Search Result for “Ben Bernanke”

It is not uncommon to hear people in the streets, on blogs, or on talk radio arguing that the gangs of Wall Street should have been jailed — or even hung — for their crimes against the American people. But to hear that kind of talk from a former Federal …
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In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion …
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Is the corporate media-generated hysteria over what appears to be a normal influenza virus happenstance? I certainly don’t claim to be a financial wizard. In fact, at best, I have a rudimentary understanding of how the convoluted funny money economy works. However, you don’t need to fully comprehend the ins-and-outs …
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The central bank is finally admitting what most of us have known for some time now.  The Fed is fueling the asset bubble and pumping a lot of money into a “booming” economy.  As Bloomberg’s Richard Breslow details in today’s note, the worst kept secret in the financial world is now …
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Obama knows Democrats will lose next November if they keep pushing socialism as a campaign objective. Americans on the coasts may support a command economy, control freak regulations, legalized theft—larger theft than now—and a braindead wad of social justice idiocy that is predicated on racism and sexism, but all of …
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Former Federal Reserve official Bill Dudley’s recent op-ed calling for the Federal Reserve to implement policies that will damage President Trump’s reelection campaign states that such action would be unprecedented. Dudley claims the Federal Reserve bases its policies solely on an objective evaluation of economic conditions. This is an example …
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“I would like to say to Milton and Anna [co-author of A Monetary History of the United States, 1867–1960]: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” Federal Reserve Chairman Ben Bernanke, acknowledging the central bank’s role in …
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Even though there is a tremendous amount of evidence to the contrary, the Federal Reserve continues to insist that the U.S. economy is in good shape.  On Wednesday, Federal Reserve Chair Jerome Powell told the nation that “the economy has performed relatively well” in 2019 and he insisted that “the baseline outlook …
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Usually, the Federal Reserve is extremely hesitant to say that an economic slowdown is taking place. Now, they’re coming out and saying it.
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Even mainstream economists are admitting that economic activity is slowing down.
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