Timothy Geithner

Breaking News about Timothy Geithner:

Yellen’s Denials about Inflation Will Curb Fed’s Independence

Jul 18 2014 11:47am CDT | Source: Big Government

Testifying before Congress, Federal Reserve Chairwoman Yellen cherry picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve’s target of 2 percent.   The Labor Department’s Consumer Price Index has accelerated since March and was up 4.2 percent in May. Tuesday, it will release June data and perhaps not quite so high, it likely will show inflation continued above 3 percent. Once inflation gets out of co ...
Full article at: Big Government
 

 

Yellen’s Denials About Inflation Will Curb Fed’s Independence

Jul 18 2014 7:07am CDT | Source: Big Government

Testifying before Congress, Federal Reserve Chairwoman Yellen cherry picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve’s target of 2 percent.   The Labor Department’s Consumer Price Index has accelerated since March and was up 4.2 percent in May. Tuesday, it will release June data and while perhaps not quite so high, it likely will show inflation continued above 3 percent. Once inflation gets out o ...
Full article at: Big Government
 

 

Bailout Economics: Predators Still Fattening on Prey

Jun 17 2014 5:16am CDT | Source: Politics - The Huffington Post

Almost six years after the financial crisis, JPMorgan, Citigroup, and Bank of America face potential fines of around $12 billion each for their role in mortgage malfeasance. In the context of the damage done and the bailout money poured into banks; the fines are miniscule and won't even cover reparations in one or two blighted areas. This is after a series of post-crisis banking scandals revealing the fragility of the banking system and after JPMorgan Chase was the onl ...
Full article at: Politics - The Huffington Post
 

 

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Cairo, July 29 (IANS) A nine-year-old girl was killed and another girl was injured when a rocket hit their house in Egypt's restive Sinai peninsula, an official said Tuesday. | by IANS
 
Six killed in attack on Pakistan politician's house
Islamabad, July 29 (IANS/EFE) At least six people, including a local political leader's brother, were killed Tuesday in an attack by an armed group in northwestern Pakistan, a police official said. | by IANS
 
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