Monthly Archives: September 2013

Fed’s George: Size of Initial Taper May Not Matter Much

The scale of the first reduction in asset purchases by the Federal Reserve is not as important as the clarity with which it communicates about where its policies are heading, a top U.S. central banker said on Thursday.

Posted in Finance

GOP Caduseus Nooseus

138091 600 GOP Caduseus Nooseus cartoons

Posted in healthcare, Humor, Republican

MSNBC: Get Out Of Coup Free Card

Today’s MSNBC appearance, in which I lay out how Speaker Boehner can cut the Tea Party loose, avert a debt default, defeat any possible coup attempt and make history.

Visit for breaking news, world news, and news about the economy

Posted in Liberal Thoughts

UBS Cuts US Dollar Recommendation to Neutral on Fed Decision

UBS AG, the world’s biggest wealth manager, is reducing its recommendation on the U.S. dollar versus the euro to neutral after the Federal Reserve opted to maintain its bond-buying program.

Posted in Finance

Kocherlakota: Fed Must Do ‘Whatever It Takes’ to Spur Growth

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota, a voter on policy next year, said the Fed must do “whatever it takes” to strengthen a job market that is healing too slowly.

Posted in Finance

Fed’s Lacker: Hard to Start Tapering in October Without Losing Face

The Federal Reserve will find it hard to rein in monetary policy next month without losing face after it surprised markets by holding fire last week, a top Fed official said.

Posted in Finance

JPMorgan CEO Meets With US Attorney General

JPMorgan Chase & Co. CEO Jamie Dimon met Thursday morning with U.S. Attorney General Eric Holder as the nation’s biggest bank attempts to end federal and state investigations into its liability for selling shoddy mortgage securities.

Posted in Finance

Mortgage Rates Slide With 30-Year at Two-Month Low of 4.32 Percent

Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve’s decision last week to hold off slowing its monthly bond purchases.

Posted in Finance

Peter Schiff: Yellen Will Go Down as Worst Fed Chairman in History

Janet Yellen, who will likely serve as the next Federal Reserve chairman, would probably be the worst Fed chief in history, says Peter Schiff, CEO of Euro Pacific Capital.

Posted in Finance

New $100 Bill Has Ink Well, More Color, 3-D

A glitzier, high-tech version of America’s $100 bill is rolling off the presses and headed for wallets soon.

Posted in Finance