Jerome Powell and Co. left its benchmark interest […]
Federal Reserve
Federal Reserve leaves interest rates at 0.25%, dismisses rising inflation as ‘transitory’
The Federal Reserve has spoken… The United States central bank left its benchmark interest rate at 0.25 percent during the April Federal Open Market Committee (FOMC) policy meeting. Officials also decided to keep the Eccles Building’s monthly $120 billion bond purchases intact. The moves were widely expected. In a policy statement, the Fed acknowledged rising […]
Read FOMC statement for March here
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Read: Fed sees no rate hikes through 2023 despite some inflation overshoot The COVID-19 pandemic is causing tremendous human and economic hardship across the United States […]
Ron Paul: Federal Reserve is enabling Joe Biden’s destructive agenda
By: Ron Paul According to the Congressional Budget Office (CBO), 2021 will be the second year in a row in which the federal debt exceeds Gross Domestic Product (GDP). CBO also projected that this year’s federal deficit will be 2.3 trillion dollars, which is 900 billion dollars less than last year. However, CBO’s projections do […]
What’s the deal with the Federal Reserve’s dual mandate?
By: Robert Aro It’s almost as if Federal Reserve governor Lael Brainard read the February 11 Mises article “The Fed and ‘Maximum Employment’” and then rebutted with a class lecture at Harvard two weeks later. Whereas the Mises article starts by cautioning that maximum employment is used to justify the state’s interventions in our lives, […]