Category: U.S. Federal Reserve

Crowding-Out: The Fed May Be Killing the Private Sector to Save Government

May 2, 2023
monetary policyOpinionU.S. Federal ReserveUS inflationViewpoints
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Commentary The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed $3 trillion by 2024. The normalization of monetary policy was built on the idea of a soft landing for the economy. However, the Fed may be killing the private…

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Federal Reserve Collaborates With Other Central Banks to Establish Liquidity Measures

March 19, 2023
Asia & PacificBank of JapanBusiness & MarketsCanadaeconomic policieseconomyEuropeMarketsSwiss National BankU.S. Federal ReserveUSWorld
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The U.S. Federal Reserve announced on Sunday that it is collaborating with some of the world’s largest central banks to enhance liquidity provision by strengthening the standing of U.S. dollar liquidity swap line arrangements. The central banks will increase the frequency of seven-day maturity operations from weekly to daily to improve the effectiveness of the…

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Federal Reserve, Other Central Banks Announce Joint Liquidity Measures

March 19, 2023
Asia & PacificBank of JapanBusiness & MarketsCanadaeconomic policieseconomyEuropeMarketsSwiss National BankU.S. Federal ReserveUSWorld
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The U.S. Federal Reserve announced on Sunday that it is collaborating with some of the world’s largest central banks to enhance liquidity provision by strengthening the standing of U.S. dollar liquidity swap line arrangements. The central banks will increase the frequency of seven-day maturity operations from weekly to daily to improve the effectiveness of the…

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NTD Business (Feb. 7): AI Search Engine War: Microsoft Versus Google; McCarthy Suggests ‘Responsible’ Debt Increase

February 7, 2023
EpochTVGoogleHouse Speaker Kevin McCarthyLive VideosmicrosoftNTD BusinessU.S. Federal ReserveVideo
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Microsoft search engine Bing has integrated with AI technology. At the same time, Google is working hard on its own AI chatbot, Bard. Who will win the war for search engine dominance? Ahead of President Joe Biden’s State of the Union Address Tuesday night, House Speaker Kevin McCarthy is calling on the president and Democrats to…

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NTD Business (Jan. 13): Lawmaker Calls to Audit Federal Reserve; SEC Sues Crypto Firms Gemini and Genesis

January 13, 2023
EpochTVLive VideosNTD BusinessSEC - U.S. Securities and Exchange CommissionTim CookU.S. Federal ReserveVideo
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The Securities and Exchange Commission sues two major crypto firms, accusing them of illegally selling securities. This comes after one of the firms froze customer withdrawals, putting $900 million at stake. Apple CEO Tim Cook is getting a big pay cut after shares fell more than 25 percent last year. A congressman is calling to…

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White House Exploring Risks, Benefits of Central Bank Digital Currency

September 21, 2022
Business & MarketsCBDCcentral bank digital currencycryptocurrencyeconomyMarketsprivacyregulationU.S. Federal ReserveUSUS News
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The Biden administration is “closely examining” the possibilities for issuing a central bank digital currency (CBDC) based on a technical report prepared by the White House Office of Science and Technology Policy (pdf), along with other reports. “If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost…

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Global Container Freight Rates Have Halved Since March as Demands Drop and Inflation Looms

September 15, 2022
Business & MarketsChinaChina Business & Economycontainereconomyenergy crisisEuropeEuropean Central Bank (ECB)freightglobal recessioninflationinterest ratesInternationalU.S. Federal ReserveWorld
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Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…

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Global Container Freight Rates Have Halved Since March as Demand Drops and Inflation Looms

September 15, 2022
Business & MarketsChinaChina Business & Economycontainereconomyenergy crisisEuropeEuropean Central Bank (ECB)freightglobal recessioninflationinterest ratesInternationalU.S. Federal ReserveWorld
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Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…

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Dollar Steady With Fed in Focus, Swiss Franc Strongest vs Euro Since Jan 2015

September 15, 2022
Business & MarketscryptoDollarinflationMarketsU.S. Federal Reserve
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SINGAPORE/LONDON—The dollar held near recent peaks on Thursday, supported by the view that the Federal Reserve will keep tightening policy aggressively, while the Swiss franc hits its strongest against the euro since the Swiss National Bank removed its floor under the currency in 2015. The franc rose 0.5 percent against the euro to as high…

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CCP Intelligence Recruits US Federal Reserve Economists, Congressional Investigators Reveal

July 26, 2022
ChinaNational SecuritySen. Rob PortmanThousand Talents ProgramU.S. Federal ReserveUSUS-China relations
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Chinese intelligence has a systematic and well-funded campaign that successfully recruits U.S. Federal Reserve System economists and others to provide sensitive financial information and data in exchange for money and other benefits, according to Sen. Rob Portman (R-Ohio). “This investigation makes clear that China’s malign efforts at influence and information theft are not limited to…

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