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This Christmas, Congress has been handed a rare opportunity to reform the Federal Reserve System. This is thanks to a recently reported Freedom of Information Act request, which yielded a pre-pandemic version of the Fed’s so-called “Doomsday Book.” This internal document is a quick-reference crisis guide on the Fed’s tools and sources of authority. What…
The Federal Reserve voted to raise interest rates Wednesday by another 0.25 percentage points, brushing aside concerns about the financial sector and an expected recession later this year. The Fed’s rate-setting committee voted unanimously Wednesday to boost its baseline interest rate to a range of 5 to 5.25 percent, the point at which Fed officials…
“#Charts to watch in 2021: The most important Canadian economic graphs for the year ahead” When it came time to compile this year’s collection of charts to watch, our seventh annual year-end chartstravaganza, it was obvious the elephant in the room would be 0.125 microns in size. COVID-19 has left its mark on every facet…