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…