Fed signals it may move to boost economy
WASHINGTON (AP) - The Federal Reserve is offering a dim view of the U.S. Economy and signaling that it's prepared to provide new relief if necessary to support the recovery. But at its meeting Tuesday it held off from taking direct action, instead taking a wait-and-see approach to see if the economy can heal on its own. Ref. USAToday
If anyone has doubts about how everything is being tied together you should read this:
International Level: International Guru / Political Participation: 3231 100%
Federal Reserve Under Fire for Loaning Trillions to Foreign Banks in Financial Crisis:
The biggest beneficiaries of the central bank's $3.3 trillion lending program were foreign banks that operate in the U.S., including London-based Barclay's, which received a $47.9 billion loan Ref. Source 6
Cooking the books? Accounting Tweak Could Save Fed From Losses:
Concerns that the Federal Reserve could suffer losses on its massive bond holdings may have driven the central bank to adopt a little-noticed accounting change with huge implications: it makes insolvency much less likely. Ref. Source 3
Name: Alberto
Comments: If the Federal Reserve can just print money as they wish why is there even talk of "balancing the budget"?
Nobel Prize Winning Economist Slams US Dollar
Video Interview By RT
Joseph Stiglitz, told RT why he thinks the US dollar as the reserve currency is hurting the entire world, how Federal Reserve have failed, and why inequality in the US may be reaching a tipping point that hurts the economy and society. Ref. Source 5
Watch the other hand! Fed holds first press conference in 97 years
While Trump and Obama duke it out over birth certificates (and undoubtedly the press will chat about that all day long) - the rest of America misses out on something really important. The Fed is holding its first press conference in 97 years - that's especially profound today given the state of our economy and the role the Fed is playing in its continued demise. Why does the administration want America to miss the Fed's big conference today? Ref. Source 2