Opinion | Has the Federal Reserve Lost Its Mojo?

When the Federal Open Market Committee’s meeting concluded last month, reporters focused on the federal-funds rate, announcing that it would be held constant at 2.25% to 2.5%.

Unnoticed by even the financial media, and unmentioned in the lead section of the FOMC’s statement, was its decision to cut the interest rate the Federal Reserve pays on bank reserves—a rate that, unlike the fed-funds rate, still has a direct effect on the money supply. The Fed cut the rate paid on reserves because the market yield on one-year Treasurys had fallen below it, inducing banks to build up excess reserves. When banks expand reserve holdings,...

Currency Manipulation much!

Phil Gramm still has no idea how banking works banks can't lend their reserves to the public only to other banks.

When we had an economically illiterate POTUS, Fed was relevant to augment non-existent fiscal policies. The opposite is true today.

I’m curious. If the market cap of all companies listed on US exchanges is indeed 1.5 times the size of GDP, and if the proceeds of tax cuts flowed so abundantly into buybacks, what surge was there in real US growth after 2017? Or should we measure growth/contraction differently?

Who cares. The young generation measures its wealth in bitcoin, not silly funny money.

Yep they believe they're in charge of our economy? None of them run an international company with at least 20 thousand employees! FED is just another trump take down deep state over ripe bananas and it smells

Lost independence... só it will do whatever the market and the POTUS decide. Trade war = rate cut. No trade war = patience.

Yes, we have a fed prez who isnt an economist and is learning on the job. Insane

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