The Federal Reserve lowered its funds rate 25 basis points, the third such cut this year, on Wednesday to a 1.5 to 1.75 range. “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the…
The Federal Reserve Bank of New York injected $100 billion in repurchase agreements (repos) on Tuesday. Financial institutions undersubscribed on the $65 billion in overnight repos offered and oversubscribed on the $35 billion in the longer-term repos offered. The continued…
Pay no attention to that man behind the curtain. I’m shocked, shocked to find that gambling is going on in here. These are not the droids you’re looking for. In the movies, Frank Morgan, Claude Rains, and Alec Guinness deliver…
Elizabeth Warren seeks to prohibit federal judges from owning individual stocks. She wrote on Monday that “my plan would eliminate the appearance of impropriety by banning federal judges from owning or trading individual stocks, while allowing them to instead invest…
The Federal Reserve sold another $75 billion in overnight repurchase agreements (repos) on Wednesday, with demand dramatically overwhelming supply. And by the end of the day, the New York Fed announced increasing the overnight repos available from it to $100…
Health care ranked as most important issue, save for “the ability to beat Donald Trump,” for Democratic voters in a FiveThirtyEight/Ipsos poll taken before and after last week’s presidential debate. The debate revealed fissures among the party’s presidential aspirants on…
CNN hosted a climate change town hall event Wednesday night long enough to make eyes glaze over — in one case, with blood. The network placed dead last among the three major cable news channels in the ratings with an…
Donald Trump continues to pressure the Federal Reserve. He’s not the only one. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of the world,” he tweeted this week. “Has anyone looked…
The Washington Post reports, “Several senior White House officials have begun discussing whether to push for a temporary payroll tax cut as a way to arrest an economic slowdown, three people familiar with the discussions said.” The discussions follow a…
