Following a lack of liquidity on Wall Street, which necessitated the Federal Reserve having to provide $53 billion on Tuesday and another $75 billion on Wednesday to normalize overnight lending in the repo market, the Chairman of the Fed, Jerome (Jay) Powell held his press conference at 2:30 p.m. yesterday. The press gathering followed both […]
The Fed Intervened in Overnight Lending for First Time Since the Crash. Why It Matters to You…
Yesterday felt a little like that scene from the 1946 movie “It’s a Wonderful Life” starring Jimmy Stewart. There’s a run on Stewart’s bank because his absent-minded Uncle Billy loses the cash he was sent off to deposit on behalf of the bank. The bank examiners discover there’s money missing and rumors spread. The rumors […]
Bonds, Stocks, & Bullion Battered as Powell Shrugs Off Liquidity Crisis…
Fed Cuts Rates, Cites Weakening Exports and Low Inflation…
The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points, citing weakening exports and low inflation. The reduction, which lowered the federal funds rate to a range of 1.75 percent to 2 percent, was the central bank’s second in as many meetings. In July, the Fed lowered rates for the first […]
Trump Blasts Fed Chief Powell: No Guts, No Sense, No Vision!…
Michelle Malkin to Trump: ‘Shut Down’ Federal Reserve Remittance Program for Illegal Aliens…
During an interview with SiriusXM Patriot’s Breitbart News Daily, Malkin detailed how the Federal Reserve actually aids illegal aliens living in the United States through a federal remittance program, included in her latest book, Open Borders, Inc: Who’s Funding America’s Destruction? “I was working on a section in Chapter One which is on the caravan […]
Open Borders Inc.: Who’s Funding the Wicked War on ICE?…
Here’s the Proof the Federal Government Is Overtly Lying to the Public about Wall Street’s Derivatives…
Based on every meaningful investigation into the epic financial crash of 2008 that resulted in the worst economic crisis in the U.S. since the Great Depression, derivatives that were concentrated at Wall Street’s largest banks played a central role in the crisis. And yet, 11 years later, neither Federal regulators nor Congress have meaningfully reined […]
POWELL: FED IS NOT FORECASTING OR EXPECTING RECESSION…
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth. Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the U.S. stands now, even while much of the rest of the world weakens. “The Fed […]
Federal Reserve Bank’s ‘Myth of Political Neutrality’ Is Now Dead and Gone…
With remarkably little fanfare, an enduring progressive political fairytale has been debunked by an insider. The Federal Reserve System was created in 1913 under progressive president Woodrow Wilson, as one of those supposedly politically neutral federal bureaucracies run by technocrats in the interest of the greater good. It was to take monetary policy decisions out […]
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