The Federal Reserve said Tuesday that it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought and faces increasing risks.
As much as Federal Reserve Chairman Ben Bernanke would like to think he can pull in the reins at the right moment, the beast of inflation is difficult to control.
Inflation is a sinister sort of tax that confiscates wealth. Bonds will lose value in an inflationary environment as interest rates rise.
The debate over whether we even need a central bank—which is what the Fed is today—began shortly after the founding of our country.
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
A study by the Federal Reserve Bank of Chicago finds a strong correlation between pre-mortgage credit counseling and loan
performance after
comparing Indianapolis Neighborhood Housing Partnership clients with other low-income Marion County borrowers.
