Would you like inflation here or there? For weeks, Federal Reserve Chair Jerome Powell dismissed inflation concerns, despite some of his colleagues warning that inflation could be around the corner. Even with rising Treasury yields, he shunned the very idea that rising price inflation is on the horizon. Well, he has ostensibly had a change […]
Federal Reserve
THANKS FED: Meme stocks, SPAC craze, and volatility dominate stock market
By: Andrew Moran A Reddit forum-turned-decentralized hedge fund is engaged in an all-out short-selling war over a video game store that nobody likes. The blank-check company craze continues with a record month for listings. The Dow Jones Industrial Average crossed the 31,000 mark. A tweet sent bitcoin prices up 20%. And the financial markets have entered only the second […]
Rate hikes coming soon? Don’t bank on it, says Fed Chair Jerome Powell
Do not expect rate hikes anytime soon. Federal Reserve Chair Jerome Powell, speaking at Q&A session presented by Princeton University, revealed that interest rates will remain low for the foreseeable future. “That wouldn’t be a reason to raise interest rates, unless we start to see inflation or other imbalances that would threaten the achievement of […]
WATCH: Could Judy Shelton still be nominatd to the Federal Reserve?
Who could be talking about the Federal Reserve when Capitol Hill is in a crisis? Still, according to the Senate Calendar, Judy Shelton could still be nominated to the U.S. central bank. What’s going on?
2020: The top stories on Economic Collapse News over the last year
Well, it’s another year in the history books. And what a year it has been. We will not share the same banalities regarding the developments of 2020. Instead, let’s share our top ten posts of the past year. And we’re certain 2021 will be another great year for our content. Here we go… WATCH: Joe […]