On Thursday, Federal Reserve Chair Jerome H. Powell announced that the central bank would no longer treat inflation as a primary threat to economic growth, stability and employment and would allow for more inflation in the years ahead before acting to tame it.
Read moreConsider a No-Drama Bond Market
We are, at long last, nearing the end of one of the great central banking experiments: the U.S. Federal Reserve's policy of quantitative easing, which began in the wake of the financial crisis of 2008–2009. And the primary question is quite simple: will interest rates rise and if so, by how much and when
Read moreThe Most Important Lesson the Fed Taught the World This Week
So the Federal Reserve did not taper after all. Having signaled in May and June that the central bank was likely to pare back its monthly purchases of $85 billion in mortgage and Treasury bonds, the bank and its chairman Ben Bernanke essentially said “Never mind,” and decided that now was not the time after all.
Read moreCheers to Ben Bernanke & Central Bankers
The Fed will keep interest rates low for several years and aggressively buy up bonds, Ben Bernanke announced today. When will elected officials catch up to the unsung heroics of central bankers?
Read moreTHE GLOBAL FINANCIAL CRISIS
You've heard the story. On the heels of tumbling shares and dire warnings from the U.S. president, as well as business and government officials across the globe, the British prime minister says, "The world economy is facing its greatest risk in decades." To halt the slide, he calls for a global response to prevent the crisis from spiraling out of control.
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