Federal Reserve Pauses Tightening as Emergency Lending Hits $300 Billion
The Federal Reserve Board building on Constitution Avenue in Washington on March 27, 2019. (Brendan McDermid/Reuters)
The Federal Reserve Board building on Constitution Avenue in Washington on March 27, 2019. (Brendan McDermid/Reuters)
U.S. Federal Reserve chairman Jerome Powell speaks during a news conference in Washington on Feb. 1, 2023. (Saul Loeb/AFP via Getty Images)
A man shops at a supermarket in New York, on July 27, 2022. (Andres Kudacki/AP Photo)
The Fed and the Great Pillaging Commentary There are many ways to measure the amount of dollars that exist today, but let’s choose the M2 measure of the money supply…
Treasury Secretary Janet Yellen participates in a discussion at the annual Freedman's Bank Forum at the Treasury Department in Washington, on Oct. 4, 2022. (Michael A. McCoy/Reuters)
Treasury Secretary Janet Yellen participates in a discussion at the annual Freedman's Bank Forum at the Treasury Department in Washington, on Oct. 4, 2022. (Michael A. McCoy/Reuters)
U.S. dollar and euro banknotes are seen in this illustration taken on July 17, 2022. (Dado Ruvic/Reuters)
U.S. dollar and euro banknotes are seen in this illustration taken on July 17, 2022. (Dado Ruvic/Reuters)
Billionaire investor Stanley Druckenmiller participates in a panel discussion in New York City, on Nov. 3, 2015. (Neilson Barnard/Getty Images)
Billionaire investor Stanley Druckenmiller participates in a panel discussion in New York City, on Nov. 3, 2015. (Neilson Barnard/Getty Images)