Meanwhile, those who borrow at 100 basis points over fed funds to buy attractively priced liquid securities will probably make out like bandits.
If confirmed by the Senate, Bernanke will take over as Fed chairman when Greenspan retires on January 31, 2006.
The new president would have to hew to one rule: Wall Street would likely have veto power over any Fed chairman decision.
While several Republican members of the House made good points, they many times ended up speaking over the Fed Chairman, failing to allow him a response.
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Now that the crisis has blown over, the Fed wants things to get back to normal.
That makes the uncertainty over whether the Fed will undertake a second round of quantitative easing vexing.
Yes, the dollar price of gold can be volatile, but that's the result of people's uncertainty over what the Fed is going to do about the dollar.
Two interesting wrinkles to the latest version of these tests: banks get a one-time do over if the Fed rejects their capital plan and a key measure of risk-weighted assets has gotten more stringent.
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When pressurized water is fed over such an intersection, the pressure pushes down the thin layer of rubber, separating it from the fluid below, and it clamps shut the fluid channel below, like stepping on a hose.
For that matter, is the Fed over-tightening?
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Store credit card issuers as a whole have taken flak from the Fed over the past couple of years because of the way they instantaneously approve consumers at the register, rather than truly evaluating their credit and the likelihood that they will be able to pay back their debt.
They earn less than their better-fed peers over their lifetimes, marry poorer spouses and die earlier.
First, it shows the extraordinary power that the Fed has over markets now.
Thus the monetary impact of Fed activities over the year has been substantially less than implied by the doubling of its assets.
Sadly, handing the alleged wise men at the Fed control over prices is every bit as mistaken as allowing the central bank to manage unemployment.
Fed activity over the next several years will be as follows.
Bond investors are worrying over how long the Fed will keep buying as they await a statement on policy Wednesday from the U.S. central bank.
If it were to try to do so, holders of dollars could over-rule the Fed by turning in the extra dollars for gold, forcing the Fed to reverse its policies.
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The email and the draft filing are just the latest revelation to flow from 250, 000 documents the New York Fed turned over to the House Oversight Committee in response to a subpoena.
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Sporting a white baseball cap that that reads, "100% American Citizen, " Schwartz says she believes that SB 1070 came about because law enforcement in Phoenix was fed up over not being able to ask suspects about their immigration status.
The New York Fed turned over 250, 000 documents and emails in response to a subpoena by the committee, which is particularly focused on the counterparty payments, which critics call a back door bailout of the biggest Wall Street firms.
Electrodes picked up the brain activity of the first rat, the "encoder", and fed it over the internet into the brain of its partner, the "decoder", which had the same levers in its cage but received no visual cues about which one to press.
If Ben Bernanke, who has been given another turn as chairman of the Federal Reserve, would decisively declare that the Bush era's weak-dollar policy is over and that the Fed's monetary policy will henceforth be guided by commodities in general and gold in particular, the value of the dollar would soar--and without a single greenback having been withdrawn from circulation.
The documents' release was ordered by Congress, and will be picked over by critics of the Fed's stimulus packages.
Congress has been pushing for greater investigative authority for the GAO to probe the Fed, especially over its handling of the financial crisis.
" He did not make it sound as it was over by underscoring that the Fed is at "a point of no return.
While the Fed last met over July 31 and August 1, the minutes of that FOMC meeting, released on Wednesday August 22, sparked a risk-asset rally that sent gold through the roof.
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Lost in five years of opining on quantitative easing has been a more significant but less known internal debate the Fed has had over an aspect of the relationship between unemployment, GDP, and inflation.
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There is unease on Capitol Hill over an expanded role for the Fed and continued Balkanisation.
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