If both white and blue collar workers can lose their jobs due to companies investing in automation then why can’t the Federal Reserve System and central banks across the globe experience the same thing? One software executive thinks that’s what the future of banking will look … [Read more...]
Fed Chair: ‘We have further to go to achieve a healthy economy’
How much longer will it take for the United States economy to fully recover from the financial crisis that occurred a few years ago? Well, there is no timeframe, but the U.S. central bank head said there is still a long way to go. The text of Federal Reserve Chair Janet Yellen’s … [Read more...]
Federal Reserve: Skipping college will mean losing out on $800,000
Years ago, post-secondary institutions and public officials touted that if students were to attend university then they can earn $1 million more than a non-university graduate. That figure has since been disputed because the number was distorted due to the growing number of … [Read more...]
Robert Shiller says investors should buy stocks, others warn market is in a bubble
Since the economic downturn and the beginning of the Great Recession, the United States stock market has somewhat rebounded primarily due to monthly stimulus courtesy of the Federal Reserve. Whatever the reason is for the increase in stock prices, one economist is urging investors to … [Read more...]
Americans see real estate as top long-term investment: Gallup
The United States real estate market is still rebounding from its crash at the height of the Great Recession. The Federal Reserve continues to pump monthly stimulus into the system that currently benefits homeowners and it seems that Americans still feel owning real estate is a great … [Read more...]
Industrial production rises higher than initial forecasts
Following a harsh winter that saw the economy experience a downturn, new data indicates that industrial production in the United States is gaining some momentum as it rose more than what was forecasted in the month of March. The Federal Reserve released figures Wednesday that … [Read more...]
Federal Reserve Bank President Narayana Kocherlakota is interested in bitcoin technology
Officials at the Federal Reserve haven’t necessarily been jumping for joy when the topic of bitcoin is brought up. Instead, most experts at the United States central bank usually dismiss the digital currency as nothing more than a flash in the pan and something for criminals. Not for … [Read more...]
Federal Reserve official warns central bank could delay QE taper
Last month, the Federal Reserve further reduced its third round of quantitative easing (QE) during its road to tapering. However, the central bank will maintain current Fed Funds Rate of near 0.000 percent – Fed Chair Janet Yellen has already confirmed that she does not have any … [Read more...]
Federal Reserve official warns bitcoin threatens central banks – and that’s a good thing
Last week, David Andolfatto, St. Louis Federal Reserve Vice President and Director of Research, published an in-depth presentation on the peer-to-peer decentralized currency bitcoin. This is the first time that such a high level central banking official has studied the cryptocurrency … [Read more...]
Federal Reserve balance sheet growing out of control reaching $4 trillion in 2013
The Federal Reserve announced Friday that its balance sheet soared to $4 trillion by the end of last year. In efforts to revive the United States economy, the nation’s central bank made immense asset acquisitions of $1.1 trillion as part of its monthly $85 billion quantitative easing … [Read more...]
Fed’s Dudley: U.S. economic prospects ‘reasonably favorable’
Although it has been a slow one, there have been some bright spots in the United States economic recovery, says New York Federal Reserve President William Dudley in a speech Friday. The central banker confirmed that it will not be walking away from an accommodative monetary policy … [Read more...]
Will Janet Yellen’s ‘do all I can’ remark mean increased QE
Prior to officially becoming head of the most powerful system in the world, the Federal Reserve, there were numerous warnings that she would not reverse the $10 to $20 billion taper talk and actually increase the central bank’s quantitative easing measures that were put into place by … [Read more...]
Banksters (JPMorgan) continue their assault to undermine Bitcoin to no avail
It's understandable: bitcoin could very well be competition to Visa, PayPal and traditional fiat currency. That’s why those on Wall Street and central banking officials have been on the defensive in the past few months when it comes to cryptocurrencies. From Jamie Dimon to Alan … [Read more...]
Doomsday Scenario The Risk of Economic Evaporation
Filed Under: Doomsday Scenarios by
During the Mortgage Crisis, the Federal Reserve had to issue more than $700B worth of ‘stimulus’ funds towards saving the economy from economic ruin. Ignoring the ongoing debate about how effectively those funds were actually applied, I raise this example to illustrate how it is that … [Read more...]
Federal Reserve Economic Forecast Off-target
Low interest rates may be a bane to savers’ retirement plans, but they have been a blessing to home builders. As the Federal Reserve has continued its quantitative easing programs to keep interest rates near zero, single family home starts are expected to increase 25 percent in 2012 … [Read more...]
Low Interest Rates Put Retires Financial Future at Risk
While many—mainly borrowers—have been pleased with the Fed’s downward pressure on interest rates, the program is placing many retired Americans’ long-term security at risk. Interest rates are at their lowest point in 100 years as the Federal Reserve tries to stimulate the economy and … [Read more...]
Federal Reserve Implements Radical New Policy to Keep Interest Rates Low
Federal Reserve Chairman Ben Bernanke announced a radical new policy the Fed will being using. The new policy is getting unprecedented support, but it is so far afield from past policies it may take many off guard. Federal Reserve Bank of Richmond president Jeffrey Lacker was the only … [Read more...]
Should the US Replace Dollars with Coins – Could Save $4.4 Billion
Would reducing paper money help the federal deficit? The House Committee on Financial Services investigated the concept in a Nov. 29 hearing as the Government Accountability Office presented its conclusions that replacing dollar bills with coins would save $4.4 billion over the next … [Read more...]
Government Reports Indicate Rebounding Economy
The Federal Reserve announced Friday August consumer borrowing increased $18.1 billion over July, its highest amount in three months. The figure rebounded from July’s $2.5 billion borrowing drop—the first in almost a year. Not only did borrowing gain in areas of auto loans, credit … [Read more...]
Federal Reserve Paying 0.25% APY on Short-term CDs
Federal Reserve, is offering 0% to 0.25 % APY on short term CDs. The bank has promised to maintain its short-term interest rates until mid-2015. The Federal Open Markets Committee has also recognized that a developed economy will not necessarily inspire the bank to increase its … [Read more...]
