TRP News with James Andre. This week – presidential hopefuls visit the Iowa state fair, Sanders distances himself from an apology and his African American outreach director, the Federal Reserve may be raising rates and progressives are pushing back, Warren and McCain want to bring back Glass-Steagall, several states cut off federal funds for Planned…
Tag: federal reserve
Radical Economic Experiment Thats Quietly Keeping The Economy Afloat
Progressives need to make monetary policy something politicians have to answer for. The Fed’s policy is set by the 12 voting members of the Federal Open Market Committee FOMC, seven of whom are appointed by the president and confirmed by the Senate. This process, and the views on monetary policy of the people who…
AIG considers suing government for bailing it out, world implodes in on itself
Fresh from launching a branding campaign to try to rechristen itself as a paragon of patriotism, the giant insurer American International Group is reportedly weighing a step that would remind America just why everyone got so darn mad in the first place. The board of AIG, according to the New York Times, is weighing whether…
Why I don’t stress about deficits
I’m not particularly worried about the budget deficit. In fact, of all the major problems the U.S. faces, I’m least worried about the deficit. That’s not because we don’t have to get the problem under control; it’s because I’m pretty sure we will. Why? The budget deficit is unique: If Congress is unable to agree…
Despite History and the Numbers, Wall Street Wants Republican in the White House
The stock market may be up more than 75% since President Obama moved into the White House, but Wall Street is looking for a change come November. Stocks have historically performed better during a Democratic administration, yet a whopping 70% of investment strategists and money managers say a Republican president will be better for the…
Factories Show Strength In Latest Sign Of Recovery
U.S. factories boosted output last month and December ended up being their best month for growth in five years. Busier factories are helping drive the economy. The Federal Reserve said Wednesday that manufacturing production increased 0.7 percent in January. And output soared 1.5 percent in December, according to an upward revision. That was the biggest…