4 chapters across the catalog
Fed Tapering, Janet Yellen, Larry Summers
The Federal Reserve announces it will not taper its $85 billion monthly stimulus program. The hosts discuss Larry Summers' withdrawal from consideration for Fed Chair, attributing it to opposition from the House Finance Committee. They predict that Janet Yellen will "waltz through" the confirmation process and continue the current policy of massive currency creation.
Ben Bernanke, Auditing the Fed and Monetary Policy Independence
Federal Reserve Chairman Ben Bernanke addresses the "Audit the Fed" movement during a C-SPAN appearance. He argues that the Fed's financials are already thoroughly audited by private firms and the GAO. He claims the proposed legislation is a "misnomer" intended to allow Congress to interfere with independent monetary policy decisions, which he believes would harm the economy.
Ron Paul and Ben Bernanke, Private Power Breakfast
Representative Ron Paul and Federal Reserve Chairman Ben Bernanke held a private, off-the-record breakfast meeting. While details were not disclosed, the hosts speculate that the meeting involved high-level discussions regarding the Fed's operations and Paul's long-standing efforts to audit the institution. The meeting is characterized as a significant encounter between two ideological opposites in American finance.
Audit the Fed Bill and Ben Bernanke's Opposition
Federal Reserve Chairman Ben Bernanke warned that Ron Paul's "Audit the Fed" bill could impair economic stability. The hosts argue that transparency would reveal a "sham" financial system and that elites are using the current crisis to accumulate real assets like land.
