Below you'll find a list of all posts that have been tagged as “Janet Yellen”
U.S. Treasury Secretary nominee Steven Mnuchin isn’t jumping on the Republican bandwagon to audit the Fed. In written questions by senators following his confirmation hearing on Thursday, Mnuchin was asked about his thoughts on “politicizing decisions made by the Federal Reserve Board of Governors and the benefits of an independent central bank.” Mnuchin’s answer was crafted carefully. “The Federal Reserve …
Jack Rasmus reviews the key economic events, US and global, in the run-up to the Trump inauguration: China President Xi warning of trade war with US, the European Central Bank’s continuation of its QE policy, the United Kingdom’s Prime Minister, May, signals a ‘hard Brexit’, Trump cabinet nominees tell Congress what they want to hear (and not what they intend …
Italy Referendum, Italy-EU Bank Crisis, and Europe Unraveling’
Last Thursday, the Consumer Financial Protection Bureau (CFPB) announced that Wells Fargo was paying $185 million in fines and penalties for allowing its employees to open “more than two million deposit and credit card accounts” that were not authorized by its customers. The employees were attempting to “hit sales targets and receive bonuses.” In one of the most audacious forms of …
Today’s show examines and discusses the past week’s major decisions by the Federal Reserve and the Bank of Japan, and how they represent growing failure and desperation of central bank monetary policy globally. Bank of Japan promises to keep bond rates at zero for another ten years and to continue to inject money until inflation exceeds 2%. The Federal Reserve …
Federal Reserve Vice-Chairman Stanley Fischer made a couple of controversial statements this week regarding negative interest rates. Fisher stated negative rates “seem to work” while admitting they are bad for savers but they “typically they go along with quite decent equity prices.” There are two problems in play. The first is an explicit admission that the Fed sponsors wealth inequality. …
Trend forecaster Gerald Celente provides a “globalnomic” view of what happens if/when the Federal Reserve hikes interest rates – especially to your bottom line. Celente examines how thew rigged market talk about interest rates affects gold, the strength of the dollar and more.
The Credit Market Is Manipulated Giant American banks said they had to be bailed out or else the American economy would crash. It wasn’t just the $700 billion “Tarp” bailout in 2008. In reality, a large portion of the big banks’ profitscome from taxpayer bailouts and subsidies (see this, this and this). At the same time, the big banks have sat on the money the government threw at them – with …
Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According to Challenger, Gray & Christmas, U.S. firms announced 65,141 job cuts during April, which represented a massive 35 percent increase over the previous …
As the economy again started off the year on a sour note, the glass-half-full crowd pointed to the strength of the U.S. jobs market as a reason not to worry. As long as payrolls are racking up monthly gains of 200,000 or more, the economy remains in fine fettle, or so the optimists would have it. Take a peek below …
