Archive for February 11th, 2015

Larry's Blog

Congress and the Federal Reserve – A Comment on Their Appropriate Relationship

February 11, 2015

The Federal Reserve System was created by an act of Congress just over a century ago and remains organizationally accountable to that body.  The dual monetary policy mandate to preserve price stability and maximize employment was defined by the Congress and mandated to the central bank.  Federal Reserve officials by law routinely testify before federal […] More

New Overnight Developments Abroad - Daily Update

Continuing Impasse on Greece and Oil Back Under $50/Barrel

February 11, 2015

Ahead of today’s meeting of eurozone finance ministers, Greece and its creditors appear even further apart on solving the debt problem.  Greek debt amounts to 175% of GDP, and the Tsipras Government, which seeks to renegotiate the terms of its loans, won a parliamentary vote of confidence by 162-137 supporting the new leadership’s approach.  German […] More