As is well known now, Janet Yellen was confirmed last Monday as Fed Chairman. On its face, this should concern those who desire economic growth. Figure the Fed itself is superfluous. We don’t need a...
One hundred years ago today President Wilson signed the Federal Reserve Act, thus creating the Federal Reserve System, our central bank. It wasn’t called the Bank of the United States, following the...
By William Tucker As still another showdown over the national debt looms, some experts are concerned that the Obama Administration is poised to begin forcing Americans to stock their retirement...
The United States Senate moves toward the confirmation of Janet Yellen, now posited for next January 6th, as chair of the Federal Reserve System. Let us in this moment of recess reflect on eerily...
On Friday, fears of another quarter-end credit crunch drove money-market rates in China sharply higher despite emergency central bank intervention announced Thursday. In the last five business days...
The Federal Reserve announced this week that it will provide $75 billion of quantitative easing (QE) in January, a massive amount, and will provide large though diminishing amounts of additional...
On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated...