The Radford Free Press – Page 271 – All life is problem solving.

Economics / Bernanke, Federal Reserve Board, inflation, interest rates, monetary policy, unemployment /

The Fed Acts

September 21, 2011

Look for Bernanke to be burned in effigy at the next meeting of the Republican Party leadership. In defiance of the brazen attempt to interfere with Fed independence by that leadership – if that word is appropriate – the Fed announced today that it was going to engage in yet another new trick in order […]

Economics / construction, foreclosures, home prices, mortgages, real estate, recovery /

Home Sales Bounce Up

September 21, 2011

Committed as I am to the spirit of balance, I have to report briefly on today’s good news. Sales of existing homes rose 7.7% in August. Of course they are still way below the unsustainable pace reached at the peak of the bubble – they are pottering along at an annual rate of about 4.9 […]

Commentary, Economics / Bernanke, Federal Reserve Board, interest rates, monetary policy, stimulus, unemployment /

Republicans and the Fed

September 21, 2011

In the category of bald faced hypocrisy, this week’s attempt by the Republican Congressional leadership to strong arm the Fed, must surely scale new heights. Here’s the Associated Press story: WASHINGTON (AP) ‰ÛÓ Republican leaders of the House and Senate are urging Federal Reserve policymakers against taking further steps to lower interest rates. On the […]