The Federal Reserve has chosen to raise the discount rate by twenty five basis points from .50% to .75% today. What does this mean for banks and mortgage lenders? Well, the discount rate is the interest rate at which central banks give loans to depository institutions such as Wells Fargo and Bank of America. So [...]
Archive for February, 2010
What a Discount Rate Hike Means
Posted by AD on February 18th, 2010
Posted in Economics, Federal Reserve 
Tags: chart, devaluation, discount rate, graph, interest rates 
No Comments »Fed Chief: Hyperinflation is Coming
Posted by AD on February 16th, 2010
Thomas Hoenig, chief of the Federal Reserve Bank of Kansas City, relayed a warning today in a speech at the Peterson-Pew Commission on Budget Reform Policy in Washington DC. During the first few minutes of his speech, Hoenig explained what steps the Federal Reserve Bank may take in order to reduce the monumental nation debt: [...]
Posted in Economics, Federal Reserve, News Tags: Federal reserve, Germany, hyperinflation, market correction, National Debt, Ron Paul, Thomas Hoenig No Comments »
