Tag Archives: global financial system

Instant Replay! ‘U.S. Business In The Hands Of Federal Reserve Academicians!’

The Federal Reserve, after raising its benchmark fed funds rate .25% in December 2015, yesterday left rates unchanged! The December increase was implemented despite inflation remaining well below the Fed’s target rate of 2% and in the face of an economic recovery that could be, at best, termed tepid. At the time some speculated that […]

The Shadow Banking System And Why The Fed CAN’T Raise Interest Rates!

shadow banking,leverage,interest rates

Janet Yellen discussed Fed policy and interest rates yesterday and, with the removal of the word ‘Patient’ from the current Open Market Committee statement, financial markets roared! Of course when it comes to Fed-speak the removal of one word, in this case ‘patient’, reminds one of another quite famous parsing of words when the phrase […]