By Joseph Lawler | 11/14/13 10:36 AM
The U.S. government has saved more than $1 trillion in debt since 2007 because of the actions taken by the Federal Reserve to stimulate the economy, a new report from the McKinsey Global Institute finds. By keeping short-term rates near zero and engaging in large-scale asset purchases known as...
By Joseph Lawler | 11/14/13 05:32 AM
As a star economist and vice chairman of the Federal Reserve since 2010, Janet Yellen had a compelling claim to succeed Ben Bernanke as Fed chairman. But it was political machinations that led to her nomination for the top job.
By Joseph Lawler | 11/14/13 05:13 AM
Is tapering tightening? Janet Yellen may not get that question in those exact words at her confirmation hearing Thursday, but it is one she will have to answer successfully to succeed if she is installed as the chairman of the Federal Reserve early next year.
By Bloomberg News | 11/13/13 04:44 PM
U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to a record, as retailers led gains amid optimism about the holiday shopping season. Emerging market stocks extended the longest slump in seven years while Treasuries advanced and oil rebounded from a five-month low.
By Joseph Lawler | 11/13/13 12:57 PM
Who will begin unwinding the Fed's $85-billion-a-month bond-buying program: Ben Bernanke or Janet Yellen?
By Joseph Lawler | 11/13/13 12:40 PM
Ted Cruz is joining fellow Republican Sen. Rand Paul's bid to get a Senate vote on a bill to audit the Federal Reserve by holding up Janet Yellen's nomination to be Fed chairman. Ahead of Yellen's confirmation hearing on Thursday morning, the Texan said in a statement: "I agree with Rand Paul:...
By Associated Press | 11/13/13 09:39 AM
Oil hovered above $93 a barrel Wednesday after a plunge the day before, when investors worried that U.S. crude supplies remain high and that the Federal Reserve could decide soon to reduce its economic stimulus program.
By Timothy P. Carney | 11/12/13 06:09 PM
A small group of unelected government officials in Washington have the power to bail out banks and other financial institutions, free from budgetary constraints or democratic accountability. Yet insiders don't think the public has any right to know what's going behind the curtain. Sen. Rand...
11/12/13 02:42 PM
Federal Reserve Bank of Atlanta President Dennis Lockhart, who has backed record stimulus, said he wants to see inflation accelerate toward the Fed’s 2 percent goal before the central bank reduces $85 billion in monthly bond purchases.
By Joseph Lawler | 11/12/13 12:14 PM
The Federal Reserve's quantitative easing program is "the greatest backdoor Wall Street bailout of all time," according to one former Federal Reserve official. Writing in the Wall Street Journal's opinion pages, Andrew Huszar says the Fed has made large-scale purchases of Treasury and...
By Byron York | 12/08/13
By Richard Pollock | 12/06/13
By Timothy P. Carney | 12/07/13
By Timothy P. Carney | 11/26/13