US Federal Reserve

111 Posts

Book Review: The Power and Independence of the Federal Reserve

Book Review: The Power and Independence of the Federal Reserve

In this fascinating study of the Federal Reserve System, Peter Conti-Brown shows that much of what investors know about the formulation and implementation of US monetary policy is wrong. He also demonstrates that much of the expert commentary in the media (e.g., regarding future interest rate actions) proceeds from false premises about the central bank’s internal dynamics. Although practitioners should not accept all of Conti-Brown’s conclusions uncritically, they can assuredly profit from his debunking of conventional wisdom about a key driver of the financial markets. Read more

2 Comments

Top 10 Posts from 2016: How to Read Financial News, Active Investing

Top 10 Posts from 2016: How to Read Financial News, Active Investing

The end of the year is a good time to look back and take stock. What Enterprising Investor articles did readers find most compelling in 2016? The results are illuminating. Our top content runs the gamut from the granular — tightly focused, practice-oriented material on starting a firm and what to read to stay informed — to more “big picture” analysis on negative interest rates and the ongoing active vs. passive debate. Taken together, they reflect the currents at work in the investment management profession at both the system-wide and individualized levels. Read more

Leave a Comment

The Mad Scientists of Monetary Policy

The Mad Scientists of Monetary Policy

Like modern-day Drs. Frankenstein, central bankers are trying to artificially create life in the financial system. They have embraced extraordinary monetary policies to create economic growth where none would exist. And someday soon, the monsters they are experimenting with may wake up and break out, Ron Rimkus, CFA, explains. Read more

19 Comments

The C-Suite Speaks: Back to School

Earnings season is over, but September is a busy month for conferences. Those companies presenting at conferences last week tended to have relatively upbeat things to say about the economy. Will positive commentary outweigh soft economic data when the US Federal Reserve meets in September? No one at the Fed has ruled out a rate hike quite yet. Read more

Leave a Comment