Last week’s decision by the Federal Reserve to pause on interest rates left many unanswered questions, despite reporters raising them during the Q & A session . While the average person may be skeptical that the Fed can control inflation by simply raising interest rates, it’s still a position the Fed holds onto dearly. The problem is that Chair
Just over a week ago, America’s national debt surpassed $32 trillion. As of Friday this week, it climbed to $32.1 trillion , and the prospects for reducing the debt appear to be nonexistent. This is primarily due to the continuous raising of the debt ceiling and the role played by the Federal Reserve in the money creation process. According to Fox
On Thursday, Federal Reserve Chair Powell delivered a speech titled Financial Stability and Economic Developments , in which he drew comparisons between the current economic situation and the last two recessions. His first comparison was to the Great Recession of 2007-09, stating that it required: extraordinary interventions by governments
The latest meeting minutes of the Federal Open Market Committee (FOMC) offers valuable insights into the make-believe nature of monetary policy. While the true motives of the Fed’s inner circle may forever remain a mystery, it is evident their narrative revolves around the quest for an ideal economic state or finding a “Goldilocks Zone” of
In a 2022 survey of over 11,000 respondents, it was found that : 73 percent of adults were doing at least okay financially, meaning they reported either “doing okay” or “living comfortably.” This is 5 percentage points lower than the prior year and one of the lowest observed since 2016. These findings were published by the Federal Reserve in the
On Wednesday, Federal Reserve Governor Philip N. Jefferson offered insights on the economy and the role of the Fed. The irony is evident as we find that those entrusted with overseeing the economy appear to be continuously involved in a journey of self-discovery, yet their understanding often lacks any connection to the real-world economy. He
It’s been nearly three months since the Federal Reserve provided a modest multi-billion-dollar bailout to a few struggling banks. Despite the ongoing process of reducing government debt and mortgage securities in its portfolio, the Fed’s balance sheet increased by $400 billion in March, to bring the total up to $8.7 trillion by March 22. In the
The Federal Reserve has dedicated an entire section on its website to provide information about its upcoming Central Bank Digital Currency (CBDC). The first sentence on the page reminds readers: the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the
Earlier this week Federal Reserve Vice Chair for Supervision Michael S. Barr delivered a speech called Holistic Capital Review , sharing thoughts on the banking sector’s existing capital requirements imposed by the Fed. He firmly stated: the existing approach to capital requirements is sound. Illustrated through nondescript mentions, despite
Earlier this week, CNBC expressed concerns regarding artificial intelligence: Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities The 21 st century is fast approaching the quarter mark. With the emergence of accessible, increasingly popular A.I. tools, it wouldn’t be the worst wager that the growth,
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.