Federal Reserve wants lower wages

by Leavingtheecstasy https://multipolarista.com/2022/05/24/us-federal-reserve-wages-inflation/ US Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving …

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Federal Reserve and Inflation Alert! Summary of Commentary on Current Economic Conditions by Federal Reserve District. ‘Beige Book’ notes Firms in most Districts expected inflationary pressures to continue over the coming months.

by Dismal-Jellyfish Source Summary of Commentary on Current Economic Conditions by Federal Reserve District Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in …

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Stimulypto! How The Federal Reserve Helped Drive Property Taxes Above $10,000 In New York City (NYC Home Prices UP 26.3% Since February 2020, Chicago UP 21.7%, LA UP 32.5%)

by confoundedinterest17 As we are all aware, The Federal Reserve launched its monetary “stimulypto” in March 2020 to combat the Covid virus. Coupled with the surge in Federal stimulus, we have seen home prices rise over 20% since February 2020. Specifically, …

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Inflation and Federal Reserve Alert! Governor Christopher J. Waller: In 1972-1973, the average household spent 24 percent of expenditures on rent or imputed rent. This share rose to 27 percent in the late 1980s, and in 2019 that was up to 35 percent. No doubt the share in 2022 will be larger still.

by Dismal-Jellyfish The Red Hot Housing Market: the Role of Policy and Implications for Housing Affordability Governor Christopher J. Waller At the “Recent Fiscal and Monetary Policy: Implications for U.S. and Israeli Real Estate Markets” conference Source Watch Remarks Thank you, …

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Federal Reserve Alert! The following have been added to the list of Standing Repo Facility Counterparties, effective March 22: Canadian Imperial Bank of Commerce, New York Branch and Natixis New York Branch.

by Dismal-Jellyfish Source Standing Repo Facility (SRF) counterparties each expressed an interest to be an eligible SRF counterparty under the criteria published by the New York Fed. Inclusion on this list simply means that, should the New York Fed conduct …

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