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…
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…
Just weeks after Elizabeth Warren (D-Mass.) introduced legislation to expand the Federal Reserve’s authority into real-time payments, the Fed on August 5 announced its intent to create a real-time payments system by 2024. This move will be as damaging to…
Donald Trump accuses China of currency manipulation as he pressures the Federal Reserve to do the same thing. If you can’t beat ’em, join ’em. “Our problem is not China,” the president tweeted on Wednesday. “We are stronger than ever,…
When he testified before Congress last week, Federal Reserve Board Chairman Jerome Powell made an interesting comment: “We don’t have any basis or any evidence for calling this a hot labor market.” He added that “to call something hot, you…
Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday. President Trump, wanting lower interest rates, talks of firing or demoting Powell. But the Wall Street Journal reports that Powell likely finds a friendlier audience on Capitol Hill than at…
There’s an inherent conflict of interest that occurs when an agency serves as both a regulator and competitor. Unfortunately, that describes the present state of the Federal Reserve. But rather than reform the agency to eliminate sources of conflict, the…
Washington Steve Moore, one of the oracles of free market economics, is President Donald Trump’s choice for the Federal Reserve Board, and the long knives are out for him. Yet I am told by conservatives everywhere not to worry. He…
Donald Trump blasted the Federal Reserve last week, labeling them his “biggest threat” on account of another interest rate hike in September. Since July, Trump has repeatedly jabbed at the Fed, letting Federal Reserve Board of Director Jerome Powell feel…