Federal Reserve news
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- Reporting on Biden's Treasury Secretary Janet Yellen earning MILLIONS from Wall Street speeches is SEXIST, Democrat supporters say
Politico is being branded as misogynistic by Democrats, including media figures, for daring to report on the millions of dollars that incoming Treasury Secretary Janet Yellen made in Wall Street speaking fees. - Biden’s pick for budget director once championed funding social spending by MAKING LIBYA PAY for regime-change bombing campaignSelf-proclaimed President-elect Joe Biden has chosen a budget director, Neera Tanden, who once argued the US should ease funding shortages for left-wing social programs by making countries like Libya pay for being bombed.
- ‘That’s a Ponzi scheme’: RT’s Keiser Report looks into US deflationary spiral caused by nonstop ‘printing of debt’Bond investors have started to debate whether the United States is heading into a deflationary spiral, even after trillions of dollars of stimulus has been injected into the coronavirus-hit global economy.
- US unemployment soars to over 30 MILLION as coronavirus pandemic wrecks economyFirst-time filings for unemployment insurance hit 3.84 million in the week ending April 25, the US Labor Department announced on Thursday.
- US economy dives to start year amid business shutdown & worst is yet to comeUS gross domestic product (GDP) fell 4.8 percent in the first quarter of 2020 amid the coronavirus pandemic lockdown, according to data released by the Department of Commerce on Wednesday.
- Federal Reserve’s actions led to ‘total bust’ of US economy, chief strategist tells RT’s Boom BustThe US Central Bank said this week that it will widen the number of local governments from which it will buy debt through a forthcoming lending program. More than 200 municipalities will be allowed to participate.
- US weekly unemployment hits 4.4 million, bringing coronavirus lockdown total to more than 26 millionThe US Labor Department said on Thursday that unemployment has continued to rise at a historically unprecedented pace. Another 4.4 million applications filed last week has brought the total in the past five weeks to 26.4 million.
- ‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumblesAt a time of weak economic growth and increased market volatility, analysts are getting more bullish on gold. According to Bank of America, the precious metal is headed 78 percent higher, to hit $3,000 per ounce in 18 months.
- Death of US retail was a long time coming and coronavirus was just final nail in coffin, ex-Fed insider tells Boom BustThe coronavirus lockdown has caused most US department stores to shut, threatening their survival. But even without the impact of virus, many retailers would still eventually have collapsed, a former Fed insider believes.
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