By Simon Johnson. This is a long post, about 2500 words. Over the last several weeks on this blog, I have expressed a broad set of concerns about governance arrangements at the Federal Reserve Bank of New York. I have … Continue reading →
Manufacturing in the New York region expanded in June at the slowest pace in seven months as orders and sales cooled. The Federal Reserve Bank…
By Simon Johnson. On the “PBS NewsHour” in late May, Treasury Secretary Timothy Geithner indicated that the continued presence of Jamie Dimon, the chief executive of JPMorgan Chase, on the board … Continue reading →
“Periodically, the Federal Reserve’s structure is debated in Congress, the public or the media. Recently, the question of whether it is appropriate for bankers to…
By Simon Johnson There are two diametrically opposed views of how the largest financial companies in our economy operate. On the one hand, there are those like Charles Ferguson, director of the Academy Award-winning documentary “Inside Job” and author of … Continue reading →
368%: The jump since 2007 in the measure of consumer credit held by the government comprised primarily of student loans. If a student loan bubble…
The May Empire State Manufacturing Survey indicates that manufacturing activity expanded in New York State at a moderate pace. The general business conditions index rose…
Stock Market WireManufacturing in New York Region Rises More Than ForecastBloombergManufacturing in the New York region expanded more than forecast in May as shipments surged and new orders improved. The Federal Reserve Bank of New York's general e…
Elizabeth Warren called on JPMorgan Chase CEO Jamie Dimon to resign from his post on the Federal Reserve Bank of New York’s board, citing the…
Tentative Outright Treasury Operation Schedule The Desk’s tentative operation schedules associated with outright purchases and sales of Treasury securities as announced by the FOMC. …
