by Jane Richey | Jul 18, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
Federal Reserve Chairman Ben Bernanke delivered his annual address to Congress on Tuesday, and he did very little to give lawmakers much confidence about where the U.S. economy is heading. Bernanke told members of Congress that recent economic data points...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Some Federal Reserve Bank presidents and governors are talking about the possibility of further action to encourage growth in the economy. What planet are they on? Fed action can only influence nominal variables at this point in the cycle — not real variables such as...
by Jane Richey | Jun 12, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets, Politics
The recent recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline. The Federal Reserve said the median net worth of families plunged by 39 percent in just...
by Jane Richey | Jun 7, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet. On Jan. 28, 2009, a week after Obama’s nomination, the Fed owned $302 billion...
by Jane Richey | Jun 5, 2012 | Constitutionally Limited Goverment, Free Markets
With five months left until Election Day, Ben Bernanke and the Federal Reserve must weigh whether to launch another round of stimulus that could spur the economy but invite charges of politicking for President Obama. The central bank’s reputation, tested by the...