With consistent regulation it is unlikely that we will need the five current regulatory groups--the Fed, Comptroller of the Currency, Office of Thrift Supervision, the FDIC and state banking regulators.
Current regulators--Treasury, the Fed, the FDIC, the comptroller of the currency and the SEC--have it within their powers to cease this nonsense.
Unless Wall Street falls sharply or the dollar climbs (unlikely, given America's widening current-account deficit), the Fed, if it is to slow America's economy to prevent a pick-up in inflation, must push interest rates higher.
Photographer Tommy Ton, who shoots pictures of well-dressed editors at fashion shows for Style.com, is fed up with women wearing only current-season clothes from head to toe.
The current Fed regime has been non-traditional in so many ways, we should probably not expect anything quite so linear and relentless.
Another option may be for the Fed to extend its current Treasury debt-buying program, known as "Operation Twist, " beyond its scheduled June end.
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If growth peters out, bond yields will fall further but bad loans will rise and the difference between short- and long-term rates will narrow, since there is little scope for the Fed to push short-term rates down further than their current 1%.
It was those current-account figures, remember, that caused the dollar to plunge and forced the Fed to raise interest rates sharply.
He added that inflation was running below the Fed's long-term target of 2% and said current monetary policy was helping to counter "incipient deflationary pressures".
The recommendation still calls for a major decrease from current fees of around 44 cents, but it is milder than the initial 7-12 cent cap proposal by the Fed last year.
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More accurate are the opinions of those who believe that without a more serious intervention from the Fed, which can only mean another round of quantitative easing (QE III), the current quasi-recovery will soon fade and the tides of recession will overtake us once again.
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Nassim Nicholas Taleb, the author of The Black Swan fame has written a new book titled Anti-Fragile: Things That Gain From Disorder in which he provides a reasoned basis for believing that the current Fed policy will bring us way more inflation and much sooner than expected.
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