- Obama: Hole U.S. ‘digging out of’ requires billions more in unemployment benefits
- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
Bernanke makes strong defense of Fed rate policies
Question of the Day
The Fed’s decision last month to launch a new mortgage-buying program was approved by its policy committee, 11-1. Jeffrey Lacker, head of the Federal Reserve Bank of Richmond, cast the lone dissenting vote. Lacker has argued that further bond buying won’t likely provide much economic help and risks igniting inflation in the future.
Charles Plosser, president of the Fed’s Philadelphia regional bank, and Richard Fisher, president of the Fed’s Dallas regional bank, have also been critical of the Fed’s bond purchases. Plosser and Fisher do not have votes on the Fed’s policy committee this year but take part in the discussions.
At the same time, one Fed official who had been skeptical of the bond buying now appears more open to it. Narayana Kocherlakota, president of the Minneapolis Fed, has signaled that he’s grown more concerned about the economy’s sluggish growth. In a speech a week after last month’s policy meeting, Kocherlakota said the Fed should fight high unemployment with an even more aggressive approach than it announced.
- Obama administration issues permits for wind farms to kill more eagles
- Spike in battlefield deaths linked to restrictive rules of engagement
- Rush Limbaugh: Obama trying to make Mandela death about himself
- PRUDEN: British press horrified as London's new mayor dares to proclaim the truth
- Bill OReilly reminds: Nelson Mandela was a communist
- Kill team: Obama war chiefs widen drone death zones
- Activists urge Obama to go rogue, sidestep Congress
- Obama: Hole U.S. 'digging out of' requires billions more in unemployment benefits
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- Federal deficit shrinks 20 percent in fiscal 2014
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