by James D. Hamilton, Econbrowser.com Appeared originally at Econbrowser 30 January 2014 Caption illustration added by Econintersect. The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.2% annual rate in the fourh quarter. That’s two … Continue reading
Once upon a time, U.S. monetary policy was conducted with its primary target defined in terms of the fed funds rate, which is the interest rate on an overnight loan of Federal Reserve deposits between private banks or other institutions that hold accounts with the Fed. Continue reading
by James D. Hamilton, Econbrowser.com Originally published at Econbrowser 17 March 2013. The Federal Reserve has increased its assets from $900 billion in 2007 to over $3,150 billion and still climbing today. On the liabilities side of the Fed’s balance … Continue reading
by James D. Hamilton, Econbrowser.com This article was originally published at Econbrowser. Those who have been told that oil production is booming may be wondering why the prices of oil and gasoline are climbing again.
by James D. Hamilton, reproduced from EconBrowser.com The Federal Reserve Bank of New York announced on Thursday that it had sold the last remaining securities from its Maiden Lane III portfolio, successfully closing the chapter on its assistance to insurance giant AIG. … Continue reading