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Fox in the Hen House: Why Interest Rates Are Rising

Fox in the Hen House: Why Interest Rates Are Rising

    By Ellen Brown The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth […]

Federal Reserve boosts lending rates for first time under Obama

After one of the longest wind-ups in monetary policy history, salve the Federal Reserve on Wednesday delivered a small brushback pitch to the American market, hospital raising its key lending rate by a quarter of a percentage point for the first time in nine years. The decision, meant to head off future inflationary pressure as […]

Senate moves toward maintaining monetary status quo

Senate moves toward maintaining monetary status quo

By George Miller The Senate Finance Committee, in a 14-8 bipartisan vote, approved Janet Yellen, current vice chairwoman of the Board of Governors of the Federal Reserve System  (photo-L), Obama’s nominee to replace Ben Bernanke as Federal Reserve Chair. A full Senate vote would still be needed to confirm her. Bernanke, a Bush appointee, served through […]