By Louis Navellier Last week, the Federal Open Market Committee (FOMC) met and decided they want to defy: (1) President Trump, (2) Treasury Secretary Bessent, (3) deflationary forces, (4) lower Treasury yields, (5) surging new unemployment claims, and (6) collapsing global interest rates by holding key interest rates steady. That doesn’t include: (7) the cost […]
Tag: Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913.
