Recently, Russia announced that it will be unleashing a CryptoRuble, just a week after Vladimir Putin strongly criticized Bitcoin and other private cryptocurrencies. When announcing the move, Minister of Communications Nikolay Nikiforov acknowledged that it was in part inspired by the aim of getting ahead of other governments: I confidently declare that we run CryptoRuble for one simple
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Federal Reserve Chair Janet Yellen this week cast doubt on the Fed’s announced plan to continue Fed rate hikes and reverse its years of “unconventional” monetary policy. “My colleagues and I may have misjudged the strength of the labor market,” Yellen announced on Tuesday, adding that they’d also misjudged “the degree to which longer-run inflation
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At the height of the Ron Paul movement, crowds of thousands of passionate individuals chanted “End the Fed!” around the country, and America looked to be on the cusp of a revolution against central banking. Although that fervor has long since waned, Sen. Rand Paul (R-KY) is still intent on upholding his father’s legacy. Paul
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Speaking in London, Federal Reserve chair Janet Yellen predicted recently that the “the system is much safer and much sounder” and explained that the Federal Reserve is prepared to deal with numerous enormous shocks to the economy. In her conversation with Lord Nicholas Stern, Yellen also went on to list the reasons that, thanks to
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The House of Representatives Committee on Oversight and Government Reform approved a measure today that would audit the Federal Reserve, in spite of intense opposition from Democratic legislators and global banking sector. Rep. Thomas Massie (R-KY) introduced H.R. 24, the Federal Reserve Transparency Act of 2017, more commonly referred to as “Audit the Fed.” It
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