federal reserve

The Federal Reserve announced that it would buy $40 billion every month in mortgage-backed securities until the labor market improves substantially.  The program, dubbed “QE3″, was called a “revolutionary shift in the Fed’s policy reaction function,” by senior economist at BMO Capital Markets in Toronto, Michael Gregory.  Helicopter Ben Bernanke’s new economic stimulus plan involves printing vast sums of [...]

Almost every week there’s a story in the news about a huge hurricane, earthquake, fire, or flood.  While there’s no way to tell ahead of time when a disaster will strike or how bad it will be, we can still prepare.  One of the best things we can do now to help protect ourselves and [...]

At the latest Federal Reserve board meeting, the consensus is that the U.S. economy is improving (HUH?) and interest rates will remain at record lows.  Well, that makes sense-banks are loaning money to individuals at low levels too, between 4-5%.  The Federal Reserve must be loaning money to central banks at a similar rate, right?  [...]