Tag: Federal Reserve
Blaming Banks or Government for Not Enforcing Their Side of the Bargain? (Swiss Referendum 3/3)
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot be solved by trying to control the money supply while…
What Do Banks Do For The Real Economy? (Swiss Referendum Pt 2/3)
Jo Michell explains the argument in favor of stripping banks of their ability to create money is based on a fundamental misconception of how the monetary and financial system operate and the economy would be…
Why is Argentina Entering into a New Economic Crisis?
CEPR co-director Mark Weisbrot lays out the roots of Argentina’s latest economic crisis, which have to do with the government’s massive foreign borrowing spree, deepening austerity measures, and rising Federal Reserve interest rates Visit https://therealnews.com…
Neoliberal Policies Are Tanking the Argentine Economy
Even with the IMF’s largest loan ever, Argentina cannot seem to avoid rising unemployment, high inflation, and recession. CEPR’s Mark Weisbrot explains that this is because they are following the usual failed neoliberal recipe Subscribe…
Trump’s Fed Nominee Has “Far Out Ideas,” But Criticism of the Fed is Important
Stephen Moore, Trump’s new nominee for the Federal Reserve Board, has some wacky ideas, but is correct about the need to keep interest rates low, says CEPR’s Mark Weisbrot Subscribe to our page and support…
Fed Comes to its Senses, Lowers Interest Rate
After causing almost every recession of the past several decades, the Federal Reserve is lowering interest rates before a recession takes hold. This represents an important shift in the Fed’s policy, says CEPR’s Mark Weisbrot…
Central Bank Independence Is a Myth. They Need to Be Democratized.
Gerald Epstein discusses his new book, a collection of essays on how central banking is shaped, how it shapes the economy, and how it can be made more responsive to people’s needs. Subscribe to our…
A Coronavirus Bailout Will Save Corporations, Not Workers
What happened to the cash from the last bailout? Industries spent it all on stock buybacks and are now looking for billions more in relief from the impact of coronavirus. Director/Video Editor: Will Arenas Audio…
Stock Market Gyrations Signal Serious Trouble Ahead
Although the connection between the stock market and the general economy is not as close as it used to be, we are overdue for a recession and so the recent stock market upheaval is a…
The Debt Delusion: This Is Not The Time To Worry About Deficits
Economist John Weeks says his new book, “The Debt Delusion: Living Within Our Means and Other Fallacies,” applies to the coming economic crisis caused by the coronavirus outbreak. Director/Video Editor: Will Arenas Chase Producer: Genevieve…
How rising interest rates are affecting Americans
The average interest rate on a credit card in November 2021 was 16.4%. As of September, the average credit card interest rate is nearly 24.5%. Javier David, managing editor at Axios, joined CBS News to…
Stock futures up after Congress averts government shutdown
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central…
Job openings rise unexpectedly, August data shows
Jobs in the United States rose higher than experts predicted, according to new August data released Tuesday. Carleton English, a reporter at Barron’s, joins CBS News ahead of new unemployment data expected on Friday. #news…
U.S. jobs soared far beyond expectations in September
Businesses are still hiring at a high rate as consumer spending remains robust. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS News with some of the indicators of where the economy…
Inflation, Europe’s energy crisis, and the Fed with Richard Wolff | The Chris Hedges Report
Read the transcript of this interview: https://therealnews.com/richard-wolff-the-feds-response-to-inflation-is-another-upward-transfer-of-wealth The Federal Reserve has responded to runaway inflation by hiking up interest rates at the same time that Americans are drowning in historic levels of personal debt. With…
Oil prices surge amid war between Israel and Hamas
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of “The Street,” joins CBS News to discuss what the spike means for U.S. investors. #news #oil #israel CBS News…
