Federal Reserve
The Federal Reserve it can be argued has done a great job of propping up the economy during the Great Recession with its easy money policies led by Quantitative Easing 1, 2 and 3. However, the growth in the stock market and the low interest rate on our ballooning debt is artificial as a result of the Fed's policies. Dialing back of their latest bond-buying program, is the finesse move confronting the Fed for the next five years. If the Fed moves too fast, it could cool the recovery. If it moves too slowly, it could fuel asset bubbles or excessive inflation. With the stock market booming since the election of Donald Trump, these fears are heightened.

Senate Confirms Jerome Powell As New Federal Reserve Chair

2/1/18
from NPR,
1/23/18:

The Senate approved President Trump's nominee, current Federal Reserve Board Governor Jerome Powell, as the new head of the nation's central bank on Tuesday. The confirmation came in a vote of 84-13, an unsurprising action given Powell's support among Republicans and Democrats alike who expect that he will follow the policies of the outgoing Chair Janet Yellen.

More From NPR:



365 Days Page
Comment ( 0 )
Leave a Reply
Name*
E-mail*
Comment