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The Federal Reserve Raises Rates Hauntings from The Creature from Jekyll Island The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent. In a statement that marked the end of the era of “accommodative” monetary policy, Fed Chairman Jerome Powell said the removal of the wording did not signal a policy outlook change. “Instead, it is a sign that policy is proceeding in line with our expectations.” said Powell. “The labor market has continued to strengthen … economic activity has been rising at a strong rate,” it said in its statement. While interest ratesRead More →

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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 →

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The Federal ReserveThe Creature from Jekyll IslandBook and Audio from G. Edward Griffin The Creature from Jekyll Island-A Second Look at the Federal Reserve is a non-fiction book written by G. Edward Griffin. In this posting we will provide an opportunity for you to download a shortened audio version of the book to help you gain knowledge of how the Fed was created and what it stands for. Where does money come from? Where does it go? Who makes it? The money magicians’ secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create theRead More →