iOS app Android app

The Fed

Can The Democratic Platform Really Change The Future of American Banking?

Richard (RJ) Eskow | Posted 07.08.2016 | Politics
Richard (RJ) Eskow

As our nation's central bank, the Federal Reserve exerts tremendous control over our nation's banks. Unfortunately, it is also largely controlled by them. Too often, it fails to reflect the will of the people whose representatives created it.

How Janet Yellen Is Embracing The Fed's Role In Racial Justice

The Huffington Post | Daniel Marans | Posted 06.22.2016 | Business

Oh, what a difference a year can make. Last July, Federal Reserve chairwoman Janet Yellen endured criticism for House testimony in which she seemed to...

The Federal Reserve Leaves Key Interest Rate Unchanged Amid Slower Job Growth

The Huffington Post | Daniel Marans | Posted 06.15.2016 | Business

The Federal Reserve announced on Wednesday that it will keep its benchmark interest rate at current levels in response to lackluster job creation in r...

Weak Job Numbers Will Delay Fed Rate Hikes

Dean Baker | Posted 06.06.2016 | Politics
Dean Baker

The weak employment report for May should eliminate any possibility that the Federal Reserve Board will raise interest rates at its June meeting next week. At least for this purpose, the bad news is good news. But we should still be asking why the Fed has its finger on the trigger in the first place.

The Savings Rate Also Rises...

Michael Farr | Posted 05.19.2016 | Business
Michael Farr

Late last week we learned that Personal Income rose at a respectable pace of +0.4% in March, exceeding the consensus estimate of +0.3%. As has become a recurring theme, though, the pace of consumer spending was unable to keep up with the growth in income.

Hillary Clinton Embraces Progressive Federal Reserve Reforms

The Huffington Post | Daniel Marans | Posted 05.12.2016 | Politics

Democratic hopeful Hillary Clinton came out in favor of changes to the Federal Reserve that would reduce the number of bankers in key central bank pos...

Elizabeth Warren, Democrats Slam The Fed's Lack Of Diversity

The Huffington Post | Daniel Marans | Posted 05.12.2016 | Politics

A majority of House Democrats and eleven Democratic senators sent a letter to Federal Reserve Chair Janet Yellen on Thursday, urging the Fed to improv...

How (Not) To Prevent The Next Big Financial Bubble

The Huffington Post | Daniel Marans | Posted 05.05.2016 | Business

The Federal Reserve should not increase interest rates in order to deflate financial asset bubbles, two progressive economists argue in a policy brief...

What The Federal Reserve Would Look Like If Progressives Had Their Way

The Huffington Post | Daniel Marans | Posted 04.12.2016 | Politics

A new progressive proposal for reforming the Federal Reserve would turn the central bank into an entirely public institution. Reform advocates argue...

The Economy Is All Right -- For Now, Fed Chairs Say

The Huffington Post | Daniel Marans | Posted 04.13.2016 | Business

NEW YORK -- The Federal Reserve has changed a lot in recent decades. From the late 1970s to the mid-1980s, the Fed was an agent of tough love that rai...

Behind the Curve?

Michael Farr | Posted 04.07.2016 | Business
Michael Farr

The best advice we can offer equity investors during the course of this transition is to stick with quality, balance-sheet strength and strong management teams. There will come a time to get more aggressive, but the wait may be longer than most think.

The U.S. Economy isn't Prepared for Higher Rates

Harmel S. Rayat | Posted 03.29.2016 | Business
Harmel S. Rayat

The Federal Reserve is entitled to its opinions. But when its opinions and actions lead to chaos, it's a bit tough to take them seriously. It was Ju...

Janet Yellen Tells Senate To Stop Stalling On Fed Nominees

The Huffington Post | Daniel Marans | Posted 03.16.2016 | Politics

It's not just judicial appointments -- the Senate has declined to hold hearings for two potential Federal Reserve leaders for more than a year, and Fe...

The Federal Reserve Holds Off On Interest Rate Hike

The Huffington Post | Daniel Marans | Posted 03.16.2016 | Business

The Federal Reserve announced on Wednesday that it is leaving its benchmark interest rate unchanged, a move designed to encourage recently robust job ...

Hillary Clinton Wants To Bring Back The '90s Economy. Here's What She's Missing.

The Huffington Post | Daniel Marans | Posted 03.14.2016 | Politics

Hillary Clinton is pointing to the economic growth during her husband's presidency in the late 1990s as a model for her own economic plans. The period...

Sanders' Plan To Reform The Fed Exposes A Democratic Rift On Wall Street

The Huffington Post | Daniel Marans | Posted 12.30.2015 | Politics

The Federal Reserve is becoming the focal point of a longstanding divide between more business-friendly Democrats and the party’s populist branch ov...

Why The Fed's Rate Hike Will Hit Black People Harder Than Whites

The Huffington Post | Daniel Marans | Posted 12.18.2015 | Black Voices

The Federal Reserve’s decision to raise its benchmark interest rate on Wednesday is bad news for black workers. The move is expected to put downward...

How The Fed May Have Just Made It Harder For Democrats To Take The White House

The Huffington Post | Daniel Marans | Posted 12.18.2015 | Politics

The Federal Reserve’s decision to raise its key interest rate on Wednesday could hurt the Democratic Party’s chances of winning the presidency in ...

The Fed Raises Key Interest Rate, Potentially Slowing Job Market Growth

The Huffington Post | Daniel Marans | Posted 12.17.2015 | Business

WASHINGTON -- The Federal Reserve announced Wednesday that it is raising its benchmark interest rate, putting downward pressure on job creation in ord...

Why These Progressives Want To Stop The Fed From Raising Interest Rates

The Huffington Post | Daniel Marans | Posted 12.02.2015 | Politics

The Federal Reserve is poised to raise its benchmark interest rate later this month. But advocates of full employment on Tuesday once again warned tha...

The Fed Just Can't Stop Hiring Former Goldman Sachs Bankers

The Huffington Post | Ben Walsh | Posted 11.10.2015 | Politics

The Federal Reserve is in a bit of a rut -- it keeps hiring former Goldman Sachs executives. On Tuesday, the Minneapolis Fed named Neel Kashkari as it...

Solid Jobs Report Will Likely Lead the Fed to Raise Next Month... But What About After That?

Jared Bernstein | Posted 11.06.2015 | Politics
Jared Bernstein

The nation's employers added 271,000 jobs in October, and the unemployment rate ticked down slightly to 5 percent in a solid report on labor market conditions. Wages grew 2.5 percent over the past year, their strongest yearly performance since the recession officially ended in June 2009.

What You Need to Know About the October Jobs Report

Chad Stone | Posted 11.05.2015 | Politics
Chad Stone

No one knows how tomorrow's October jobs report will affect Federal Reserve policymakers' views about whether to start raising interest rates in December. But here are some things to consider in assessing whether the job market is making the "continued progress toward maximum employment" that the Fed wants to see.

Black Unemployment Is Too High. Here's How The Fed Can Change That.

The Huffington Post | Daniel Marans | Posted 11.01.2015 | Business

Progressives often argue that Federal Reserve policies that prioritize full employment can especially benefit African-Americans. As economic growth lo...

Bernanke: More Execs Should Have Faced Prosecution For 2008 Financial Crisis

Reuters | Kelly Chen | Posted 10.05.2015 | Politics

WASHINGTON, Oct 4 (Reuters) - Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate execu...