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Federal Reserve Policy

Central Bankers Considering Larry Summers' Desperate Idea For Ending The Depression

The Huffington Post | Mark Gongloff | Posted 11.20.2013 | Business

If you think people who save money are being punished by low interest rates, wait until they have to deal with negative interest rates. Slashing ra...

Next In Line For Bernanke's Job Is Going To Have It Tough

Reuters | Posted 01.23.2014 | Business

* U.S. central bank adopting series of policy guidelines * Next on agenda: economic thresholds to guide rate hikes * Bernanke expected to st...

Mark Gongloff

WEAK: Fed Does Absolute Bare Minimum For Economy | Mark Gongloff | Posted 06.20.2012 | Business

The Federal Reserve is failing to achieve both of its legally mandated goals, full employment and stable prices. And yet it chose on Wednesday to do t...

A Hundred Billion Here, a Hundred Billion There

Mitch Feierstein | Posted 07.28.2012 | Business
Mitch Feierstein

Last week the Financial Times ran a piece which opened thus: "Greece's banking system is being propped up by an estimated €100 billion provided by the country's central bank -- approved secretly by the European Central Bank." The news barely made it into the U.S. press.

The Bull Market That No One Believes

Mitch Feierstein | Posted 05.12.2012 | Business
Mitch Feierstein

It might not feel that way to you, but we've just lived through one of the greatest bull markets in history. Almost exactly three years ago, the S&P 500 stood at 683, a decline of more than half from its highs of 2007.

Gasoline Without Cost, Spin Without End

Mitch Feierstein | Posted 05.01.2012 | Business
Mitch Feierstein

If the country is faced with an impending spike in the price of its most important resource, the government's monetary authorities should be seeking to ameliorate or counteract its effect -- yet they're doing the exact opposite.