Janet Yellen assures us that the global economy does not pose a meaningful threat to the U.S. economic recovery. She does so in seeming disregard of a currency crisis that has now engulfed a number of major emerging market economies as well as of clear signs of slowing in China.
The February 11 testimony of Janet Yellen, the new Chairman of the Federal Reserve Board, to the House Financial Services Committee, described the Fed as “transparent and accountable.” However dubious a description this may be, four transparent intentions of the Fed did come through.
Quantitative easing and fiscal stimulus are becoming less effective. The reason is the same as the reason that antibiotics, overused in an attempt to cure infections including common colds, are becoming less and less effective with more intensive use: endogeneity.
As the Federal Reserve now begins unwinding its unprecedented quantitative easing program, one would think that it would be well served by being mindful of Wall Street’s turkey adage — when the winds are strong even turkeys fly. For never before has global liquidity been as ample as it has been in the past few years.
Testimony for the House Financial Service Committee’s Subcommittee on Monetary Policy and Trade.
Wasn't the much-maligned QE that the Fed has begun to taper/reduce supposed to be causing a stock market bubble? So why does starting to take it away trigger a sharp stock market rally?
In this conference, veterans of the Iraq and Afghanistan wars, mental health and disability experts, and an economist will discuss current hurdles to rehabilitation, and suggest alternatives that could more effectively expedite the reintegration of veterans into their families, communities, and workplaces.
Please join Representative Randy Forbes (R-VA), AEI, the Heritage Foundation, and the Foreign Policy Initiative for a timely discussion on the 2014 QDR and the future of American defense strategy in an era of constrained budgets.
This event is livestream only.
AEI’s Philanthropic Freedom Project welcomes Bill Gates for an exclusive event at AEI.