Well, I think that the the unproductive bubbles I would describe as financial fads. Portfolio insurance was one, subprime mortgages was another. Just, you know, financial activities that become fashionable, zoom into popularity, get overhyped and then recede.But then there are bubbles which are based on technological progress, starting with the steam engine, the railroad, the radio, the automobile, computers, internet, etc.. And these actually push society ahead and change it irreversibly. But in the proces ...

My colleagues and I remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. The Federal Reserve says they're fighting inflation. They say they are committed to a 2% target and that they're well positioned to wait and see.But the charts tell a very different story. While everyone is distracted by the quarter point rate cut and the drama of the dissenting votes, we're staring down the barrel of a massive liquidity injection in ...

Poland’s revved-up banking industry is facing a wave of refinancing requests as interest rates plummet for the first time since the sector embraced fixed-rate mortgages. https://t.co/Xx5Xjed1TS ...

Welcome back everybody. Time to bring in our next guest, Senator Elizabeth Warren, who is the lead Democrat on the banking committee. And Senator Warren, thank you for being with us this morning.Um, from your position on the banking committee, thought we might start with the Federal Reserve, what you thought about what happened yesterday, and maybe more importantly, what you think about this overall conversation about who will take over the Federal Reserve next, who the next chairman will be. I I know in th ...

Inflation is a word you hear all the time. However, many people don’t fully understand how it works or how it impacts their daily lives. Find Out: How Middle-Class Income in 1980 Compares to 2025 Read Next: 6 Safe Accounts Proven To Grow Your Money Up To 13x Faster While some effects of inflation, such as the ever-increasing cost of living, are obvious, others are more subtle, like possibly getting better interest rates for savings accounts. Understanding the different types of inflation, how they influenc ...

The Fed cutting rates as expected yesterday, but markets read a hawkish cut as somewhat dovish. Steve Leeman joins us right now with more on that. And Steve, this was interesting to watch the market's reaction after hearing this and then hearing JPAL speak.>> That was the curious part of it. All went as expected except perhaps the curious market rally that came after. I'll talk about that in a second.The Fed followed through on an expected hawkish rate cut, reducing rates by a quarter point to the new range ...

Ukraine left interest rates unchanged amid mounting uncertainty over financial support from international allies for Kyiv’s defense against the Russian invasion https://t.co/R7VdlBsaQk ...

Turkey’s central bank cut interest rates for the fourth time in a row https://t.co/Fa7MKHZWXf ...

President Trump wants lower interest rates and a new Fed chair. Wednesday’s divisions suggest one won’t guarantee the other. https://t.co/HzH2EQu31o ...

Czech interest rates are more likely to increase than decline, though expectations of a hike next year may be premature, according to central banker Jan Kubicek https://t.co/T4wrSFu3sY ...