Back in 2021, little seemed good. Inflation ignited after pandemic disruptions and when the federal government spent $5 trillion to keep the economy afloat. Many in Congress questioned Powell's rapid rate increases and predicted disaster. Sen. Elizabeth Warren (during June 22, 2022 hearing):And ...
“If you want to bury an idea in Washington, form a commission,” Grant quipped. “The DOGE Commission, the directive on government efficiency, ladies and gentlemen, has two CEOs.” He added, “To bring down government spending and to reduce the growth in public debt, President-elect Trump...
Both benchmarks are guided by the same macroeconomic forces, but at its most basic level, Treasury yields rise and fall due to investors’ expectations for inflation and economic growth, along with the public’s appetite for borrowing from the government....
“extraordinary measures” to keep funding the government. If Congress fails to raise or suspend the limit, the US risks defaulting on its obligations, which could have catastrophic financial repercussions. In turn, Congress has chosen the path of raising the debt ceiling every few years and is ...
The current scenario is simple: the U.S. is correcting its own previous mistake, with the whole world suffering from high risks of economic recession, domestic inflation and widespread financial crisis and debt crisis. The Fed and U.S. government will not care about the world,...
The public debt could approach 100 percent of U.S. GDP by the end of the next decade and 152 percent by 2048, reaching the highest level in the U.S. history, according to the CBO.
In this episode, Kathy and Liz Ann discuss the broader macroeconomic outlook and central bank policy for the second half of the year. They cover topics such as inflation, Fed policy, the U.S. economy, the labor market, and the impact of debt and deficits. They also highlight the importan...
are keenly aware (and possessed of existential fear, loathing, and dread) that they have created the largest credit and financial asset bubbles in world history, but they cannot prick the massive global bubble without causing the largest global debt- and asset-deflationary crash in world history....
public through legal tender laws. Federal Reserve Notes are referred to as dollars but are not. The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government. ...
Elon Musk, who is leading President Donald Trump’s Department of Government Efficiency aimed at cutting back on government spending, said last month the Federal Reserve is “absurdly overstaffed.” The Tesla CEO has promised to help cut the number of federal government employees as a means of...