Every year around this time, Fed officials from all its regional banks get together for a little retreat in Jackson Hole, Wyoming. The activities (other than talking about how much ink needs to be ordered for the printing press this year) usually include hiking, rafting and other outdoorsy things – and, of course, a meeting [...]
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For some homeowners, that wolf at the door is actually the Federal Reserve: James Currell is struggling to prevent his Minnesota home from being foreclosed. But his lender isn’t a bank. It is the U.S. government. The Federal Reserve Bank of New York is facing the prospect of foreclosing on a number of properties in [...]
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It’s hard to call this place LOLFed without posting about the Fed on occasion, so here is your Perfunctory Fed Meeting Post! Assuredly, today’s denouement of their two-day meeting will result in the following excitement: Cautious optimism Key lending rates close to ZIRP A pledge to keep the aforementioned lending rates there for an “extended [...]
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Ben Bernanke has a lot of stuff on his mind. Between telling Congress to “stop spending more money than we have – just not right now” and playing the role of AIG’s cheerleader in front of the US house, we have always just assumed he finds time to run the printing press, even though that [...]
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All eyes are upon the impressively-bouffanted Chris Dodd, as the lame-duck Senator unfurls his version of financial reform today. Dodd, who has in the past said such unflattering things about the Fed as “abysmal failure” and “smells like cheese,” is seeking to make amends with a belated Valentine’s Day present that rewards past absymal failure [...]
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