Even Fed’s Lowest Lowball Inflation Measure Spikes Relentlessly: Parallel Isn’t 1982, but 1974, When Powell was in College by Wolf Richter • Dec 23, 2021 • 172 Comments But even the comparison to 1974 fails because back then, the Fed had already pushed short-term rates to 9%. Today: most reckless Fed ever.
Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion by Alex J. Pollock • Nov 17, 2021 • 176 Comments After 13 years with on average negative real returns to savings, it is time to require the Fed to address its impact on savers.
Oh Lordy, Yellen Comes Out for Higher Interest Rates: “A Plus for Society’s Point of View and the Fed’s Point of View” by Wolf Richter • Jun 6, 2021 • 291 Comments “We want them to go back to” a normal interest rate environment.
“Cash Has Been Trash for Years, But Soon it May Be the Only Haven for Investors”: Bill Gross is at it Again by Wolf Richter • Jun 1, 2021 • 163 Comments “Inflationary pressures pose increasing price risks to Treasuries & stocks” as the Fed will react.
The Credit Card Hustle by the Banks & the Fed Hits Rough Spot by Wolf Richter • May 16, 2021 • 170 Comments Are Americans finally figuring it out as they’re paying down their credit cards by record amounts? So far, $25 billion a year in lost interest income for the banks!
What Does the Fed See Heading at Big Banks? Blocks Share-Buybacks, Slaps on Dividend Caps Due to “Economic Uncertainty” and “Cushion Against Loan Losses” by Wolf Richter • Sep 30, 2020 • 78 Comments My Big-Four Bank Index already got crushed back to 2004 level.
Treasury Market Smells a Rat: Steepest Yield Curve Since 2017 Despite QE by Wolf Richter • Jun 4, 2020 • 140 Comments Market worrying about a phenomenon much worse than stagflation?
The Fed Slaps Down Negative Interest Rates by Wolf Richter • Nov 20, 2019 • 107 Comments A serious rejection in its first major discussion of negative interest rates recounted in the FOMC minutes.
Fear of “Reversal Rates” Sets in, Says the Fed by Wolf Richter • Nov 20, 2019 • 104 Comments The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.
THE WOLF STREET REPORT: Fear of “Reversal Rates” Sets in, Says the Fed by Wolf Richter • Nov 17, 2019 • 105 Comments The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.
