Dec 20 The Fed’s ‘Great Unwind’: It had to start somewhere By Jon Shayne Merle Hazard performs "The Great Unwind." This is not our typical post; it's an economics music video. If you saw what the Fed did this week -- or even if you didn't and want to know what the big… Continue reading
Dec 20 The Fed’s ‘Great Unwind’: It Had to Start Somewhere By Jon Shayne Merle Hazard performs "The Great Unwind." This is not our typical post; it's an economics music video. If you saw what the Fed did this week -- or even if you didn't and want to know what the big… Continue reading
Dec 20 Are the Fed and the Treasury in cahoots? Why is one arm of the government buying loans from another? The U.S. government isn't a monolith, former Fed economist Catherine Mann explains, and the Fed is often a counterweight to what's happening in the rest of the government. Photo… Continue reading
Dec 20 Are the Fed and the Treasury in Cahoots? Why is one arm of the government buying loans from another? The U.S. government isn't a monolith, former Fed economist Catherine Mann explains, and the Fed is often a counterweight to what's happening in the rest of the government. Photo… Continue reading
Dec 19 How young newsmakers helped shape the world in 2013 Pope Francis and NSA leaker Edward Snowden can argue over who rightly deserves the title "Person of the Year," but many of the year's big stories involved younger people. From drone strikes and cutting edge medical research, to Hollywood… Continue reading
Dec 19 Disappointing unemployment and housing data follow Fed’s vote of confidence in economy Photo by Emile Wamsteker/Bloomberg via Getty Images. Disappointing unemployment and housing reports released Thursday initially depressed stocks after Wednesday's rally. Initial claims for state unemployment benefits rose to 379,000 last week -- almost a nine-month high, according to the… Continue reading
Dec 19 What happened to the Fed’s trillions? They’re back on deposit…at the Fed! In addition to announcing the beginning of tapering, the Fed on Wednesday strengthened their commitment to keeping the federal funds rate low. File photo courtesy of Jason Reed/Reuters. While the Fed decided Wednesday to begin gradually unwinding their purchase… Continue reading
Dec 19 Data from 40 million credit and debit cards used at Target may be compromised By News Desk Shoppers wait in line at Target on the Thanksgiving Day holiday in Burbank, California, November 22, 2012. Photo by Photo by Jonathan Alcorn/Reuters Between Nov. 27 and Dec. 15 data from 40 million credit and debit cards might… Continue reading
Dec 19 What Happened to the Fed’s Trillions? They’re Back on Deposit…at the Fed! In addition to announcing the beginning of tapering, the Fed on Wednesday strengthened their commitment to keeping the federal funds rate low. File photo courtesy of Jason Reed/Reuters. While the Fed decided Wednesday to begin gradually unwinding their purchase… Continue reading
Dec 18 Inside the sanctum: How the Fed’s Open Market Committee decides what to do By Paul Solman // In March of 1994, Paul Solman simulated a meeting of the Fed's inner sanctum, the Open Market Committee, with former Fed members. The segment aired on March 23. The day before, the FOMC voted to raise short-term interest rates… Continue reading