Federal Reserve

— "The Financial World According to Inya" Column, by Inya Ivkovic, MA During its recent committee meeting, the Federal Reserve announced that it is time to shut off the government money taps, winding up most of the U.S. specialty liquidity programs and starting by shutting down currency swaps…

My favorite investment analyst must be ready to have kittens. Of course, Jim Rogers has advocated the abolition of the Federal Reserve for a number of years, and this latest government bailout must have him steaming. He argues that it was the central bank that helped create (but…

Yesterday, the U.S. Federal Reserve Open Market Committee met to set interest rates -- and it did what most expected, which is nothing. "Standing Pat" is the official term when the Fed neither raises nor reduces interest rates. Here's the statement the FOMC issued yesterday after its meeting:…

A 75-basis-point cut in the Fed Funds rate to 2.25% by the Federal Reserve on Tuesday along with some decent earnings from several financial institutions helped to drive robust buying in the markets. Yet the fiasco that is occurring at The Bear Stearns Companies, Inc. (NYSE/BSC) remains a…

Yesterday, in a widely anticipated move, the U.S. Federal Reserve reduced interest rates one more time -- by one quarter point to two percent. Wednesday was the seventh consecutive interest rate cut by the Fed. The big surprise for investors yesterday? The Fed said that inflation "expectations" have…

I have to say that I’m very nervous about the prospects for the stock market. One part of me is really bullish, while the other is very uneasy about the future for stock prices. I’m bullish because the stock market has already pulled back significantly and quickly from…

The overview of the U.S. Federal Reserve System (Fed) on its web site states that it was founded in 1913 with the mandate to provide a more stable monetary and financial system. Over the years, its role has expanded, and the Fed is now responsible for four general…

What does this picture tell you about the state of the U.S. economy and the changing spending habits of consumers? The U.S. Federal Reserve released a report yesterday stating consumer borrowing in the U.S. fell $1.2 billion in September--the biggest monthly decline since April, 1992. Loans for automobiles…

Thinking about the current state of the stock market, I can't help but be optimistic for the rest of 2006. Corporations are running lean operations and both large and small companies alike are suitably profitable. Inflation is a concern, but the Federal Reserve is dealing with it in…

The U.S. Commerce Department just reported a surge in U.S. retail sales for January, 2006. Retail sales, excluding autos, were up 2.2 percent last month, the best posting in six years. With autos included, retail sales were up 2.3 percent--the largest one month gain (including autos) since May,…

As widely expected, outgoing Federal Reserve Chairman Alan Greenspan made his exit by lifting the fed funds rate by another 25-basis points to 4.50 percent: the 14th increase since rates began to ratchet up in June 2004. The increase did not surprise the market, but traders and investors…

The following are not my words, but recent statements from Roger Ferguson, vice-chairman of the U.S. Federal Reserve and the much-touted eventual replacement of Alan Greenspan: "Clearly, some households have become burdened with excessive debt and may have considerable financial stress should their income become disrupted." "One cannot…

I have never been a big fan of our Federal Reserve Chairman, Mr. Alan Greenspan. Yesterday, when he urged congress to curtail Social Security benefits for future retirees, I have to admit any hope of me ever becoming a fan ended. In what could only be described as…