The Federal Reserve Explained In 7 Minutes Chair Janet Yellen grabbed everyone’s attention this year when she implied that the Federal Reserve, aka the Fed, may raise interest rates for the first time in six years. The markets have been responding ever since, once again proving that the Fed holds a lot of the cards when it comes to the U.S. economy. But what exactly is the Fed? And how did it become so powerful? ...
Trading the News: U.S. Gross Domestic Product (GDP) What’s Expected: Why Is This Event Important: The Fed may stay on course to normalize monetary policy in 2015 as the central bank still anticipates a stronger recovery to materialize over the coming months, and data prints encouraging an improved outlook for growth & inflation may spur a greater dissent within the committee as the economy gets on a ...
A Limited Central Bank As the Fed begins its 100th anniversary year, I believe it is entirely appropriate to reflect on its history and its future. At the same time, we need to reflect on what I believe is the Federal Reserve’s essential role and how it might be improved as an institution to better fulfill that role.1 Douglass C. North was cowinner of the 1993 Nobel Prize in Economics for his work on the role that institutions play in economic growth.2 North argued that ...
Advice for young insider traders Made vital rookie errors: One of the accused duo, Lukas James Kamay leaves court on Friday. Photo: Wayne Taylor Apart from getting caught, the two men accused of one the largest trading operations in the nation’s history made a couple of other mistakes. They ...
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