According to a May 11 publication in the Journal, the Fed is actively seeking a comprehensive plan for reducing its current iteration of quantitative easing, which at present accounts for roughly $85 billion in bond purchases each month.
This week, Lois Lerner, an official from the Internal Revenue Service bureau that oversees tax-exempt political groups, made a stunning admission during a conference in Washington: In the run-up to the 2012 presidential election, the government agency inappropriately targeted conservative organizations for additional audits.
The results of this policy are now beginning to be felt by employees across in the country in a wide range of industries.
Just when you think that Congress and the White House had come together to solve complex, long-term fiscal issues relating to the United States’ massive debt load and dwindling tax revenues, reality reappears and the two political parties begin squabbling over the same issues.
Litigation being conducted by two of the world’s largest financial institutions has revealed a deep rift in the sector.
There has been an ongoing debate in financial circles regarding the effectiveness of quantitative easing (QE) on the global economy since the advent of the controversial Federal Reserve program in the wake of the 2007-2008 crisis.
Zero-range interest rates have been an economic reality since the financial panic of 2008. During that time, central bank authorities dramatically lowered borrowing costs in order to boost lending and help imperiled banks survive the turbulence that followed.
Unemployment continues to lie at the heart of America’s economic problems.