The Next Financial Crisis Will Be Worse Than the Last One

Nomi Prins / Truthdig Dec 29, 2017 The U.S. financial system remains unreformed, and no one in any position of power will do anything to fix it. The only question is when the bubble will burst. Dig deeper ( 7 Min. Read )

Fed Leading the Banks

Jeff Danziger / Truthdig Jun 17, 2016 Dig deeper

Bankers Wait for Next Rate Hike by the Federal Reserve

Jeff Danziger / Truthdig Jun 14, 2016 Dig deeper

The People Win as Lawrence Summers Trades Power For Wealth

Robert Scheer / Truthdig Sep 17, 2013 Poor Lawrence Summers, he doesn't get to be chairman of the Federal Reserve, aka the czar of the world's economic order. Dig deeper ( 4 Min. Read )

Lawrence Summers Will Not Chair the Federal Reserve

Peter Z. Scheer / Truthdig Sep 16, 2013 Over the screaming objections of members of his own party, President Obama seemed determined to appoint Wall Street groupie Lawrence Summers to head the most important bank in the country. On Sunday, Summers "reluctantly" withdrew his name from consideration for the post. Dig deeper ( 2 Min. Read )

Gay Marriage: Why the Supreme Court Might Disappoint Conventional Thinking

Staff / Truthdig Jun 25, 2013 Last week on Truthdig Radio in association with KPFK: The stock market plunges, Afghan author Qais Akbar Omar reacts to the news that direct talks between the United States and the Taliban have already broken down, Texas wages a war on high school kids and the Supreme Court threatens the happiness of gays everywhere. Dig deeper ( 2 Min. Read )

Ron Paul’s Effort to Audit the Fed Passes House

Tracy Bloom / Truthdig Jul 26, 2012 It's not quite ending the U.S. central bank, as Ron Paul is fond of saying he would like to do, but the Texas GOP congressman did get a bill passed through the House on Wednesday to audit the Federal Reserve. Dig deeper ( 2 Min. Read )

Halfway Through the Lost Decade

Robert Scheer / Truthdig Apr 26, 2012 Does anyone care that the economy is floundering and that we are not getting out of this crisis anytime soon? Dig deeper ( 3 Min. Read )

Secret Fed Loans Gave Banks Big Profits During Bailout

Staff / Truthdig Nov 30, 2011 Here we have some news that Ohio Sen Sherrod Brown believes "can unite the tea party and Occupy Wall Street" Sound implausible? Well, Bloomberg News' parent company went to court to access 29,000 pages of documents from the Federal Reserve, from which the outlet gleaned (more). Dig deeper ( 2 Min. Read )

Fed Changes Growth, Employment Forecast for the Worse

Staff / Truthdig Nov 3, 2011 Back in June, the Federal Reserve predicted a sunnier economic future for the U.S. than it did Wednesday, when the Fed released revised figures for both growth (it'll happen more slowly) and unemployment (it'll continue to hover around 9 percent) through 2012. But the news wasn't all gloomy. Dig deeper ( 1 Min. Read )

The Fed Makes a Show of Transparency

Staff / Truthdig Apr 28, 2011 When you sit back and ponder all the ways in which our government's functionality might be improved, you immediately seize upon the notion that if Fed Chairman Ben Bernanke held news conferences, we'd be that much closer to a true democracy, right? Dig deeper ( 1 Min. Read )

Bernanke Makes Mildly Encouraging Noises About Economy

Staff / Truthdig Aug 28, 2010 Is the recession over? Will there be another? Much like the famous groundhog from Punxsutawney, Federal Reserve chief Ben Bernanke showed up to offer an eagerly awaited sign -- in this case to economists gathered Friday at Jackson Hole, Wyo, and to the world at large (continued) . Dig deeper ( 2 Min. Read )