The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
In the category of famous last words about the investment bubbles and bottoms, the legendary investor used the phrase “it's different this time.” He used it to explain away how all his very smart buddies got it so wrong in the last year, and how hard it is to make investing decisions right now.
Across Wall Street some investors are starting to wonder if the Fed will actually make the nation’s economic troubles worse in the long run.
"Most high-earning execs will find their next job through networking," says one expert. "The old tricks are not working anymore. You can't just shop your resume around."
You have to figure that Ben Bernanke disagrees with GE's economic outlook. Or why would he have unleashed the Fed's balance sheet as he did in yesterday's surprise move, asks Vince Farrell.
In a surprise move, the Fed announced a massive expansion of their balance sheet yesterday and has embarked on an aggressive pursuit of quantitative easing.
Is everyone listening to Ben Bernanke? He's made it clear that 1) in housing, he's buying mortgage backed securities to get rates down, 2) in the private credit markets, he's buying Treasuries, and 3) in consumer lending, he's helping out with the TALF program.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalsefalsefalse While Washington was fully engaged in its ritualistic circular firing squad in the AIG bonus debacle, the Federal Reserve shocked markets yesterday by committing a badly needed act of competence.
Well, the Federal Reserve chairman didn’t say that exactly. But the central bank’s announcement Wednesday sure seemed to imply it.
With no major explosions roiling the financial markets and the Fed sparking optimism, investors are starting to ask, “has the worst of the storm now passed?”
Wall Street commentary on today's Fed announcement continues to roll in—and it is almost uniformly positive.
We need to keep in mind the reason the Fed took its actions is that the economy is so bad that truly extraordinary moves were required.
The Federal Reserves recent bold moves are just what the market needs, Cramer says.
Bernanke delivers on his promise not to hold back. Ben Bernanke has consistently said one of the reasons the Great Depression was so bad was that the federal government did not respond aggressively enough.
Below is the statement released by the Federal Open Market Committee after its Mar. 17-18 meeting on interest rate policy:
So what does the Fed do now? Many desks are hopeful that the Fed will be expansive in its statement today.
What follows below is the transcript of my interview with legendary former General Electric Chairman & CEO Jack Welch on The Kudlow Report last night.
Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.
The Federal Reserve has no option but to start buying Treasurys as the government's needs for financing are huge, but the government bond market is a disaster in the making, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC.
Cramer’s former punching bag seems to have made an inspired turnaround.
The show celebrates its fourth anniversary this week. Cramer took the time to renew his vows, so to speak, to viewers.