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Tag Archives: Federal Reserve
The Coming Fiscal Cliff – Jump!
Federal Reserve Chairman Ben Bernanke coined the term “fiscal cliff” to describe the situation which will begin in 2013 when income tax rates rise and federal spending declines. The non-partisan Congressional Budget Office (CBO) forecasts that a recession will likely occur under … Continue reading
The Fed Strikes (out) Again!
The August 10, 2011 news headlines boldly announced – the Federal Reserve Bank (Fed) guaranteed super-low interest rates for two more years. What beliefs underlie such an historic declaration and what are the likely consequences?
Posted in Economics, Money
Tagged Federal Reserve, interest rates, pension funds, retirees
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