It is the first time the Federal Reserve Board chair has met with a member of the first family.
What is not normal is the divisiveness, intensity, level of danger, and sometimes banality of the conflicts created by the new president of the United States.
For a few years now, finance has dwelled on an illusion. The illusion that growth is infinite, that central banks have supernatural powers, that penal sanctions can never be eschewed, and that Janet Yellen is smarter than the rest of the world.
The market is always right: a sentence uttered many times, and yet it still doesn’t mean anything other than to reveal the intellectual vacuity of the financial world.
We’ve been waiting for years. The suspense hasn’t stopped rising, thanks to skillfully broadcast trailers and teasers. We know the basic plot and the main protagonists, but this Wednesday is the big day. The release of the new “Star Wars” movie? No. The meeting of the American Federal Reserve Board's Federal [Read more]
Yellen’s restraint has its reasons. The date of Dec. 16, 2015 will undoubtedly be mentioned in future books on the financial crisis as the beginning of the end of a gigantic experiment.
We can reasonably start to doubt the mathematical abilities of the U.S. government since overlooking so many job losses is more akin to "biased statistics" than anything else.
Yesterday, the U.S. Federal Reserve decided to keep interest rates at their current levels and postpone the predicted increase until a time at which the increase will produce more favorable results. The Fed's decision is a prudent response to the complex circumstances surrounding the United States' economy and the [Read more]
Federal Reserve Chair Janet Yellen reaffirmed the possibility of raising the federal fund rate this year, but the recent analysis shows that the preferred timing is December rather than September. Reflective of this, the NASDAQ point value rose to 1.34 percent on June 18, the highest rise ever recorded.