Federal Reserve

Today, the Federal Reserve will raise interest rates again, bringing the Federal Funds rate to 2.25%, up significantly (125%) from the beginning of 2004. While most market watchers, especially real estate analysts, want us to believe that higher interest rates will not have a negative effect on the…

By now, I'm sure you've heard the dismal job report: Only 112,000 new U.S. jobs were created in November -- far below the 200,000 new jobs analysts had been expecting. Combine November's weak job growth with a soft pre- Christmas retail market and slowing U.S. factory growth and…

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…