Federal Reserve

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    The Fed Is Not All-Knowing, But The Market Is

    This week, Dr. Roy Cordato wrote a research brief for the John Locke Foundation on the Federal Reserve. In it, Dr. Cordato explains the Federal Reserve plays a central role in the economy – namely setting the Federal Funds rate and the discount rate. Cordato explains: [T]he Federal Funds Rate…
    Brenee Goforth, December 2, 2019
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    Congress examines Federal Reserve on transparency

    The House Financial Services Oversight and Investigations Subcommittee held a hearing today to examine the lack of transparency and accountability at the Federal Reserve.  For each congressional committee meeting there are experts called into testify on the topic.  For this committee, two fellow SPN think tanks were represented, the American…
    Sarah Curry, July 14, 2015
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    Discussions of reducing small banks’ regulatory burdens on Capitol Hill

    Saw this article on the Wall Street Journal and thought it was relevant with there being so many small banks in North Carolina…. Senate Banking Committee Chairman Richard Shelby (R., Ala.) said he and Federal Reserve Chairwoman Janet Yellen, in a meeting Tuesday, discussed his plans for a…
    Sarah Curry, March 11, 2015
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    Charlotte based Bank of America fined by the SEC

    According to the Charlotte Observer, Bank of America has agreed to pay a $7.65 million civil penalty to settle charges resulting from the Charlotte bank’s multibillion-dollar miscalculation of its capital ratios, a regulator said Monday. The penalty announced by the Securities and Exchange Commission comes after the bank…
    Sarah Curry, September 30, 2014
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    A century of failure: for the Federal Reserve apologists

    Since the role of the Federal Reserve and its impact on the economy is becoming an issue in the GOP campaign, I encourage people to take in this lecture by George Selgin. He is a sharp, dispassionate economist, and he gives a tight overview of its record (40 minutes).
    Fergus Hodgson, January 14, 2012