Financial Services

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Analysts’ claims that Americans face a retirement crisis overstate what households will need in retirement, fail to account for how the presence of children in a household affects the need to save, and incorrectly point to households’ declining wealth-to-income ratios as a sign of deteriorating retirement saving.

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Since 2008 the Fed has run vast, and risky, economic experiments without effective congressional oversight.

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The FSB’s authority, if any, flows from the G-20. Allowing its decisions to dictate U.S. policy means that an American president can create authority to issue domestic regulations simply by making an agreement with the G-20 or other foreign leaders. This is a dangerous precedent.

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Traders work on the floor of the New York Stock Exchange, as a television screen displays Federal Reserve Chair Janet Yellen testifying before Congress, February 24, 2015. The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the Fed's first rate hike since 2006. REUTERS/Brendan McDermid

Whether or not it’s in style, severe criticism of the Fed is warranted, and so is a reduction in its power.

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Throughout Europe, several central banks have started charging customers negative interest rates, something that is very rarely done. In the U.S. only two major banks has adopted the same method so far, but some analysts suggest others may potentially follow, a practice signifying a considerable threat to the banking system.

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On the whole, the housing market has regained much of the ground it lost in the 2008 financial crisis. But some analysts are concerned many of the factors propelling that growth aren’t healthy at all and could lead to another free-fall in the housing market.

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Americans today are about as likely as those in the past to report that they have a work-limiting disability, according to Census Bureau data. For instance, 5.6% of Americans ages 35-44 reported having a work-limiting disability in 1984, while in 2014 that figure was 5.4%. Likewise, self-reported measures of overall health have improved and workplace injuries have fallen.

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The Financial Stability Oversight Council cannot possibly fulfill its assignment from Congress.

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We’re joined this week by AEI Financial Policy Fellow Peter Wallison, who walks us through what led up to the 2008 financial crisis, who is to blame, and what needs to happen (or not happen) to prevent another crash.

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DATE IMPORTED:February 05, 2015Goldman Sachs trader Sean Spain works on the floor of the New York Stock Exchange February 5, 2015. REUTERS/Brendan McDermid

Big government may be the best thing to happen to the big banks — and they know it.

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