Federal Reserve

By Brandon Moseley Alabama Political Reporter Auburn Conservatives for Tomorrow (ACT) and Young America’s Foundation hosted former Republican Presidential candidate Steve Forbes on Friday, March 21, 2014 at the new Auburn Arena. Forbes told reporters that the economy is getting better but it is still not as strong a recovery as it should have been.  … Continued

By Brandon Moseley Alabama Political Reporter Former Congressman and Presidential candidate Representative Ron Paul (R) from Texas has long advocated (under both Democratic and Republican administrations) that the U.S. Federal Reserve System be audited.  The de facto National Bank is charged with managing the money supply.  The dollar bills in our wallets are “Federal Reserve … Continued

By Brandon Moseley Alabama Political Reporter U.S. Senator Richard Shelby of Alabama voted on Monday against the nomination of Dr. Janet Yellen for Chairman of the Board of Governors of the Federal Reserve System, because he disagreed with Yellen’s weak record on bank regulation and strong support for easy money policies. Senator Shelby said on … Continued

By Brandon Moseley Alabama Political Reporter On Wednesday the Federal Reserve Open Market Committee met and in an 11 to 1 vote they decided that the economy needed much more vigorous action by the Federal Reserve. The Committee announced it, “Seeks to foster maximum employment and price stability. The Committee remains concerned that, without sufficient policy … Continued

By Brandon Moseley Alabama Political Reporter US Senator Richard Shelby (R) from Alabama questioned Federal Reserve and banking regulators from the Federal Reserve, the OCC and the FDIC about their proposed rules to implement the Basel III international accord. Sen. Shelby said, “The primary goal of Basel III is to strengthen bank capital requirements.  This … Continued

By Brandon Moseley Alabama Political Reporter On Friday, the Federal Reserve Board announced that they were delaying the implementation of the second phase of its program to simplify the administration of reserve requirements for banking institutions. In a written statement the Fed said that the delay will give it time for further development and testing … Continued

By Brandon Moseley Alabama Political Reporter U.S. Senator Richard Shelby (R) from Alabama urges the Federal Reserve to be more transparent at a Thursday hearing on the Federal Reserve’s Semiannual Monetary Report to the Congress.  Sen. Shelby released his remarks in a press release.  Senator Shelby is the ranking Republican on the Committee on Banking, … Continued