Federal Reserve

Donald Trump's Most Important Fed Appointment (Spoiler Alert: It's Not The Chair)

Fed Chair Janet Yellen is still at the helm and will be for another year. But two long-standing vacancies are available for the President immediately, and in them lies a key to understanding a fundamental relationship that should guide how we think about the Trump presidency and the very nature of financial and monetary system.

Fischer Admits Fed Is Clueless About What Happens Next

"There is quite significant uncertainty about what's actually going to happen, I don’t think anyone quite knows what’s going to come out of the process which involves both the administration and Congress in the deciding of fiscal policy and a variety of other things."

Barclays: "Significant Change Is Coming To The Fed Over The Next 18 Months"

"Tarullo’s resignation only further cements our view that significant change is coming to the Federal Reserve Board of Governors over the next 18 months. Depending on the plans of Governor Lael Brainard, we would not be surprised to see five or six new faces on the board by the middle of 2018."

The Unintended & Deadly Societal Consequences Of Quantitative Easing

"As I look back, it now seems that, with all the thought and work and good intentions, which we provided, we achieved absolutely nothing… nothing that I did produced any good effect – or indeed any effect at all except that we collected money from a lot of poor devils and gave it over to the four winds."

Daniel Tarullo, Fed's "Regulatory Point Man", Unexpectedly Resigns

"After more than eight years as a member of the Board of Governors of the Federal Reserve System, I intend to resign my position on or around April 5, 2017. It has been a great privilege to work with former Chairman Bemanke and Chair Yellen during such a challenging period for the nation's economy and financial system."

GoldCore's picture

Gold prices continued to shine this week reaching $1,244.70 per ounce and and has posted gains in five of the last six weeks. This week it reached a three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the same period in 2016.

Stockman To Trump: It's The Economy, Stupid

"Trump was elected because flyover America is hurting economically. The voters of Wisconsin and Pennsylvania are imperiled not because of some refugees, they're imperiled because their jobs have all been disappearing for decades. The problem is far more the Federal Reserve, Janet Yellen, the bubbles they're creating on Wall Street..."

The Fed's General Counsel Is Retiring

The Federal Reserve's general counsel, Scott Alvarez, will retire this year after a 36-year career at the central bank including more than 12 years as head of the Legal Division. the Fed said Wednesday.

Asian Stocks Hit 18 Month High; Europe, US Futures Bounce As Dollar Rises

Asian stocks hit their highest level in 18 months, with positive momentum lifting European shares which were helped by Societe Generale earnings. Yields fell on some of the euro zone's battered low-rated bonds as investors put aside the political risks that have dominated markets this week. After trading flat, S&P futures bounced as US traders walked boosted by a spike in the USDJPY.