Tag Archives: Federal Reserve

We Are Sailing Deeper Into Uncharted Waters

By Richard Fisher  It will come as no surprise to those who know me that I did not argue in favor of additional monetary accommodation during our meetings last week. I have repeatedly made it clear, in internal FOMC deliberations and in public speeches, that I believe that with each program we undertake to venture [...]

Posted in Banks, Business, Economy, Federal Reserve, Real Clear Politics | Tagged as: , , , ,

US debt tops $16 trillion: So who do we owe most of that money to?

US debt tops $16 trillion: So who do we owe most of that money to?   By Greg Wilson     FOXNEWS   The national debt topped $16 trillion on Tuesday, adding fuel to Republicans’ criticisms of President Obama’s deficit spending just as the Democrats are kicking off their national convention.   Mitt Romney lamented “the enormous [...]

Posted in 2012 Presidential Race, Barack Obama, Debt Ceiling, Deficit Spending, Federal Reserve, Fox News, John Boehner, Mitt Romney, National Debt, Republican Presidential Race, Solid Principles | Tagged as: , , , , ,

Regional factories rebound, jobless claims up

Factory activity in the Mid-Atlantic region bounced back in July, lifting hopes of a pick-up in economic growth in the third quarter. However, a rise in the number of Americans filing new claims for unemployment benefits suggested the reacceleration in output would not be as strong as had previously anticipated. The Philadelphia Federal Reserve Bank [...]

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Obama’s Latest Monstrosity

By:  John Berlau  The American Spectator  The 2,315 page Dodd-Frank financial regulation bill that President Obama will sign today should not be called “financial reform.” Instead the bill, which passed the Senate 60-39 last week when Massachusetts Senator Scott Brown joined Maine Senators Olympia Snowe and Susan Collins to grant cloture, should be called what [...]

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Five Greek Myths, 2010 Version

By David Wessel Economist Carmen Reinhart of the University of Maryland is enjoying more celebrity than usually accrues to scholarly geeks thanks to a well-timed book, “This Time Is Different: Eight Centuries of Financial Folly,” co-authored with Harvard’s Kenneth Rogoff. In an op ed essay in Sunday’s Washington Post, Carmen Reinhart and her husband, Vincent, [...]

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Light At the End of the Bailout Tunnel

  By DEBORAH SOLOMON WASHINGTON—The U.S. government’s rescue of wobbly companies and financial markets is starting to look far less expensive or long-lasting than once feared. As momentum grows at companies that looked like zombies just a few months ago to repay taxpayers for lifelines they got during the financial crisis, the projected cost of [...]

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The Wrong Financial Fix

http://article.nationalreview.com/?q=NjBhNmE0OTFlMDg0ZjFhM2FhYTYxYmQ3YjQzMTZjYmU= By the Editors NRO Sen. Chris Dodd (D., Conn.) has overseen the compilation of another dictionary-sized piece of impenetrable legislation, this one intended to reform our bank regulators and thereby prevent a repeat of the recent financial crises. His approach is the wrong one, undermining the institutions that have performed relatively well, such as [...]

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