Feb 28, 2014
Stocks climb, propelling S & P 500 to a record close, after Federal Reserve Chair Janet Yellen said the central bank would continue tapering its asset purchases while tracking data to figure how much recent softness in the economy is due to weather.
Jan 20, 2014
Lagarde, managing director of the IMF, warns that economic recovery is “fragile” and sees risks of deflation. She believes deflation could reduce personal consumption as people wait for prices to fall further, which could discourage investment.
Jan 16, 2014
It will be up to Yellen, who will take over on February 1, to guide a “measured reduction” in asset-buying this year. Yellen’s first FMOC meeting will be March 19-20. The FMOC reduced it purchase of bonds in January from $85 billion to $75.
Jan 02, 2014
Federal Reserve was created December 23, 1913, and just celebrated its 100th anniversary. The Fed balance sheet just crossed $4 trillion, and total US debt soared to over $17 trillion in December 2013. Fed will taper asset purchases from $85 Billion.
Dec 18, 2013
Fed monetary policy shifts from bond purchases to forward guidance. U.S. stocks surged on Wednesday, with the Dow making a triple-digit climb, after the Federal Reserve said it was beginning curtailing its monetary stimulus.
Dec 16, 2013
Bernanke will attend his last Open Market meeting January 28-29, as Chairman of the Federal Reserve. Janet Yellen is expected to replace him at the March 18-19, 2014 FOMC meeting. Historically the Fed Chairman drafts board monetary policy.
Dec 06, 2013
Unemployment rate declined to 7.0 percent in November, and nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported December 6. The majority of economists believe Fed taper of assets purchases will be in March, 2014.
Dec 02, 2013
Senate Banking Committee voted to approve the nomination of Janet Yellen to be head of the Federal Reserve, and replace Ben Bernanke, whose term ends January 31, 2014. Many assume the full senate will confirm her nomination in a few weeks.
Nov 19, 2013
Netanyahu believes declarations Iran is not seeking a nuclear bomb are as worthless as Hitler’s signature on Neville Chamberlain’s infamous “piece of paper’ in which the leaders proclaimed “their desire never to go to war again”.
Nov 12, 2013
Talks between Iran and the six world powers in Geneva failed to clinch an interim deal on Saturday after France hinted it came short of neutralizing the threat of an Iranian nuclear bomb. Negations between P5+1 will continue on November 20.