U.S. Federal Reserve

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Illustration on the IMF's chronic misunderstanding the causes of economic growth by Alexander Hunter/The Washington Times

RICHARD RAHN: Low interest rates have failed to stimulate economic growth

By Richard W. Rahn

Frances Scoggins, left, speaks to Michael McCall, general manager for Chattanooga Labeling Systems, about her resume during a huge 15-county North Georgia job fair at The Colonnade in Ringgold, Ga., on Thursday, April 2, 2015. Scoggins has been unemployed for the past 4-months and is looking for a safety or manufacturing job. (AP Photo/Chattanooga Times Free Press, Dan Henry)

Pace of U.S. hiring weakens with just 126K jobs added in March

By Josh Boak - Associated Press

President Barack Obama pauses while speaking in the Rose Garden of the White House in Washington, Thursday, April 2, 2015, about the breakthrough in the Iranian nuclear talks. The president heralded a framework nuclear understanding with Iran as an &quot;historic&quot; agreement that could pave the way for a final deal that would leave the U.S., its allies and the world safer. (AP Photo/Pablo Martinez Monsivais)

DONALD LAMBRO: Defining the economic recovery down

By Donald Lambro

FILE - This Jan. 16, 2014 file photo shows outgoing Federal Reserve Chairman Ben Bernanke speaking at the Brookings Institution in Washington. Bernanke has an agreement with W.W. Norton &amp; Company for a book that will cover his years at the Fed and his response to the economic crisis of 2008. Norton announced Tuesday, May 6, that the book, currently untitled, is scheduled for 2015. (AP Photo/Manuel Balce Ceneta, File)

Ben Bernanke to write a blog with the Brookings Institution ‘when the spirit moves me’

By Jennifer Harper - The Washington Times

Federal Reserve Chair Janet Yellen speaks during a news conference at the end of the Federal Open Market Committee meeting in Washington, Wednesday, March 18, 2015. Yellen said the broad pay increases usually associated with job growth may not occur anytime soon. (AP Photo/Kevin Wolf)

THOMAS DIBACCO: A Fed that won’t hike rates

By Thomas V. DiBacco

Obama Minion Janet Yellen Illustration by Greg Groesch/The Washington Times

DONALD LAMBRO: Fed keeps rates low in sign of faltering economy

By Donald Lambro

Federal Reserve Chair Janet Yellen makes a statement on jobs and economic outlook, Wednesday, Dec. 17, 2014, at the Federal Reserve in Washington. The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. (AP Photo/Cliff Owen)

PETER MORICI: Strong dollar, sluggish growth weighs against Fed raising rates

By Peter Morici

PETER MORICI: Strong jobs market won’t compel the Fed to raise interest rates

By Peter Morici

In this Feb. 13, 2015 photo, construction workers James Gibson, left, David Rager, center, and Shawn White frame the second floor of a two-story custom home being built in Orlando, Fla. As construction jobs return in some regions, competition for skilled labor is heating up. (AP Photo/Phelan M. Ebenhack) ** FILE **

Strong U.S. jobs report raises pressure on Fed to boost rates

By David R. Sands - The Washington Times

"A complete and thorough audit of the Fed will finally allow the American people to know exactly how their money is spent in Washington," said Sen. Rand Paul, who is proposing legislation. (Associated Press)

BRUCE FEIN: Liberal paternalistic opposition to Rand Paul’s audit the Fed

By Bruce Fein

Former Revel Hotel Casino employees, Fatuma Kamara holds her 11-month-old baby Mussa as she gets help from Kristanna Brown as she files for unemployment benefits Wednesday, Sept. 3, 2014, in Atlantic City, N.J. (AP Photo/Mel Evans) **FILE**

U.S. pay and benefits rose by most in 6 years last year

By Christopher S. Rugaber - Associated Press

Treasury Secretary Jacob Lew talks with Federal Reserve Chair Janet Yellen at the conclusion of the open session of the Financial Stability Oversight Council at the Treasury Department in Washington, Wednesday, Jan. 21, 2015. The preliminary agenda for the open session includes an update on benchmark reform efforts and a discussion of the Council's process for considering nonbank financial companies for potential designation. (AP Photo/Pablo Martinez Monsivais)

Fed holds firm, gives no hint of rate hike

By David R. Sands - The Washington Times

U.S. Sen. Rand Paul, R-Ky., speaks with the media at the Peppermill restaurant Friday, Jan. 16, 2015, in Las Vegas. Paul is a possible Republican presidential candidate. (AP Photo/John Locher) ** FILE **

Rand Paul reintroduces Audit the Fed bill

By Stephen Dinan - The Washington Times

President of European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany, Thursday, Jan. 22, 2015, following a meeting of the ECB governing council. (AP Photo/Michael Probst)

PETER MORICI: Printing money won’t save moribund European economies

By Peter Morici

Federal Reserve Chairwoman Janet L. Yellen said earlier this month the Fed remains opposed to stricter oversight of its monetary policy decisions, and Reuters reported she and other Fed officials are lobbying Capitol Hill to drop the audit push. (Associated Press)

Federal Reserve audit push gains momentum with Republican Senate majority

By Stephen Dinan - The Washington Times

The facade of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stocks were mostly lower Wednesday Dec. 17, 2014 as oil prices tumbled again while investors waited for a U.S. Federal Reserve statement on monetary policy. (AP Photo/Richard Drew)

Report: Fed committee overturned bank examiner’s finding on Goldman Sachs

By David Sherfinski - The Washington Times