Inflation Only Expected to Last Six Months

Consumers and businesses struggling with inflation received some positive news, with one expert saying it will only last six months.

Federal Reserve Disrupted Due to Operational Error

The Federal Reserve’s operations were disrupted Wednesday, due to an “operational error.”

Elizabeth Warren Calls For Probe Into The Federal Reserve Bank of New York

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…

U.S. GDP Increases 3.2% in 4th Quarter

Ever since the government shutdown occurred in October last year, economists and consumers alike have been worried about the future state of the United States economy. Thanks to the latest reports from the Commerce Department, however, those fears should be…

Janet Yellen Confirmed as Next Federal Reserve Chair

Yesterday, the Senate voted 56-26 to usher in Janet Yellen as the next Chair of the Federal Reserve. Yellen’s acceptance came as no surprise, especially seeing as she was easily approved by the Senate Banking Committee in November. Yellen is…

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…

Janet Yellen Nominated to Lead Federal Reserve

As expected, President Obama announced Wednesday that he would be nominating Fed vice chairwoman Janet Yellen to lead the Federal Reserve. She would replace retiring chairman Ben Bernanke. “For nearly 8 years, Ben has led the Fed through some of…

Obama Nominates Yellen To Fed Chief Position

President Obama will nominate the Vice Chair of the Federal Reserve, Janet Yellen, to fill Ben Bernanke’s position as chairman of the nation’s central bank when Bernanke’s term ends on January 31st. The fact that Janet will be the first…

New $100 bill: As Federal Reserve Destroys Dollar, Chinese Yuan Rises

Federal Reserve, the government agency in control of the dollar fiat standard will roll out the new $100 bill, with an array of high-tech security features designed to purportedly thwart counterfeiters, on Tuesday, despite partial shutdown of the mammoth federal…

New $100 Bill, Counterfeit-Proof?

Are you ready to get your hands on the new $100 bill? If so, you’re not alone. The $100 bill is the second most common bill only behind the $1 bill. So, it should come as no surprise that the…

Stock Market Dips Drastically After Wednesday’s High

On Wednesday, September 18, the Dow set an all-time high at closing, as did the S&P. The boom came shortly after the Federal Reserve announced that it would continue its economic stimulus program. However, the investment-high did not last long.…

Gold Recovery? What Does This Mean For Business?

Gold has had a resurgence recently. This comes as good news for investors and people that follow the market closely. As of today, gold is on track for its biggest weekly gain in five weeks. Several analysts are saying that…

Larry Summers Withdraws Name from Fed Chair Debate

In somewhat surprising news Sunday, Larry Summers has withdrawn his name for the discussion of who will replace Ben Bernanke as Chair of the Federal Reserve when his term ends in January. All signs seemed to point to Summers as…

Turns Out Anonymous Did Hack Into The Federal Reserve

On Sunday evening, Anonymous leaked over 4,000 banker profiles it claimed to have stolen from the federal reserve. The information contained names, addresses, IP addresses, hashed passwords and other sensitive information. Now the federal reserve has confirmed the hack, but…