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Paul Leicester Ford's summary preceding Federalist No. 10, from his 1898 edition of The Federalist. September 17, 1787, marked the signing of the final document. By its own Article Seven, the constitution drafted by the convention needed ratification by at least nine of the thirteen states, through special conventions held in each state.
1 Federalist No. 10. Toggle Federalist No. 10 subsection. 1.1 Review commentary. 1.2 FARC commentary. Toggle the table of contents.
Constitutional author James Madison presented a similar idea in Federalist 10, citing the destabilizing effect of "the superior force of an interested and overbearing majority" on a government, though the essay as a whole focuses on the Constitution's efforts to mitigate factionalism generally.
U.S. President Joe Biden nominated Jerome Powell for a second term as chair of the Federal Reserve, and Lael Brainard as Vice Chair on Monday morning. Biden praised Powell's https://www.reuters ...
The term "Greenspan put" is a play on the term put option, which is a financial instrument that creates a contractual obligation giving its holder the right to sell an asset at a particular price to a counterparty, regardless of the prevailing market price of the asset, thus providing a measure of insurance to the holder of the put against falls in the price of the asset.
The Fed’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—rose 2.8% from a year ago in March. That ...
The Fed rate cuts made since September have "notably reduced the restrictiveness of monetary policy," she added. The Fed has now lowered short-term rates by a full percentage point to a range of 4 ...
Under his guidance, the Fed lowered its funds interest rate from 5.25% to 0.0% within less than a year. When this was considered insufficient to abate the liquidity crisis , the Fed initiated quantitative easing , creating $1.3 trillion from November 2008 to June 2010 and using the created money to buy financial assets from banks and from the ...