Political Capital

Posts tagged: federal reserve

Timothy Geithner, U.S. treasury secretary, right, talks to Lawrence " Larry" Summers, outgoing director of the U.S. National Economic Council, before U.S. President Barack Obama signed an $858 billion bill extending for two years Bush-era tax cuts in Washington, D.C., on Dec. 17, 2010.

Photograph by Andrew Harrer/Bloomberg *

Timothy Geithner, U.S. treasury secretary, right, talks to Lawrence " Larry" Summers, outgoing director of the U.S. National Economic Council, before U.S. President Barack Obama signed an $858 billion bill extending for two years Bush-era tax cuts in Washington, D.C., on Dec. 17, 2010.

Summers ‘Thrill’ Topped ‘Torture’: Geithner Says With Smile

Timothy Geithner, the former Treasury secretary making the rounds with his new book, spoke today of the abyss the United States faced in the fall of 2008, the prospect of a panic-driven financial crisis prompted by a freezing of credit....

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Customers check out at a Costco Wholesale Corp. store in San Francisco

Photograph by David Paul Morris/Bloomberg

Customers check out at a Costco Wholesale Corp. store in San Francisco

Good News for Fed, Less So For Average Joe

Federal Reserve policy makers may be breathing a tad easier today after the Bureau of Labor Statistics’ consumer price report showed diminishing odds of deflation. Higher costs for food and rent helped boost consumer prices 0.2 percent in March, the...

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An aerial view of homes in Henderson, Nevada.

Photograph by Ethan Miller/Getty Images

An aerial view of homes in Henderson, Nevada.

Bloomberg by the Numbers: $4.23 Trillion

Federal Reserve banks had about $4.23 trillion in total assets as of March 26. Most of the Fed’s holdings are in U.S. Treasury securities ($2.31 trillion) or mortgage-backed securities ($1.6 trillion). The Federal Open Market Committee “has kept the benchmark...

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Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Yellen: Meaning of ‘Some Time?’ — ‘Indirect Pushback’ Seen

It depends on what the meaning of  “some time” is. Federal Reserve Chair Janet Yellen got everyone’s attention — meaning the stock markets — when she said at a press conference on March 19 that the Fed might start raising...

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Job seekers at a job fair in New York on Jan. 16, 2014.

Photograph by Victor J. Blue/Bloomberg

Job seekers at a job fair in New York on Jan. 16, 2014.

Brookings Papers Turn Conventional Wisdom on Its Head

As The Brookings Institution holds its Spring 2014 Papers on Economic Activity conference, a summary of some interesting findings: One in three American households live hand-to-mouth, spending every disposable penny they make. Two-thirds of them aren’t poor, a paper by...

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Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Bloomberg by the Numbers: $55 Billion

The Federal Reserve is scaling back its monthly securities purchases to $55 billion from $65 billion. The Fed’s stimulus program is “not on a pre‐set course and the committee’s decisions about the pace of purchases remain contingent on its outlook...

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Kaitlin Foran, a senior at the College of Charleston in South Carolina, speaks with a prospective employer at a job fair during the 41st annual Conservative Political Action Conference on March 8, 2014 in National Harbor, Maryland.

Photograph by T.J. Kirkpatrick/Getty Images

Kaitlin Foran, a senior at the College of Charleston in South Carolina, speaks with a prospective employer at a job fair during the 41st annual Conservative Political Action Conference on March 8, 2014 in National Harbor, Maryland.

Bloomberg by the Numbers: 2,028,000

That’s about how many people were newly unemployed in February, according to the U.S. Labor Department. The 2,028,000 who lost a job last month after holding one in the previous month rose for the third consecutive month, from 1,910,000 in...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, at the Brookings Institution in Washington, D.C., on Jan. 16, 2014.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, at the Brookings Institution in Washington, D.C., on Jan. 16, 2014.

Bernanke at Brookings: ‘Rescuer-in-Chief’ in Residence

Ben Bernanke reigned for two terms as chairman of the Federal Reserve and is widely credited for steering the American economy through its worst crisis since the Great Depression, of which he is a student. Bernanke has a new forum...

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