Elizabeth Warren, United States senator from Massachusetts, has called for an investigation into the relationships the Federal Reserve Bank of New York has with the financial institutions it regulates. Whistler-blower Carmen Segarra gave secret tapes to “This American Life”. The…
Mortgage Rates Decline; Rises Loom in Future
As the spring season rolls in and the winter doldrums roll out, people are finally exiting their homes and exploring the world once again. Luckily for those recovering from an intense winter hibernation, the economy shows positive signs for the…
Janet Yellen’s First Press Conference Goes Awry
Recently confirmed Federal Reserve Chair Janet Yellen held her first press conference and Federal Open Market Committee meeting on Wednesday. In general the meeting went over well, except for some confusion about the fate of the Fed’s low short-term interest…
Student Loans Spike to Top $1 Trillion
The sharp rise in the nation’s student loan debt, now upwards of $1 trillion, is most concentrated among Americans with poor credit, according to a report released by the Federal Reserve Bank of New York on Tuesday. According to the…
Janet Yellen to Make First Speech as New Fed Chair
Janet Yellen, as the newly appointed Fed chair and first woman to ever hold the post, will make her first comments today before the House Financial Services Committee and then Thursday before the Senate Banking Committee. She has addressed these…
Janet Yellen Approved for Fed by Senate Committee
Thursday morning, the Senate Banking Committee approved Janet Yellen’s nomination to become the next Chair of the Federal Reserve by a 14 to 8 vote. This vote comes as no surprise to political pundits, especially seeing as Democrats hold 12…
Labor Department Reports 148,000 Jobs Added
The U.S. Labor Department finally released its September employment report Tuesday morning, having been delayed by the government’s 16-day shutdown, which began on October 1. According to the monthly overview, U.S. employers added 148,000 new job positions in September, a…
JP Morgan Chase and US Justice Department Cut $13 Billion Deal as America Suffers
The ongoing Kabuki theater between Big Government and Big Finance took a new turn on Saturday, when it was announced that JPMorgan Chase & Co, one of the top 10 banks in the world, has struck a preliminary $13 billion…