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Central Bank

The Instant Solution to the New Depression: Debt-free Money

Scott Baker | Posted 08.04.2012 | Business
Scott Baker

Shouldn't money have some relation to actual wealth? Isn't wealth not just numbers on a screen, but something like those things and services that meet human desires, produced by labor and using the fruits of the Earth?

Deflation Isn't the Enemy

Michael Pento | Posted 07.24.2012 | Business
Michael Pento

We now have entire nations which have become insolvent. It would be very difficult to argue that having a banking crisis is better than enduring a sovereign debt crisis, especially since much of the assets banks hold is sovereign debt.

Bernanke: Fed Responded To Crisis With 'Best Of Bad Options'

AP | MARTIN CRUTSINGER | Posted 06.13.2012 | Business

WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the larges...

Turning Foreclosures Into Rentals, The Federal Reserve Way

AP | Posted 04.06.2012 | Business

WASHINGTON -- The Federal Reserve has issued policy guidelines for banks turning foreclosed homes they own into rentals, a trend that could help boost...

Markets Wake Up to Central Banks' Complicated Tradeoffs

Mohamed A. El-Erian | Posted 06.05.2012 | Business
Mohamed A. El-Erian

This week's market action serves as a vivid reminder of how dependent valuations are on central bank policies. The question for markets thus boils down to whether central banks will do more; and the issues these institutions face are extremely and increasingly complex.

Bernanke: Gold Standard 'The Reverse Of What A Central Bank Would Normally Do'

Reuters | Posted 05.20.2012 | Business

WASHINGTON, March 20 (Reuters) - Federal Reserve Chairman Ben Bernanke on Tuesday took aim at proponents of the gold standard, saying that such a sy...

Zach Carter

Wall Street Speculation Drove Oil Price Spike Higher, Federal Reserve Study Finds

HuffingtonPost.com | Zach Carter | Posted 03.21.2012 | Business

WASHINGTON -- Two economists at the St. Louis Federal Reserve have published findings that indicate that Wall Street speculation is responsible for 15...

Island Nation Downgrade To Junk

AP | Posted 05.13.2012 | Business

NICOSIA, Cyprus — International credit ratings agency Moody's downgraded euro member Cyprus to junk status Tuesday on heightened concerns over i...

Teen Allegedly Takes Mom's Car, Robs Two Bank At Drive-Through Window

Posted 02.26.2012 | Crime

This kid needs to be grounded. A 16-year-old Utah teenager, who lives in Orem, allegedly took his mother's car and robbed two banks Saturday at the...

Political Economy In a Bad Economy

Otaviano Canuto | Posted 03.26.2012 | World
Otaviano Canuto

As the world struggles to recover from the financial crisis, developing and developed countries alike depend on effective finance ministries and their associated central finance agencies (CFAs) to help deliver good fiscal outcomes.

Ben Bernanke: Federal Reserve Not 'Out Of Ammunition' Yet

AP | By MARTIN CRUTSINGER | Posted 01.25.2012 | Business

WASHINGTON -- The Federal Reserve's announcement that it is unlikely to raise its benchmark interest rate until late 2014 is simply its "best guess," ...

Swiss Central Bank Chief To Break Silence Over Insider Deals

AP | FRANK JORDANS | Posted 03.06.2012 | Business

ZURICH — The Swiss National Bank chief denied any wrongdoing Thursday and said he had no plans to resign over private currency deals that produc...

U.S. Housing Market Expected To Expand As Euro Crisis Threat Looms

Posted 12.19.2011 | Business

The U.S. housing market, once the epicenter of the global financial collapse that spawned today's European debt crisis, is on the verge of deliver...

China Slowdown Spreading To Services Sector

Posted 12.05.2011 | Business

China's services sector cooled in November to its weakest growth in three months, an HSBC purchasing managers' index showed on Monday, the latest ...

Retail Groups Sue Fed Over Debit Swipe Fee Rule

AP | EILEEN AJ CONNELLY | Posted 01.22.2012 | Business

NEW YORK — A coalition of retail groups sued the Federal Reserve on Tuesday, claiming the regulator ignored the law by setting too high a cap on...

IMF Warns China To Act Quickly To Avoid Real Estate, Other Asset Bubbles

Posted 11.15.2011 | Business

China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood...

Stagflation Risk and What This Means for Stocks

Gemma Godfrey | Posted 12.19.2011 | Business
Gemma Godfrey

As the outlook for growth continues to deteriorate, whilst the price for goods and services remain stubbornly high, the risk of stagflation returns. This would be a tough scenario, where policy options tackling one of these issues would only worsen the other.

Goldman Ordered To Hire Consultant To Review Mortgage Loans

Posted 11.01.2011 | Business

NEW YORK (Lauren Tara LaCapra) - The U.S. Federal Reserve ordered Goldman Sachs Group Inc to hire a consultant to review practices of a former mor...

Banks Unlikely To Get Higher Debit Card Fee From Retailers

Posted 08.29.2011 | Business

WASHINGTON (Dave Clarke) - Banks are hoping to win at least a small reprieve from the Federal Reserve on Wednesday when the central bank releases ...

Austrian Economics and Modern Monetary Theory

Robin Koerner | Posted 08.20.2011 | Business
Robin Koerner

As the disastrous consequences of loose money, central banking and a fractional reserve system have become obvious, many citizens have discovered some...

Fed Wants Broad Group Of Banks To Provide Annual Finance Details

Posted 08.10.2011 | Business

WASHINGTON (AP) — The Federal Reserve wants a broader group of banks to provide details each year about their finances, part of an effort to ensure ...

Gold May Glitter But Can It Deliver?

Gemma Godfrey | Posted 07.13.2011 | Business
Gemma Godfrey

The classic safe-haven investment has seen a strong uptrend in value since the autumn of 2008. Various factors have been credited as drivers of this move, but what is the risk gold could lose its luster?

China: Be Careful What You Wish for

Robert Kuttner | Posted 07.02.2011 | Business
Robert Kuttner

Consumer prices are flat in substantial part because China sends us so much stuff, dirt cheap. But all that may be changing, and the change will be a mixed blessing.

Fed Official: High Unemployment Isn't Inevitable After Bubbles Collapse

Posted 05.25.2011 | Business

The collapse of an asset bubble will not necessarily lead to higher unemployment as long as monetary policy is loose enough, a top Federal Reserve...

Federal Reserve Earns Record Profits, Largely From Investments In Economy, Banks

Reuters | Posted 05.25.2011 | Business

The Federal Reserve earned a record $81.7 billion in 2010, largely on investments made to help the economy and banks weather the 2007-2009 financi...