In an emergency move on Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing. Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program: The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity … Read more
If the U.S. economy is really the “best economy ever” as Trump likes to claim, why did the Fed just lower interest rates for the first time since 2008 in the throes of the Great Recession in order to juice the economy? The Fed cut rates for the first time since 2008: The Federal Reserve … Read more
Donald Trump has been trying to capture the Federal Reserve Board by appointing his political cronies to the board to do his bidding. This is a threat to the stability of the world’s financial system. Today, Herman “9-9-9” Cain withdrew his name from consideration for a seat on the Federal Reserve Board, a development President … Read more