One of President Trump’s nominees for the Federal Reserve could be in trouble.
Marvin Goodfriend, an economics professor at Carnegie Mellon, barely cleared the Senate Banking Committee on Thursday, 13 to 12.
At his confirmation hearing last month, Democrats questioned Goodfriend’s economic predictions.
In particular, he was criticized for urging the Fed to raise interest rates quickly after the financial crisis, and for suggesting in 2012 that inflation could become dangerously high if the unemployment rate fell below 7%. That never happened.
Looking to green up your home but not sure where to start? Try this simple plan for a weekend home detox. Covering Friday to Sunday, it is packed with easy tips to help the planet, save cash and have more fun.
See Also from Kiplinger: 15 Ways to Go Green on the Cheap
Photo by ZeroEnergy Design
Friday After Work
Unplug. Save energy and recharge your own batteries by spending Friday evening without your usual tech devices. Take advantage of the longer days by taking a small snack, a book and a refreshing drink outdoors to savor the last few moments of light. No yard? Hit....More>>>
Most of us need to accumulate a significant war chest for retirement that can produce much-needed income to supplement Social Security checks. It’s smart to devise a retirement plan early — and to consider making a Roth IRA a part of it.
A Roth IRA offers some meaningful tax advantages. For example, your contributions will grow over time and your withdrawals in retirement can be free of federal taxes! Withdrawals from a traditional IRA are taxed as ordinary income in federal and state taxes. Let’s take a closer look at how IRAs (especially Roth IRAs) can strengthen your....More>>>
I have noticed that names in the US Energy and Equipment sector seem to be declining even while energy prices and production volumes are increasing. This makes me start to wonder if their might be an opportunity or two in this sector for the new year. First to check out whether my impression was correct, I produced this chart comparing the iShares US Oil Equipment & Services (IEZ) with the Powershares Energy ETF (DBE).
Source: Yahoo Finance
I chose DBE specifically because I didn’t want to just focus on the price of domestic oil ‘WTI’ but also wanted to bring....More>>>
Sports fans know that building a championship sports roster requires a successful mix of many factors: great scouting, superior management, and, arguably the most important factor of all – money. Star players often command higher salary, meaning teams must be willing to sign multi-million dollar contracts to secure the best talent to put their team in a position to win championships. A major critique within the sports world revolves around how bigger and higher-revenue teams have more money to spend on talented players, allowing them to maintain a significant competitive....More>>>