Hot Air » Federal Reserve

Hey, let’s avoid the debt-ceiling standoff by minting a trillion-dollar platinum coin instead

Allahpundit — Fri, 04 Jan 2013 21:23:16 +0000

Solutions.

Words cannot express my excitement that this banana-republic idea is now being taken seriously enough to attract vocal support from a sitting Democratic congressman. If you’re looking for a way to convince the public that the left has no interest whatsoever in reducing spending before we face a fiscal meltdown, you can’t do better than [...]

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Bernanke: Who’s up for a ride on the QE3?

Ed Morrissey — Fri, 31 Aug 2012 16:41:03 +0000

“The economic situation obviously is far from satisfactory."

Fed chair Ben Bernanke stopped just short of calling for a third round of quantitative easing in a speech this morning, but there isn’t much mystery now as to whether the Fed will intervene. The only question is when: The Federal Reserve chairman, Ben S. Bernanke, delivered on Friday a detailed and forceful argument for [...]

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House votes to audit the Federal Reserve

Erika Johnsen — Wed, 25 Jul 2012 21:21:59 +0000

Ron Paul will be pleased.

If one cannot “end the Fed,” one can instead go for what is perhaps the next best thing and legislatively instigate an independent audit to examine the Federal Reserve’s many questionable financial decisions since the 2008 financial crisis — and Ron Paul just did. “Since the 2008 financial crisis, the Fed has tripled its balance [...]

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Weekly initial jobless claims drop to 350K, but …

Ed Morrissey — Thu, 12 Jul 2012 13:21:42 +0000

... don't pass the bubbly just yet.

Plenty of news on the economic front today, most of it poor, but one significant bright spot did shine this morning — at least for a moment or two. The Department of Labor reported that initial jobless claims dropped last week by 26,000 to a four-year-low 350,000: In the week ending July 7, the advance [...]

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Four-week jobless claim average hits new high in 2012

Ed Morrissey — Thu, 21 Jun 2012 14:01:57 +0000

Fed twists on economic projections.

The news today from the Department of Labor wasn’t terribly dramatic, in and of itself. Once again, weekly initial jobless claims dipped, but only because the previous week’s dip got adjusted upwards for the 4,786th week out of 4,787: In the week ending June 16, the advance figure for seasonally adjusted initial claims was 387,000, a decrease [...]

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Bernanke: Yeah, the jobs market is getting pretty weak, huh?

Ed Morrissey — Thu, 07 Jun 2012 18:41:44 +0000

Wonder why?

A warning that the Fed will take action — as in, another ride on the quantitative-easing route? Or rather an acknowledgment that the Fed has done all it can do? Ben Bernanke’s testimony will get dissected by economic talmudists for the rest of the week, but the underlying message is that the economy is not [...]

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Fed to WH: We’re not going to bail you out

Ed Morrissey — Thu, 26 Apr 2012 20:01:12 +0000

QE3 stays in port ... for now.

With economic indicators flashing red all over the place, the Obama administration may be looking at some bad news this spring on economic growth. If they’re looking to the Fed to toss them a lifeline, they may be waiting a while. Despite some expectations that the Federal Reserve might embark on a third round of [...]

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Senate votes down amendment to delay debit card rule

Tina Korbe — Wed, 08 Jun 2011 20:40:57 +0000

One way or another, consumers will pay.

The Senate this afternoon defeated an amendment to delay the implementation of a controversial rule to regulate debit-card-related fees. It needed 60 votes to pass and received just 54, with 45 senators opposing. Because the amendment failed, the new rule will take effect July 21 — and consumers will pay the price. According to information [...]

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