By: Jeff Deist Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term “Fed Bug,” but she used it to delicious effect in this 2019 Financial Times interview: “People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says. Can anyone the New York Times attacks this dishonestly be […]
Federal Reserve
Federal Reserve’s Neel Kashkari recommends six-week lockdown to beat COVID-19
Should the United States shut down again for six weeks? One Federal Reserve official thinks so. According to Minneapolis Federal Reserve head Neel Kashkari, the best way to support the economy and halt the resurgence of the coronavirus pandemic is to close the coutnry for up to six weeks. Co-writing an op-ed in The New […]
Random Friday: July jobs report, money supply growth stalls?, 46 minutes of Joe Biden
News Story of the Day: The U.S. economy created 1.763 million new jobs in July, beating the market forecast of 1.6 million. This is down from the 4.8 added jobs in June. The unemployment rate slipped to 10.2 percent, coming in lower than the 10.5% reading in the previous month. Hiring did slow down a […]
INFLATION ALERT: Federal Reserve admits it will not tolerate deflation
By: Stefan Gleason The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note’s value and status. With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major fiat currencies. […]
Does the Federal Reserve have an escape plan?
By: Robert Aro Fed Chair Powell would shock the world if he said something like this: The Federal Reserve’s response to this crisis has been guided by our mandate to promote maximum employment and stable prices, along with our responsibilities to promote the stability of the financial system. The problem is that these are misguided policies […]