Fed's Plosser 'very worried' about QE consequences

Matt Clinch CNBC 6 Mar 2014

Philadelphia Federal Reserve President Charles Plosser is “very worried” about the potential for unintended consequences of the Fed’s massive quantitative easing program.

Plosser told CNBC that the U.S. was still suffering from “lasting effects” of the recession and “may never return” to its previous growth rates—and warned that policy […]

Sen. Grassley: GOP Has 'Leverage' Over Obama on Fiscal Cliff

Jim Meyers and Kathleen Walter Newsmax 26 Dec 2012

Longtime Sen. Chuck Grassley tells Newsmax that Republicans have a “great deal of leverage” on President Obama because they can refuse to raise the debt ceiling unless he agrees to spending cuts.

The Iowa Republican also says the president wants the nation to go over the […]

Cliff diving

Washington already drove us off the fiscal cliff while no one was looking.

Gov. Bobby Jindal Politico 12/6/2012

As the nation eagerly awaits Washington’s solution to the so-called fiscal cliff, and as the negotiations continue back and forth in both the media and in reality, here are a few thoughts for consideration.

Today it’s the […]

Cliff-jumping with Barack

Charles Krauthammer The Washington Post 11/29/2012

Why are Republicans playing the Democrats’ game that the “fiscal cliff” is all about taxation?

House Speaker John Boehner already made the preemptive concession of agreeing to raise revenue. But the insistence on doing so by eliminating deductions without raising marginal rates is now the subject of fierce Republican […]

Wall Street in Multi-Day Retreat

Adam Samson Fox Business 11/8/2012

The markets took heavy losses for a second day in a row Thursday in a broad-based retreat late in the session. Every major sector closed to the downside.

Today’s Markets

The Dow Jones Industrial Average fell 121 points, or 0.94%, to 12811, the S&P 500 dipped 17 points, or 1.2%, […]

GDP collapse puts U.S. economy into recession red zone

James Pethokoukis AEIdeas American Enterprise Institute 9/27/2012

…GDP growth for the second quarter was revised down to 1.25%. Here is Reuters:

Economic growth was much weaker than previously estimated in the second quarter as a drought cut into inventories, setting the platform for an even more sluggish performance in the current quarter against the backdrop […]