Authored by Michael Lebowitz via 720Global.com,
The Federal Reserve Act, as mandated by Congress, established a dual mandate to guide the Federal Reserve (Fed) in setting monetary policy. Price stability, one of the mandates, benefits economic growth as it allows investors, corporations, and consumers the ability to better predict future prices and therefore allocate investments and spending in a more optimal manner.
Authored by James Rickards via The Daily Reckoning,
After nine years of unconventional quantitative easing (QE) policy the Federal Reserve is now setting out on a new path for quantitative tightening (QT).
QE was a policy of money printing. The Fed did this by buying bonds from the big banks. The banks would then deliver bonds to the Fed, and the Fed would in turn pay them with money from thin air. QT takes a different approach.
Authored by David Stockman via The Daily Reckoning,
Ben Bernanke’s successors at the Fed and other global central banks still don’t get it.
Authored by Mark St.Cyr,
There has not been a mantra that’s emulated a teenagers go-to excuse of “Because!” for both tactical effect, as well as childish reasoning than the term “it’s different this time.” And for nearly the last 10 years that phrase has meant something entirely different to two distinct groups.
