Earlier today, At the Economic Club of New York, Fed Chairman Ben Bernanke gave his Outlook for the Economy and Policy . His speech contains much self-serving claptrap about how Federal Reserve policy save the day. Nowhere has the Fed admitted its role in creating the mess. Bernanke thinks pr ... Read more

I received an Email this morning from Charles Goyette about the state of our banking system. One Day At The Bank Branch By Charles Goyette An old farmer walked into a rural branch of Washington Mutual to open a savings account. Being a conservative sort, he asked, “What happens if Washington Mutu ... Read more

The financial elites were responsible for putting through the Fed as a governmentally created and sanctioned cartel device to enable the nation's banks to inflate the money supply in a coordinated fashion. ... Read the full post ... Read more

Investors and political analysts should keep a sharp eye on the congressional assault on Federal Reserve independence. This is a transparent effort by members of Congress to use the financial-reregulation bills as a means of applying political leverage to stop the Fed from any 2010 midterm-election- ... Read more

In an interview with CNBC’s Maria Bartiromo yesterday, Richmond Fed president Jeffrey Lacker refused to offer any clear sign as to when the central bank might finally end its zero-bound policy and begin raising rates. When asked whether he was worried about future inflation, Lacker said he think ... Read more

From the Fed: The October 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices In the October survey, domestic banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households. However, the net per ... Read more

The Federal Reserve’s latest “beige book” report offers a few encouragements on the state of the New England economy. The most recent update from the twelve Federal Reserve banks, released today, suggests that economic activity has been stabilizing in most parts of the US.  In the F ... Read more

| Peter Klein | I was encouraged by friends to sign the Open Letter in support of Fed independence but, like Jerry O’Driscoll, Bob Higgs , and Larry White , I don’t support the cause. Follow the links above for detailed arguments. For my part: The Open Letter focuses exclus ... Read the fu ... Read more

Phenomenal piece. Great work by Willem Buiter for the Financial Times.The article is on the problems the Fed has had, but stressed that that while flawed, it is still important not to let it lose its independence.Read it all. It is long, but very well done.I will give a few tidbits to tempt you to r ... Read more

Here is an interesting clip from a very outspoken Former Assistant Treasury Secretary on the bailouts, the dollar, and Goldman Sachs. .... Craig Roberts: Bank bailout was a fraud and it won't succeed. Don't not know what sort of stupidity the Treasury Secretary and the Federal Reserve will re ... Read more