Tag Archives: FOMC

Planning for Future Rate Hikes: What Can History Tell Us that the Fed Won’t?

It stands to reason that when the Fed eventually lifts interest rates, we’ll see the usual effects. After a sustained rise in rates, you can safely bet on: Fixed investment and business earnings dropping sharply GDP growth following investment and … Continue reading

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Did Today’s Flow of Funds Report Predict the Fed’s Next Confession?

In return for speaking fees reported to be “at least” $250,000, Ben Bernanke confessed a few of the Fed’s missteps while speaking to guests of the National Bank of Abu Dhabi on Tuesday: “Bernanke says he underestimated impact of subprime … Continue reading

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If You Don’t Trust the Fed, Here’s an Inside View That Confirms Your Worst Suspicions

Earlier this year the notion that the Fed might modestly taper its purchases drove significant upheaval across financial markets. This episode should engender humility on all sides. It should also correct the misimpression that QE is anything other than an … Continue reading

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Step Right Up and Test Your Central Banking Skills against the Scariest Economy of All

I offer a chance to test yourself as King of the World. By that, I mean top dog at the Federal Reserve Bank. The test is based on two scenarios, one describing our circumstances today and I’ll explain the second … Continue reading

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