The Competitive Enterprise Institute (CEI) signed onto a letter by the American Energy Alliance (AEA) opposing the White House’s nomination of Sarah Bloom Raskin to be Vice Chair for Supervision at the Federal Reserve. Writing to Senators Sherrod Brown (D-OH) and Pat Toomey (R-PA), the chairman and ranking member of the Senate Banking Committee, AEA President Thomas … Continue reading CEI Joins AEA in Opposing Sarah Bloom Raskin’s Nomination to Federal Reserve
Category: Economy
Ranking Member Blaine Luetkemeyer (R-MO) released the following statement on Treasury Secretary Janet Yellen’s continued violation of the Consolidated Appropriations Act of 2021: “Now that Paycheck Protection Program (PPP) loan forgiveness is well underway, Congress must study the effectiveness of the program. This requires on the record conversations with the Treasury Secretary regarding the role … Continue reading Biden Treasury Secy defies federal law, refuses to testify on fraud-riddled program
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks on the Senate floor regarding the U.S. economy: “Working Americans and their families are being hammered by the worst inflation in 40 years. And Washington Democrats own it. “Sometimes it can be difficult to directly connect Washington policies to the downstream effects on families. … Continue reading McConnell: Soaring Inflation Is a Direct, Predictable Result of Democrats’ Policies
U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) raised serious concerns Friday after the Committee discovered numerous omissions in the Committee questionnaires of Sarah Bloom Raskin and Lisa Cook, two of President Biden’s nominees for the Board of Governors of the Federal Reserve System. The nominees are scheduled to appear before the Committee for … Continue reading Biden Federal Reserve nominees refuse to turn over documents
The owners of a Florida food truck that challenged their city’s anti-competitive food truck law announced that they will be closing. SOL Burger, owned by husband-and-wife team Elijah and Ashley Durham, opened for business in the fall of 2020 and began operating at a brewery in their town of Tarpon Springs. After Tarpon Springs banned … Continue reading Tarpon Springs food truck that challenged anti-competitive law forced to shut down
Just a few days ago, President Biden called Peter Doocy a “stupid son of a bitch” because he dared to ask if he was concerned about inflation being an issue in the midterms. Well today, the Bureau of Economic Analysis (BEA) issued a report that shows the Personal Consumption Expenditures (PCE) price index, a key … Continue reading Inflation Hits 39-Year High, Swing State Voters Say “Build Back Broke” Would Make It Worse
The Federal Reserve this week signaled an interest rate hike is coming in March to combat inflation. CEI Senior Fellow Ryan Young believes the Fed needs to act more quickly and points to other tools the Fed, Congress, and the Biden administration should use to lower inflation and help the economy. Statement by Ryan Young: … Continue reading Federal Reserve Signals Interest Rate Hike to Fight Inflation
The Senate Judiciary Committee marked up The American Innovation and Choice Online Act (S. 2992) last week, a bill co-sponsored by Senators Amy Klobuchar (D-MN) and Chuck Grassley (R-IA). If passed into law, the proposal would hurt U.S. consumers by outlawing popular services from large technology companies and concentrate even more power at the Federal … Continue reading Senate antitrust bill denies consumers popular services from tech platforms
The US Federal Reserve published a discussion paper on central bank digital currencies or CBDCs, signaling policymakers’ ambitions to start one. CEI expert Paul Jossey, author of a forthcoming report on CBDCs, explains why this is a terrible idea: “Today the Federal Reserve published a discussion paper and asked for public comment about a possible … Continue reading Federal Reserve scheme for central digital currency poses big risk to US economy
U.S. Senator Rand Paul (R-KY) Ranking Member of the U.S. Senate Committee on Small Business and Entrepreneurship, released ‘The Hidden Tax,’ a report that shows inflation’s effect on American families and small businesses. “$4.9 trillion in COVID-19 stimulus spending has led to one of the highest and most sustained levels of inflation in U.S. history. While … Continue reading Rand Paul Releases Report on Inflation’s Effect on American Families and Small Businesses
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