The Fed is dominated by stodgy economists without business experience. But would we like it any better if it was staffed by CNBC junkies? Peter Conti-Brown reviews “Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America” by Danielle DiMartino Booth.
Category: Ben Bernanke
Stop Dancing To The Fed’s Fiddle
For the first time in almost a decade, the market shrugged off a significant move by the Fed when it increased its rate by 0.25%. Of course, the market had anticipated the increase for a year, and so, priced it in earlier.
Fed eyes promising future of growth under ‘Trumponomics’ :0
Janet Yellen held a pep rally for President-elect Donald Trump on Wednesday when she reluctantly endorsed his economic plan. The Fed chiefs under President Obama – Ben Bernanke and Yellen – were only able to raise rates twice in eight years, counting Wednesday’s 0.25 percent hike .