Smart. Sharp. Funny. Fearless.
Saturday, August 19, 2017
federal reserve
Guaranteed Job

Calling Trump’s Bluff: A Guaranteed Job For Every American Who Wants To Work

The job guarantee asserts that, if individuals bear a moral duty to work, then society and employers bear a reciprocal moral duty to provide good, dignified work for all. It would finally make real the ideal, stated in Franklin Roosevelt’s “Economic Bill of Rights,” that every American possesses a “right to a useful and remunerative job” and “to earn enough to provide adequate food and clothing and recreation.” Not a paternalistic aid, and not some tribute to aristocratic virtue, but a right to be claimed and exercised

March 25, 2017
A man walks past the Federal Reserve Bank in Washington, D.C., U.S. December 16, 2015. REUTERS/Kevin Lamarque/File Photo

Wednesday Is Decision Day On Fed Rate Hike

The current federal funds rate — the interest rate banks charge each other — currently is at 0.5 percent. The rate was as high as 20 percent in the 1980s to combat inflation.

September 20, 2016
The Guide Dog

Cartoon: The Guide Dog

How low can you stay?

June 17, 2016

Yellen Says Fed Rate Hike Likely Appropriate In Coming Months

Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past that the U.S. economy has rebounded from a weak winter and that inflation would edge higher toward the Fed’s 2 percent target.

May 27, 2016

Cartoon: Ms. Clinton And Her Tea Cup Blankfein

After supporting Clinton in 2000 and 2008, Lloyd Blankfein told CNBC In February 2016 “I don’t want to help or hurt anybody by giving them my endorsement.”

April 9, 2016
Traders work on the floor of the NYSE

Free Trade Can End Up Costing Workers Their Jobs

As a handful of well-respected economists belatedly concede, the free trade agreements that drew bipartisan support for much of the last 25 years never brought the broad prosperity that was promised.

March 12, 2016

Marco Rubio’s Radical Alignment With The Financial Industry

The establishment “lane” has gone to Marco Rubio. That lane has become far more radical, and far more in sync with financial wealth, than anyone should have expected a year ago.

February 22, 2016

Fed Raises Interest Rates, Citing Ongoing U.S. Recovery

“The process is likely to proceed gradually,” Federal Reserve Chair Janet Yellen said, a hint that further hikes will be slow in coming.

December 17, 2015

For Consumers, Fed’s Expected Rate Hike Is Unlikely To Cause Shock And Awe

Federal Reserve policymakers are expected to end months of speculation Wednesday and raise a key interest rate for the first time in nearly a decade. But for average Americans hoping for noticeably higher returns on their savings or fearing a sharp increase on credit card, auto loan or mortgage rates, the waiting is likely to continue.

December 15, 2015

Fed Still Plans Rate Hike This Year, But Not Committed

The Fed’s meeting in December could be the key moment.

October 9, 2015

Dollar, Shares Gain On Yellen Speech, U.S. GDP

Gross domestic product grew at a 3.9 percent annual clip, up from a 3.7 percent estimate in August.

September 25, 2015

Fed’s Yellen Gets Medical Attention After Struggling With Speech

“Chair Yellen felt dehydrated at the end of a long speech under bright lights,” a Fed spokeswoman said.

September 24, 2015

U.S. Business Spending Slips, New Home Sales Rise In August

The data suggests that global economic headwinds are doing little to impede U.S. growth.

September 24, 2015

After Delay, Yellen Faces Questions Over Fed Message On Rate Hike

It is perhaps her biggest test yet, as she tries to guide a divided committee.

September 21, 2015

Fed ‘Close’ To Hiking Rates, U.S. Economy Near Normal: Lockhart

“I think the point of ‘liftoff’ is close,” Atlanta Fed President Dennis Lockhart said in prepared remarks for an address to the Atlanta Press Club. “The economy has made great gains and is approaching an acceptable normal… conditions are no longer extraordinary.”

August 10, 2015

The Economy Looks Strong. Why Aren’t Investors Happy?

New data on service sector gains gave way to concerns from investors who fear it will provide a green light for the Federal Reserve to start raising interest rates.

August 8, 2015

Dollar Up, Stocks Off After Fed Comments

The U.S. dollar and Treasury yields rose on Tuesday, while stocks fell, after comments from a top Federal Reserve official brought forward market expectations of an interest rate increase.

August 4, 2015

Consumer Spending Bolsters U.S. Second-Quarter Growth

Gross domestic product expanded at a 2.3 percent annual rate, the U.S. Commerce Department said on Thursday.

July 30, 2015

Fed Says Economy Improving; September Rate Hike In View

“The Fed is taking baby steps towards a rate hike. Enough improvements have been made in the labor market that the Fed only needs a little more confirming evidence to say it is time,” said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management.

July 29, 2015

U.S. Jobless Claims Drop To 41.5-Year Low

The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41.5 years.

July 23, 2015
Ten Dollar Bill, Alexander Hamilton

Woman’s Face Will Be Added To $10 Bill In 2020, Treasury Says

One lucky lady — yet to be chosen — will become the first woman in more than a century to join an esteemed coterie of dead presidents and statesmen featured on American paper currency.

June 18, 2015

Cartoon: Janet Yellen Considers Rate Hikes

Janet Yellen has a decision to make on interest rates.

January 29, 2015

Fed Wears A Bull’s-Eye This Year On Capitol Hill

Both parties are preparing to take on the Federal Reserve in 2015.

January 22, 2015

5 Keys To The U.S. Economy To Watch In 2015

These crucial factors will decide just how strong the economy grows in 2015.

January 2, 2015
The Fed's last meeting of 2014 was expected to confirm its path toward monetary policy normalization after holding its base interest rate at the zero level for six years to bring the country out of the Great Recession (AFP Photo/Mandel Ngan)

Oil Plunge, Russia Crisis Challenge U.S. Federal Reserve

How will the federal reserve respond to the burgeoning crisis in Russia?

December 16, 2014