The Pronk Pops Show 227, March 19, 2014, Story 1: Federal Reserve System To End The Zero Interest Rate Policy in 2015 and Financing Federal Government By Ending Quantitative Easying 3 By Fall of 2014 — No Exit Strategy — Bubbles Bursting — Videos

Posted on March 19, 2014. Filed under: American History, Blogroll, Budgetary Policy, Communications, Constitutional Law, Disasters, Economics, Employment, Federal Government, Fiscal Policy, Government, Government Dependency, Government Spending, Health Care Insurance, History, Housing, Investments, Labor Economics, Law, Media, Monetary Policy, Philosophy, Politics, Regulation, Resources, Social Science, Tax Policy, Unemployment, United States Constitution, Videos, Wealth, Wisdom | Tags: , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

Pronk Pops Show 221: February 28, 2014

Pronk Pops Show 220: February 27, 2014

Pronk Pops Show 219: February 26, 2014

Pronk Pops Show 218: February 25, 2014

Pronk Pops Show 217: February 24, 2014

Pronk Pops Show 216: February 21, 2014

Pronk Pops Show 215: February 20, 2014

Pronk Pops Show 214: February 19, 2014

Pronk Pops Show 213: February 18, 2014

Pronk Pops Show 212: February 17, 2014

Pronk Pops Show 211: February 14, 2014

Pronk Pops Show 210: February 13, 2014

Pronk Pops Show 209: February 12, 2014

Pronk Pops Show 208: February 11, 2014

Pronk Pops Show 207: February 10, 2014

Pronk Pops Show 206: February 7, 2014

Pronk Pops Show 205: February 5, 2014

Pronk Pops Show 204: February 4, 2014

Pronk Pops Show 203: February 3, 2014

Pronk Pops Show 202: January 31, 2014

Pronk Pops Show 201: January 30, 2014

Pronk Pops Show 200: January 29, 2014

Pronk Pops Show 199: January 28, 2014

Pronk Pops Show 198: January 27, 2014

Pronk Pops Show 197: January 24, 2014

Pronk Pops Show 196: January 22, 2014

Pronk Pops Show 195: January 21, 2014

Pronk Pops Show 194: January 17, 2014

Pronk Pops Show 193: January 16, 2014

Pronk Pops Show 192: January 14, 2014

Pronk Pops Show 191: January 13, 2014

Pronk Pops Show 190: January 10, 2014

Pronk Pops Show 189: January 9, 2014

Pronk Pops Show 188: January 8, 2014

Pronk Pops Show 187: January 7, 2014

Pronk Pops Show 186: January 6, 2014

Pronk Pops Show 185: January 3, 2014

Story 1: Federal Reserve System To End The Zero Interest Rate Policy in 2015 and Financing Federal Government By Ending Quantitative Easying 3 By Fall of 2014  — No Exit Strategy — Bubbles Bursting — Videos

janet_yellen

fed-funds-rate-wiki

fed_funds_rate_qe_1_2_3

screen-shot-2014-03-18-at-5-04-49-pm

sp-500-vs-federal-reserve-balance-sheet1

chart-march14

Federal Reserve News Conference

Chair Janet Yellen held a news conference following a meeting of the Federal Reserve’s Open Market Committee.

http://www.c-span.org/video/?318360-1/federal-reserve-news-conference

Press Conference with Chair of the FOMC, Janet L. Yellen

Yellen says Fed will keep short-term interest rates low

Janet Yellen Slip Sinks Dow, But Don’t Overestimate the Comment

Further gradual reduction in Federal Reserve stimulus expected at Yellen led meeting – economy

PROOF The Fed. Is Clueless: Stock Market MELTDOWN Coming. By Gregory Mannarino

Size of the Fed’s Balance Sheet is Concerning

EU European Union Economic Crisis 2013 2014 ; Jim Rickards Economy 2014

Marc Faber Gold, SIlver Won’t Collapse…. Outlook and Analysis

What’s the Deal with Zero Interest Rate Policy? – Laissez Faire Today Exclusive

Economic Meltdown 2014 – Financial Collapse – Gerald Celente – Peter Schiff

Fed’s No. 2 Strongly Backs Low-Rate Policy

Marc Faber: Fed Is ‘Boxed In’ With No Exit Strategy, Won’t End Quantitative Easing

Zero Interest Rate Policy (ZIRP) & Inflation

Talking to Chris Aiello, Managing Director at Dynasty Global Capital in Hong Kong. Chris discusses the zero interest rate policy followed by the Federal Reserve Bank in the United States and the impact on global economy of such a policy.

Michael Covel 001: Zero Interest Rate Policy

Ron Paul Hearing on the Fed’s Manipulation of Interest Rates 9/21/12

Ron Paul ~ The Fed Has Lost Control Of Interest Rates

Milton Friedman on the Failure of Wage and Price Controls

Banking 14: Fed Funds Rate

Banking 15: More on the Fed Funds Rate

Banking 16: Why target rates vs. money supply

Banking 17: What happened to the gold?

Banking 18: Big Picture Discussion

Quantitative Easing — How Does it Work in the Real World?

The video “Quantitative Easing — How Does It Work in the Real World?” explains in detail how the Federal Reserve injects freshly printed money into the real economy and how it may impact the stock market, and your purchasing power. Understanding the QE program and process in detail is extremely important relative to making the best investment decisions possible. Hedge funds, sovereign wealth funds, pension fund, high net worth investors, and alternative asset managers all over the globe will be receiving freshly printed U.S. dollars when they participate in the Fed’s Treasury buying and open market operations related to quantitative easing. Money manager Chris Ciovacco explains how the Fed can inflate the money supply while pushing new dollars into the stock, bond, commodity, currency, gold, silver, and precious metals markets. Understanding the lines of business and clients of the primary QE dealers will give you a rare and detailed insight into quantitative easing , Ben Bernanke, the Federal Reserve, open market operations, and global finance. The educational video, “Quantitative Easing — How Does It Work in the Real World?” was filmed and produced in Atlanta.

Quantitative Easing, the Fed, Finance, and Inflation — QE

The video, “Quantitative Easing (QE), The Federal Reserve, Finance, and Inflation” explains how the Fed “prints money” and who gets the new U.S. dollars. Primary Broker-Dealers, not traditional banks, are involved in the QE process and program. Understanding how QE works enables investors to make better asset allocation and investment decisions or formulate quantitative easing strategies related to wealth preservation and gold. The Fed encourages the Primary Dealers to involve their clients in the bond purchase program, which sheds light on how the printed money gets into the real economy. Chris Ciovacco, of Ciovacco Capital Management provides commentary, insight, and investment analysis as it relates to QE2. The brief educational video, “Quantitative Easing, The Fed, Finance, and Inflation — QE” was filmed in downtown Atlanta.

Quantitative Easing Bernanke — History & Objectives of QE

The video “Quantitative Easing — Ben Bernanke — History and Objectives of QE” gives insight into the Federal Reserve’s perspective of the need to print money in order to stimulate the economy, financial markets, and investing. Writings and comments from Brian Sack and Ben Bernanke are reviewed and analyzed as it relates to inflation, deflation, interest rates, household wealth, mortgage rates, asset prices, investing, money printing, and gold. Bernanke’s “helicopter speech” and “printing press” comments are reviewed in the context of quantitative easing and precious metals, the dollar, gold, and silver. The value of the U.S. dollar, inflation, and purchasing power are covered within the context of an inflation of the money supply via the “printing press”. The brief video “Quantitative Easing Bernanke — History & Objectives of QE” is presented by Chris Ciovacco of Ciovacco Capital Management.

Quantitative Easing (QE) 2010 — 2011 Why is the Fed printing money?

Video explains how the Federal Reserve’s QE program works. Primary broker-dealers, not banks, are the primary recipients of the Fed’s newly printed money. You Tube video explains how the Fed inflates the money supply via a bond purchase program with the NY Fed’s 18 primary dealers. Investment strategies and purchasing power protection can be better understood if investors understand the quantitative easing process and the primary dealer’s lines of business, involvement in global markets, and global client base. Hedge funds, sovereign wealth funds, and high net worth investors all over the globe can participate in the QE 2.0 process. Chris Ciovacco, of Ciovacco Capital Management, explains the possible impacts of the Federal Reserve’s quantitative easing program on the financial markets and your investments. The brief video “Quantitative Easing Explained” or “QE2 Explained” will provide rare insight into the Fed’s balance sheet policies.

Quantitative Easing Explained — Who Gets Fed’s Printed Money?

Video explains how the Federal Reserve’s QE program works. Primary broker-dealers, not banks, are the primary recipients of the Fed’s newly printed money. You Tube video explains how the Fed inflates the money supply via a bond purchase program with the NY Fed’s 18 primary dealers. Investment strategies and purchasing power protection can be better understood if investors understand the quantitative easing process and the primary dealer’s lines of business, involvement in global markets, and global client base. Hedge funds, sovereign wealth funds, and high net worth investors all over the globe can participate in the QE 2.0 process. Chris Ciovacco, of Ciovacco Capital Management, explains the possible impacts of the Federal Reserve’s quantitative easing program on the financial markets and your investments. The brief video “Quantitative Easing Explained” or “QE2 Explained” will provide rare insight into the Fed’s balance sheet policies.

QE2: Quantitative Easing Investing & Stock Market Consequences

Video covers quantitative easing investing and stock market strategies. How gold may be used to protect your purchasing power from QE2. Asset class and investment options are discussed for inflation and deflation, spanning gold, silver, copper, oil, stocks, dividend payers, CDs, utilities, consumer staples, and cash. With the economy and financial markets dealing with inflationary and deflationary forces, flexible investment strategies are needed. Chris Ciovacco, of Ciovacco Capital Management, provides commentary and analysis on QE 2.0, the U.S. Dollar, euro, possible economic and market outcomes related to the Federal Reserve’s program to print money. “Quantitative Easing Investing and Stock Market Consequences” was recorded in Atlanta covering 2010 and 2011 investment strategies.

U.S. Stocks Drop as Fed’s Yellen Outlines Stimulus Exit

By Callie Bost  Mar 19, 2014 3:02 PM CT

U.S. stocks fell for the first time in three days as Federal Reserve Chair Janet Yellen said the central bank’s stimulus program could end this fall and benchmark interest rates could rise six months later.

The S&P 500 slipped 0.6 percent to 1,860.83 at 4 p.m. in New York. The Dow Jones Industrial Average (INDU) slid 113.51 points, or 0.7 percent, to 16,222.68. Trading volume for S&P 500 stocks was in line with the 30-day average at this time of day.

“The pace of tightening, once the Fed starts tightening, is a little bit faster than thought before and I think that’s why we’re getting this market reaction,”John Canally, an economic strategist at LPL Financial Corp., said in a phone interview from Boston. His firm oversees about $438.4 billion. “Being reminded that the Fed will eventually raise rates is getting traders’ attention. We’re still a long way off and there are no signs in the economy about inflation.”

By keeping its benchmark interest-rate target near zero and conducting three rounds of asset purchases, the Fed has helped push the S&P 500 up as much as 178 percent from a 12-year low as U.S. equities enter the sixth year of a bull market that started in March 2009.

Higher Rates

Stocks turned lower today as the Fed’s statement said officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast, as they upgraded projections for gains in the labor market.

Most Federal Open Market Committee participants reiterated their view that the Fed will refrain from raising the benchmark interest rate until 2015. The median rate among 16 Fed officials rose from December, when they estimated the rate at the end of next year at 0.75 percent, and 1.75 percent for the end of 2016. The central bank said it will look at a wide range of data in determining when to raise its rate from zero, dropping a pledge tying borrowing costs to a 6.5 percent unemployment rate.

Benchmark indexes extended losses as Yellen said the quantitative easing program would end this fall if the Fed continues to taper purchases in measured steps. She sees a “considerable time” between the end of the stimulus and the first rate increase, meaning “six months or that type of thing,” she said at her first press conference following a Fed decision.

‘Risk Factor’

“U.S. indices are moving quickly on Yellen’s comments,” Larry Peruzzi, senior equity trader at Cabrerra Capital Markets LLC in Boston, said in an e-mail. “Equities are adjusting the risk factor of higher rates.”

The S&P 500 advanced 1.7 percent in the last two days as Russia pledged not to seek territory beyond Crimea. The U.S. and Europe are preparing to ratchet up sanctions on Russia after President Vladimir Putin signed an accord setting in motion Crimea’s accession to Russia. With visa bans and asset freezes on Russian officials failing to sway Putin, European Union leaders will meet tomorrow to consider “additional and far-reaching consequences.”

Investors have added $8 billion to U.S. equity exchange-traded funds in the past five days and $1.1 billion to bond ETFs, data compiled by Bloomberg show. Materials stocks absorbed the most money among industry ETFs, taking in $689 million during the past week.

http://www.bloomberg.com/news/2014-03-19/u-s-stock-index-futures-are-little-changed-before-fomc.html

Recap: Janet Yellen’s Press Conference and Fed Decision

Janet Yellen wrapped up her first policy meeting Wednesday as chairwoman of theFederal Reserve, then stepped in front of reporters (and live cameras) for her first press conference.

The new chairwoman had a big job, explaining a major shift in forward guidance for when the central bank might increase rates. In her press conference, she suggested that might be around six months after the Fed ends its bond-buying program.

  • Welcome to another big day in Fed land. Our nation’s central bankers have likely wrapped up their two-day meeting by now. We’re waiting for the Federal Open Market Committee’s policy statement at 2 p.m., along with updated projections from all Fed officials. Then we get Janet Yellen herself half an hour later, at 2:30, for her first press conference.We should have answers to a number of key questions over the next few hours: If the Fed ditches it forward guidance about interest rates, what will replace it? Did Chairwoman Yellen maintain consensus on the committee?  Will she stick around for a couple of hours answering reporters’ questions, like she did with lawmakers?
  • Fun Fed fact, which all you Fed geeks out there surely knew already: Janet Yellen was a driving force behind Fed press conferences.

    As Fed vice chairman, she led a committee shaping the central bank’s overhaul of its communication strategy: the statement, the economic projections, the press conference and more. So if she doesn’t like what she faces in a few hours, she can only blame herself.

    We’ve been doing this for a few years. While you’re waiting, take a trip into our archives for a peek at prior press conferences. It started way back in the days of QE2. long before the word “taper” became the subject of heated dinner-table conversation among economists.

    http://blogs.wsj.com/economics/2014/03/19/live-blog-janet-yellens-press-conference-after-fed-decision/

 

The Pronk Pops Show Podcasts Portfolio

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[youtubehttp://www.youtube.com/watch?v=zw3p2E9gziM]

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The Pronk Pops Show 132, September 18, 2013, Segment 0: No Tapering! — Spending Addiction Disorder (SAD) — Fed Must Continue Massive Financing of Deficits and Debt of Federal Government — Digital Electronic Money (DEM) Creation Continues At $85 Billion Per Month or $1,020 Billion Per Year Pace — U.S. Economy Stagnating Below 3 Percent GDP Growth Trend Line — U.S. Dollar Devalued — Currency War Continues — Abolish The Fed — Videos

Posted on September 21, 2013. Filed under: American History, Budgetary Policy, Business, College, Communications, Consitutional Law, Economics, Employment, Federal Government, Fiscal Policy, Foreign Policy, Government, Government Spending, History, Law, Media, Monetary Policy, Philosophy, Photos, Politics, Public Sector Unions, Regulation, Security, Social Science, Tax Policy, Taxes, Technology, Unemployment, Unions, Videos, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 132: September 18, 2013

Pronk Pops Show 131: September 17, 2013

Pronk Pops Show 130: September 16, 2013

Pronk Pops Show 129: September 13, 2013

Pronk Pops Show 128: September 12, 2013

Pronk Pops Show 127: September 11, 2013

Pronk Pops Show 126: September 10, 2013

Pronk Pops Show 125: September 9, 2013

Pronk Pops Show 124: September 6, 2013

Pronk Pops Show 123: August 30, 2013

Pronk Pops Show 122: August 23, 2013

Pronk Pops Show 121: August 16, 2013

Pronk Pops Show 120: August 9, 2013

Pronk Pops Show 119: August 2 and 8, 2013

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Segment 0: No Tapering! — Spending Addiction Disorder (SAD) — Fed Must Continue Massive Financing of Deficits and Debt of Federal Government — Digital Electronic Money (DEM) Creation Continues At $85 Billion Per Month or $1,020 Billion Per Year Pace — U.S. Economy Stagnating Below 3 Percent GDP Growth Trend Line — U.S. Dollar Devalued — Currency War Continues — Abolish The Fed — Videos

5-reasons-the-fed-taper-will-kick-off-in-september

Tracking-the-Fed-September

U.S. National Debt Clock

BUREAU OF THE FISCAL SERVICE
                                                  STAR - TREASURY FINANCIAL DATABASE
             TABLE 1.  SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)

                                                        ACCOUNTING DATE:  08/13

   PERIOD                                                                     RECEIPTS                OUTLAYS    DEFICIT/SURPLUS (-)
+  ____________________________________________________________  _____________________  _____________________  _____________________
   PRIOR YEAR

     OCTOBER                                                                   163,072                261,539                 98,466
     NOVEMBER                                                                  152,402                289,704                137,302
     DECEMBER                                                                  239,963                325,930                 85,967
     JANUARY                                                                   234,319                261,726                 27,407
     FEBRUARY                                                                  103,413                335,090                231,677
     MARCH                                                                     171,215                369,372                198,157
     APRIL                                                                     318,807                259,690                -59,117
     MAY                                                                       180,713                305,348                124,636
     JUNE                                                                      260,177                319,919                 59,741
     JULY                                                                      184,585                254,190                 69,604
     AUGUST                                                                    178,860                369,393                190,533
     SEPTEMBER                                                                 261,566                186,386                -75,180

       YEAR-TO-DATE                                                          2,449,093              3,538,286              1,089,193

   CURRENT YEAR

     OCTOBER                                                                   184,316                304,311                119,995
     NOVEMBER                                                                  161,730                333,841                172,112
     DECEMBER                                                                  269,508                270,699                  1,191
     JANUARY                                                                   272,225                269,342                 -2,883
     FEBRUARY                                                                  122,815                326,354                203,539
     MARCH                                                                     186,018                292,548                106,530
     APRIL                                                                     406,723                293,834               -112,889
     MAY                                                                       197,182                335,914                138,732
     JUNE                                                                      286,627                170,126               -116,501
     JULY                                                                      200,030                297,627                 97,597
     AUGUST                                                                    185,370                333,293                147,923

       YEAR-TO-DATE                                                          2,472,542              3,227,888                755,345

http://www.fms.treas.gov/mts/mts0813.txt

civilian_labor_participation_rate

InflationAug2013

US-Fed-Funds-Target-Rate

savings

fed_taper_bets

When-To-Taper

fed_taper

wrong_way

US Chairman of the Federal Reserve Ben Bernanke listens to questions as he testifies before a House Budget Committee on Capitol Hill in Washington

2013-09-17-bernanke-hands-over-control

janet_yellen

Tracking-the-Fed-September

Federal Reserve Vice Chair Janet Yellen addresses a conference in Washington

No Fed Taper: What Does It Mean for Your Money? (9/18/13)

Federal Reserve: No Taper (9/18/13)

Ron Paul: Fed Decision To Not Taper Is A Really Bad Sign

Ron Paul: Taper Fakeout Means Fed Is Worried

Breaking News: Federal Reserve Will Not Taper

Rick Santelli Reacts to Federal Reserve No Taper

Why The Fed. Will INCREASE, NOT DECREASE, It’s QE/Money Printing. By Gregory Mannarino

In Business – Fed Taper Pause Fuels Commodities Rally

To Taper, or Not to Taper

FED Says No Taper — We Need A War, Gun Confiscation And Control Of Internet First — Episode 166

JIM RICKARDS: Fed Will TAPER in September or Never, and the Looming MONETARY System COLLAPSE [50]

James Rickards on “Why The Fed Will NOT Taper Quantitative Easing”

Peter Schiff: “The party is coming to an end”.

JIM ROGERS – When the FED stops PRINTING FIAT CURRENCY the COLLAPSE will be here. PREPARE NOW

Fed decision Just idea of tapering caused huge ruckus

Background Articles and Videos

Milton Friedman – Abolish The Fed

Milton Friedman On John Maynard Keynes

Free to Choose Part 3: Anatomy of a Crisis (Featuring Milton Friedman)

Murray Rothbard – To Expand And Inflate

The Founding of the Federal Reserve | Murray N. Rothbard

The Origin of the Fed – Murray N. Rothbard

Murray Rothbard on Hyperinflation and Ending the Fed

Murray N. Rothbard on Milton Friedman (audio – removed noise) part 1/5

Keynes the Man: Hero or Villain? | Murray N. Rothbard

WASHINGTON (AP) — The Federal Reserve has decided against reducing its stimulus for the U.S. economy, saying it will continue to buy $85 billion a month in bonds because it thinks the economy still needs the support.

The Fed said in a statement Wednesday that it held off on tapering because it wants to see more conclusive evidence that the recovery will be sustained.

Stocks spiked after the Fed released the statement at the end of its two-day policy meeting.

In the statement, the Fed says that the economy is growing moderately and that some indicators of labor market conditions have shown improvement. But it noted that rising mortgage rates and government spending cuts are restraining growth.

The bond purchases are intended to keep long-term loan rates low to spur borrowing and spending.

The Fed also repeated that it plans to keep its key short-term interest rate near zero at least until unemployment falls to 6.5 percent, down from 7.3 percent last month. In the Fed’s most recent forecast, unemployment could reach that level as soon as late 2014.

Many thought the Fed would scale back its purchases. But interest rates have jumped since May, when Fed Chairman Ben Bernanke first said the Fed might slow its bond buys later this year. But Bernanke cautioned that the reduction would hinge on the economy showing continued improvement.

In its statement, the Fed says that the rise in interest rates “could slow the pace of improvement in the economy and labor market” if they are sustained.

The Fed also lowered its economic growth forecasts for this year and next year slightly, likely reflecting its concerns about interest rates.

The statement was approved on a 9-1 vote. Esther George, president of the Federal Reserve Bank of Kansas City, dissented for the sixth time this year. She repeated her concerns that the bond purchases could fuel the risk of inflation and financial instability.

The decision to maintain its stimulus follows reports of sluggish economic growth. Employers slowed hiring this summer, and consumers spent more cautiously.

Super-low rates are credited with helping fuel a housing comeback, support economic growth, drive stocks to record highs and restore the wealth of many Americans. But the average rate on the 30-year mortgage has jumped more than a full percentage point since May and was 4.57 percent last week — just below the two-year high.

The unemployment rate is now 7.3 percent, the lowest since 2008. Yet the rate has dropped in large part because many people have stopped looking for work and are no longer counted as unemployed — not because hiring has accelerated. Inflation is running below the Fed’s 2 percent target.

The Fed meeting took place at a time of uncertainty about who will succeed Bernanke when his term ends in January. On Sunday, Lawrence Summers, who was considered the leading candidate, withdrew from consideration.

Summers’ withdrawal followed growing resistance from critics. His exit has opened the door for his chief rival, Janet Yellen, the Fed’s vice chair. If chosen by President Barack Obama and confirmed by the Senate, Yellen would become the first woman to lead the Fed.

Related Posts On Pronk Pops

 

The Pronk Pops Show 132, September 18, 2013, Segment 1: Selective Serotonin Reuptake Inhibitor (SSRI) Drugs Not Guns Are The Problem — Videos

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