The Federal Reserve’s balance sheet has stabilized this past summer, which could explain why the stock market has tanked in September. Although the U.S. central bank’s balance sheet is more than $7 trillion, the explosion in growth has leveled off. Here is what its total assets look like: Does this mean the Eccles Building’s stimulus […]
Federal Reserve
Federal Reserve will leave interest rates near zero until 2023
Well, to no one’s surprise, the Federal Reserve is suppressing interest rates for longer. Following its two-day September Federal Open Market Committee (FOMC) meeting, it left interest rates unchanged in the target range of zero and 0.25 percent. It will stay this way until at least 2023, in addition to allowing inflation to run above […]
Federal Reserve promises more destruction for the U.S. dollar
By: Andrew Moran The Federal Reserve has potentially had the most memorable year in its more than century-long history. What started out as a year of will they or won’t they cut interest rates blossomed into a time of slashing rates to near zero, unleashing unlimited quantitative easing, purchasing corporate and municipal bonds, and growing its balance sheet to a […]
Protesters stage ‘die-in’ in front of Minneapolis Federal Reserve Bank
A bunch of people staged a 60-second “die-in” over the weekend in front of the Minneapolis Federal Reserve Bank headquarters. These were not a bunch of Austrians or libertarians protesting the destructive interventionist policies or calling for its abolition. Instead, they were likely demanding even more intervention, mostly from a social justice point of view, […]
The true costs of the zombification of Corporate America
By: Ali Mecklai Recent data published by Yardeni Research Inc., Bank for International Settlements (BIS), the Institute of International Finance (IIF), and in the Federal Reserve Bank of St. Louis Economic Data (FRED) database offers an insight into the true extent of central banking practices before and during the covid-19 pandemic. The wide-ranging implications of this can […]