The Federal Reserve may not be happy until it gets unemployment all the way down to 5.5%, if statements from central bank officials and other economists are an indication.
Read more: http://tinyurl.com/o29h9pe
Tag Archives: Federal reserve
RICHARD KOO: I Can’t Find Anyone To Refute My Argument That America Is In A ‘QE Trap’
The Federal Reserve shocked market participants in September with its decision to refrain from tapering quantitative easing, as many felt that the central bank had signaled the move at its June meeting.
Read more: http://tinyurl.com/na2f7qh
THE (REAL) MOST POWERFUL PERSON IN THE WORLD
How do you thank someone who has taken you from crayons to perfume? It isn’t easy, but I’ll try…
– Lulu, To Sir, With Love (1967)
Read more: http://tinyurl.com/pjs3mel
Wall Street encouraged with Obama’s nod to Yellen
Investors hope Obama’s nomination of Janet Yellen as chair of the Federal Reserve is the bit of bullish news needed to counteract the mounting worries over the government shutdown.
Read more: http://tinyurl.com/k2vlrwj
Global Economy: Grappling with the Fed and other uncertainties
LONDON (Reuters) – A clutch of surveys this week is likely to show the global economy slowly picking up even as new and old uncertainties combine to test the optimism of businesses and consumers alike.
Read more: http://tinyurl.com/nc9jkjz
Fed: Redesigned $100 bill coming in October
WASHINGTON (AP) — The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target.
Read more: http://tinyurl.com/b27uus3
Who Will Succeed Bernanke? Who Should?
Janet Yellen’s chances to move up from No. 2 to No. 1 at the Federal Reserve are looking pretty good to the economists that participated in the latest Wall Street Journal survey.
The survey yielded a 46% probability that the president would nominate Ms. Yellen to replace Ben Bernanke as chairman when his term is up at the end of the year, based on the average of estimates provided by the participating economists.
Read more: http://tinyurl.com/cewv5rm
GAME CHANGER
Just as I was about to enjoy the last day of what has been more work than vacation time, gold gets hammered on the back of news the punch bowl may be running dry. Throw in the fact that it always seems to get assaulted around the monthly employment report and one can certainly feel like its Deja-vu.
Read more: http://tinyurl.com/apxp9xe
THE “FISCAL RING OF FIRE” & GOLD
The Fed continues with its “QE forever” easing program. But something new has been added. The Fed now wants the unemployment rate to be at 6.5%, and they’ll keep rates around zero until that happens.
Bill Gross is founder and co-CEO of Giant PIMCO. Gross is a member of BARRON’S Roundtable and is highly respected on Wall Street. Gross is a bond-man, and I don’t ever remember him saying anything about gold.
Bill Gross says only gold and real assets will thrive in fiscal ‘ring of fire.’
Read more: http://tinyurl.com/cv2shlk
Fed makes new rate pledge, ups stimulus
In an unprecedented step, the Federal Reserve said on Wednesday it would hold interest rates near zero until the U.S. unemployment rate falls to 6.5 percent as it launched a new round of bond purchases to stimulate the economy.
The central bank said its commitment to hold rates steady until its new threshold was reached would hold as long as inflation was projected to be no more than 2.5 percent one or two years ahead and inflation expectations were contained.
Read more: http://tinyurl.com/bn4vp8t