The Federal Reserve
The Fed is worried about the stock market
The Federal Reserve is not supposed to care about the stock market. It only has two official mandates: make sure enough Americans are working and ensure prices of consumer goods stay relatively stable.
The Federal Reserve signals intent to continue low interest rates
The Federal Reserve reassured financial markets Wednesday that a key interest rate will stay near zero for “a considerable time” after its bond purchases end next month, deferring for now a clear signal on how it will begin to shift away from low-rate policies it’s had in place since the 2008 financial crisis. In a statement following a two-day meeting, the Fed said it will continue to wind down monthly bond purchases that have held down long-term interest rates and end the program next month, assuming the labor market continues to improve. Fed Chair Janet Yellen will further explain the Fed’s thinking at a press conference scheduled for 2:
How the Federal Reserve Is Killing America
The Federal Reserve, America’s central bank, exists to serve big banks and Wall Street. There is no other reason for the existence of the Fed. None.
