House Freedom Caucus Opposes Bank Bailouts
The House Freedom Caucus said in a statement on Monday that they oppose bailing out the banking industry for what should be considered a failure of regulators not to see the coming crisis.
Federal Reserve - Page 11
Elizabeth Warren: Fed Chair Powell ‘Took a Flamethrower’ to Bank Regulations
Senator Elizabeth Warren (D-MA) said Sunday on NBC’s “Meet the Press” that Federal Reserve Chair Jerome Powell “took a flamethrower to the regulations” on banks.
Harvard Prof., Fmr. IMF Economist Rogoff: San Fran Fed Didn’t Know About SVB’s Problems, But Likely Knew ‘Their Carbon Footprint’
On Friday’s broadcast of CNN International’s “First Move,” Harvard University Economics Professor and former Chief Economist at the International Monetary Fund Ken Rogoff wondered how the San Francisco Federal Reserve didn’t know about the problems inside Silicon Valley Bank and
Breitbart Business Digest: Banks Rush to the Fed for Liquidity
As of March 15, the level of borrowings from the Federal Reserve’s liquidity and credit facilities had risen nearly 2,000 percent from the prior week.
Philly Fed Manufacturing Survey Remains Deeply Depressed, in Contraction for Seventh Straight Months
Manufacturing activity in the Philadelphia area declined again in March, the Federal Reserve Bank of Philadelphia said on Thursday.
Goldman Sachs: Likelihood of U.S. Recession Increases to 35% on Bank Stress
The chances of the United States falling into a recession in the next 12 months have increased to 35 percent because of the “near-term uncertainty around the economic effects of small bank stress,” Goldman Sachs warned Thursday.
Fmr. Obama Treasury Official Rattner: February CPI ‘Not a Good Thing’ for Getting Inflation to Goal, ‘What the Fed Really Looks at’ ‘Is Rising’
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve “really looks at” is “rising and that is not
Breitbart Business Digest: The Fed Is Not Done Hiking Rates
It seems very unlikely that the Federal Reserve will end its rate hike cycle.
Harvard Prof., Fmr. IMF Economist Rogoff: ‘There Will Probably Be More Accidents’ as Fed Raises Rates to Fight ‘Deeply Embedded’ Inflation
On Tuesday’s broadcast of CNN International’s “One World,” Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff argued that “inflation’s deeply embedded in the rest of the economy.” And the Federal Reserve will have to keep
Moody’s Chief Economist: ‘Hot’ Inflation Data Demands Rate Hike, But We Have to Pause to Avoid Stressing Banks
On Tuesday’s broadcast of CNN International’s “First Move,” Moody’s Analytics Chief Economist Mark Zandi stated that the February inflation report does justify a hike in interest rates because inflation is “still a little on the hot side.” But, given the
Fmr. Obama Treasury Official: ‘Large Corporations’ Who Banked with SVB Getting a Taxpayer ‘Bailout’ After Fed Failed to Oversee SVB
On Monday’s “CNN Newsroom,” Deputy Assistant Secretary for Economic Policy at the Department of Treasury during the Obama administration and Brookings Institution Senior Fellow Aaron Klein stated that there were bailouts of the depositors of Silicon Valley Bank (SVB) and
Federal Reserve to Conduct Review of Silicon Valley Bank Failure
The Federal Reserve on Monday announced plans to conduct an internal review of the oversight of Silicon Valley Bank (SVB) after the bank’s abrupt failure last week.
Carney on ‘Kudlow’: ‘We Could Be on Tenterhooks All Week’ to See if Other Banks Collapse
“We could be on tenterhooks all week waiting to see who else is getting taken out,” Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Carney on ‘Kudlow’: A Bailout Could Deepen Panic
Breitbart Economics Editor John Carney said in an interview on Saturday on Larry Kudlow’s eponymously named radio show that a government bailout of the collapsed Silicon Valley Bank could deepen the panic.
Joe Biden Takes Credit for Creating Lending Invention to Backstop Banks After Meltdown
President Joe Biden on Sunday took credit for creating a new lending mechanism to backstop banks after the banking meltdown over the weekend in which two banks collapsed due in part to increased interest rates meant to tamp down Biden’s soaring inflation.
Fed, Treasury, and FDIC Announce Actions to Backstop Banks After Silicon Valley Meltdown
The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank. Treasury Secretary Janet Yellen approved measures to resolve the failure of Silicon Valley Bank “in a
Summers: There’s Not Much ‘Evidence of a Basic Downwards Trend in Inflation’ and Fed ‘Has Considerably More Work to Do’
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that “we don’t have a
Carney on ‘Kudlow’: Silicon Valley Bank’s Failure Signals the End of the ‘Cheap Money Ecosystem’ Fueling CA Tech Start-Ups
The “cheap money ecosystem” that fed the tech start-up culture has come to an end with the Federal Reserve raising interest rates to curb inflation, and the failure of Silicon Valley Bank might be the first domino to fall among California-based financial institutions, Breitbart Economics Editor John Carney said in an interview Friday with Fox Business host Larry Kudlow.
Chris Whalen: Collapse of Silicon Valley Bank ‘Goes to the Feet of Jerome Powell’ and Federal Reserve
Chris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank (SVP) in a Friday interview on Forward Guidance with host Jack Farley.
Breitbart Business Digest: The Odds of a Bigger Rate Hike Are Growing
The market’s expectations for the rate hike coming out of the March meeting of the Federal Open Market Committee (FOMC) moved violently on Tuesday as the Fed chief testified before the Senate Banking Committee.
Sen. Bob Menendez: Biden Has Chosen Not to Appoint Latinos to the Fed
Sen. Bob Menendez (D-NJ) used a Senate Banking Committee hearing with Federal Reserve Chair Jerome Powell to excoriate President Joe Biden for not appointing more Latinos to the Federal Reserve board.
Fed Chair Powell Says Rates Headed to Higher Peak, Maybe at Faster Pace
Hotter than expected data has forced the Fed to rethink the pace and peak of interest rates.
Summers: Progressive Pressure on Fed Nominations Will Raise Mortgages, Hurt Those Progressives Want to Help
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that public pressure by progressive
Breitbart Business Digest: Progress on Inflation Has Stalled as Demand for Services Stays Strong
The services sector index for February shows that progress on inflation has definitely stalled as demand for services remains strong.
Fed Speech Canceled After Porn Zoom Bomb
A highly anticipated speech by Fed Governor Christopher Waller was scrapped after a participant in the Zoom call started showing porn to the audience.
Carney on ‘Kudlow’: The Fed Has Been Fueling Inflation and May ‘Chicken Out’ from Fighting It
The Federal Reserve officials may “chicken out” from raising interest rates at their next meeting, Breitbart Economics Editor John Carney told Fox Business’ Larry Kudlow.
Breitbart Business Digest: Inflation’s Surge Shows the Fed Got It Wrong
The personal consumption expenditure data released Friday confirmed the January inflationary boom.
Jobless Claims Unexpectedly Tumble Again: Sixth Straight Week Below 200,000
The Fed’s policy stance increased looks like it is “insufficiently restrictive” to rein in demand for labor.
Breitbart Business Digest: 50-Year-Old ‘Confidential’ Fed Memo Reveals Secret Debt Ceiling Escape Hatch
A formerly-confidential memo from half a century ago suggests that the Federal Reserve may have a failsafe in the event of a protracted debt ceiling fight.
Fed Believes It Has More Work To Do To Tame Inflation
The Fed wants to see inflation on a sustained path downward.
Market Now Sees Fed Going Higher as Inflation Proves Tougher To Tame
Following a week of data showing unexpectedly resurgent inflation, fed funds futures contracts now indicate the Federal Reserve will hike its target rate up by half a percentage point in the coming months.
Carney on ‘Kudlow’: The Fed Is Going to Monetize the Debt to Pay for Biden’s Spending Spree
The Federal Reserve is going to have to monetize the national debt to finance it, Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlow’s eponymously named Fox Business show.
Breitbart Business Digest: A Labor Shortage at the White House
President Biden is planning to tap Federal Reserve Vice Chair Lael Brainard to serve as director of the National Economic Council, according to a Wall Street Journal report.
Fed Governor Bowman: Ongoing Rate Increases Necessary to Fight Unacceptably High Inflation
The Federal Reserve is likely to have to keep raising interest rates to a “sufficiently restrictive level” to bring down inflation, Federal Reserve Governor Michelle Bowman said Monday. “I expect that ongoing increases will be appropriate to bring the federal
Lawrence Lindsey: Fed’s Powell Delivered ‘Most Counterproductive Press Conference’ in Memory
Former Federal Reserve governor and chief executive officer at The Lindsey Group Lawrence Lindsey said Monday on CNBC’s “The Exchange” that Fed Chair Jerome Powell had the “most counterproductive press conference” while announcing the Federal Reserve raised its benchmark interest rate by a quarter point.
‘We Are Not Done’ – EU Central Bank Warns of More Interest Rate Hikes After March
FRANKFURT, Germany (AP) – The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.
Tighter and Tighter: Jobless Claims Fall Again as ‘Extremely Tight’ Labor Market Rolls On
Fed chairman Jerome Powell described the labor market as extremely tight. Jobless claims indicate that it may be getting even tighter.
EU Central Bank Set to Outdo U.S. Fed with Interest Rate Hike
FRANKFURT, Germany (AP) – The European Central Bank is set for another large interest rate increase to fight painfully high inflation even after the U.S. Federal Reserve slowed its pace, a divergence that underlines Europe’s later start and could speed the euro’s rebound from recent lows against the dollar.
Fed Hikes Benchmark Rate by 25 Basis Points, Signals More Increases to Come
The Fed’s benchmark rate is now the highest it has been since 2007.
U.S. Inflation and Consumer Spending Cooled in December — Prices up 5% from Last Year
The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
