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Yellen’s nightmare

 
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Yellen’s nightmare

Robert Lenzner, writing at Forbes, looks at the difficulties facing the next Fed Chair. The main challenge will be liquidating the approximately $3 trillion of securities acquired by the Fed as part of Quantitative Easing (QE). Amongst the Fed’s holdings are 36% of all Treasury securities between 5 years and 10 years in maturity plus 40% of […]


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Senate should not rubber-stamp more secretive, flawed Fed polices

Mark Calabria of CATO criticizes the Senate Banking Committee for only spending one day questioning Janet Yellen before approving her nomination: Lost in Thursday’s “nuclear” attack on the Senate, the Banking Committee approved the nomination of Janet Yellen to succeed Ben Bernanke as chair of the Federal Reserve. Even without the filibuster changes, her nomination […]


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Coming soon to a bank near you: negative interest rates?

Former Treasury Secretary and one-time favorite to succeed Ben Bernanke as Fed Chair has called on the Fed to push interest rates below zero in order to “stimulate” the economy. Saint Louis Federal Reserve Chairman James Bullard has also suggested the Fed “study” this idea. Of course, all negative interests rates would do are hurt […]


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A Return to Keynes?

In case you missed it, here is Thomas Sowell’s column on Janet Yellen’s nomination as Federal Reserve Chair. Sowell examines Yellen’s answers to a series of questions to see if she is really the strong prominent of Keynesian economics she has been portrayed as in the media. (SPOLER ALERT: SHE IS). This piece is worth […]


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Senate Banking Committee to vote on Yellen Thursday

From the Senate Banking Committee website: Thursday, November 21, 2013 10:00 AM – 12:00 PM 538 Dirksen Senate Office Building COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in EXECUTIVE SESSION to consider the nomination of The Honorable Janet L. Yellen, of California, to be Chairman of the Board of Governors of the Federal […]


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