One of the key regulatory roles of the FRB is to oversee the commercial banking sector in the United States. Most national banks must be members of the Federal Reserve System. However, they are regulated by the Office of the Comptroller of the Currency (OCC). ...
According to theFederal Open Market Committee’s (FOMC)minutes,released on Tuesday, some members think inflation targetting would be a useful way to persuade people that prices will not fall, i.e., forestall deflationary expectations. WSJ.com seems to havethe interpretation about right, “The ad...
So, in an ideal world, we would have a Flagrantly Overvalued Market Committee (FOMC) consisting of distinguished academic economists. I have some FOMC members to nominate, but first let me be clear: I am not claiming these individuals have the infallible ability to perfectly time the market. ...
December 15 (King World News) –Peter Boockvar: The Fed did what the market has basically expected and where the fed funds futures were priced, double the taper and with 10 members expecting 3 hikes in 2022 with 5 others saying two. We of course don’t k...
Zhu Xian, vice-president of the World Bank, has been picked by China as one of the four vice-presidents.” So who will be running the “fresh, new” BRICS Bank? Guys who hang out at Davos, who help run the “tainted, old” IMF and World Bank, and who are trained by...