federal reserve book

The Federal Reserve Meeting – testimony from Chairman Jerome Powell

On: March 1, 2018

In: Finance, Financial Independence, Infinite Banking, Inflation, interest

The Federal Reserve MeetingsJerome Powell Testimony The Federal Reserve Meetings with testimony from Chairman Jerome Powell. The Federal Reserve, the Central Bank of the United States, meets regularly to discuss financial issues and economic conditions. Chairman Jerome H. Powell testified before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. on March 1, 2018. Chairman Powell submitted identical remarks to the Committee on Banking, Housing and Urban Affairs, and the U.S. Senate. In his testimony, Chairman Powell said the central bank does not see strong evidence of wage inflation and that there is no evidence that the U.S. economy is overheating. FEBRUARY 27, 2018 MonetaryRead More →

"The current fiscal policy is unsustainable. We are heading to a future where we'll have to double federal taxes or cut federal spending by 60%." David Walker, Comptroller General of the United States "The fate of the world economy is now totally dependent on the stock market, whose growth is dependent upon about 50 stocks, half of which have never reported any earnings." Paul Volcker, 1999, former Federal Reserve Chairman "My friends, there is good news and bad news. The good news is that the full faith and credit of the FDIC and the U.S. Government stand behind your money in your bank. The bad news for you, my fellow taxpayers, is you stand behind the U.S. Government." L. William Seidman, former head of the Federal Deposit Insurance Corp. (FDIC) "In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population." Ben S. Bernanke, Chairman of the Federal Reserve System "Because the Social Security trust fund does not consist of real economic assets, we are left to rely on the federal government's future decisions to either raise taxes, reduce spending or increase borrowing from the public to finance fully Social Security's promised benefits." Paul O'Neill, former Treasury Secretary "As a nation we have already made promises that we will be unable to fulfill." Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

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federal reserve book

The Federal Reserve Meeting – testimony from Chairman Jerome Powell

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