Category Archives: Federal Reserve

The Fed’s Unwinding

Economists debate the Fed’s plan to shrink its balance sheet.

Why Is The Fed Raising Interest Rates As Fast As It Is?

Musing on why the Fed is so eager to raise interest rates.

Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka

The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.

Crisis Revisionist History: Redating of Onset to Make Behind the Curve Central Bankers Look Better

It would be nice if people who made pronouncements about the financial crisis knew what they were talking about.

Let’s Face It: Monetary Policy Is Failing

Why one of the core precepts of monetary economics is all wet, yet central bankers rely on it even when it keeps failing in practice.

Gerald Epstein: If Yellen is Out, What’s Next for the Fed?

Fed Chair Janet Yellen dodged a recent question about whether she’d accept a second term–although it’s unlikely Trump will re-appoint her.

Ben Bernanke, in Denial? “When Growth is Not Enough”

Bernanke is selling the idea that things aren’t that bad….which is true if you are in the top 20%, which he also kinda acknowledges…

Mr. Market Starts to Question Trump Trade Delusion

A look at the “Trump trade” pearl clutching yesterday.

Bill Black: Dodd-Frank Was Designed to Fail – and Trump Will Make it Worse

More confirmation that Dodd-Frank was never intended to do more than make marginal changes in bank regulation to forestall real reform.

President of Richmond Fed Leaks Insider Information and Gets to Walk Free

Bill Black discusses the travesty of the kid glove treatment of former Richmond president Jeffrey Lacker in a leak of FOMC information.

Richmond Fed’s Jeffrey Lacker Departs Due to Leak: Defenestration as Coverup?

In a stunning development, Richmond Fed president Lacker resigned over a leak under investigation since 2012. The details are not pretty.

Commercial & Residential Real Estate Bubble Again a Risk to Financial Stability; Fed’s Rosengren Worried

Real estate is again looking like a ticking time bomb. At super low interest rates, pray tell what does the Fed do if it blows up again?

Bill Black: New York Times’ Andrew Ross Sorkin Tries to Make Hank Paulson a Hero

As part of reviewing Obama’s legacy, Bill Black eviscerates how Sorkin’s book tried to exhonorate Hank Paulson for his crisis performance.

The Fed in an Age of Uncertainty

How uncertainty over the wisdom of the Fed starting to tighten in 2017 and its reading of Trump policies might impact other economies.