Charles Schumer (D., N.Y.), a leading Democrat on the Senate Banking Committee, said Friday that Stanley Fischer shouldn't have any trouble getting confirmed as the second-in-command at the Federal Reserve.
Federal Reserve officials have long praised the value of anecdotal information as they weigh the state of the economy. Over the last few years, New York Fed President William Dudley has taken notion to heart.
The emerging markets have had a rough year. Concerns about the Federal Reserve tapering its monthly bond-buying program and a rise in interest rates got investors antsy. The concern was that this could cause a reversal in capital flows...Show More Summary
By Mark J. Perry: The Federal Reserve reported today the net worth of American households – the difference between the value of total household assets and total household liabilities – rose to a new all-time record high of $80.66 trillion in Q4 last year (see chart above). Show More Summary
By Chad Karnes The U.S. Federal Reserve's dual mandate is to maximize employment and combat inflation, nothing else right? Well, if Japan's central bank and monetary policy is any sign, the Reserve banks of the world also likely control the equity markets too, unintended consequences or not. Show More Summary
Sure, the market is reacting Friday to an improving jobs outlook, which might force a stingier policy at the Federal Reserve. But the weakest areas point in a different direction: China and emerging markets. Judging by the trading in emerging markets, Chinese stock ETFs and especially the price of copper — which is keenly sensitive [...]
A rare sociological analysis of Federal Reserve policy argues top central bank officials missed the oncoming crisis because they failed to make the connection between housing, the banking industry and the economy.
The amount of the equity people have in their homes hit $10 trillion in the fourth quarter, the highest level since 2007. It's a tidbit of data from the Federal Reserve that generated lots of excitement this week about how the comeback will lift consumer spending. Not so fast, says Amir Sufi, a finance professor […]
U.S. consumer credit expanded by only $13.7 billion in January, according to the latest data from the Federal Reserve. More to come... Join the conversation about this story »
Federal Reserve Bank of New York President William Dudley said Friday the U.S. dollar faces little threat from the upstart private currency called Bitcoin.
NEW YORK (Reuters) - The Federal Reserve is not about to back off its highly accommodative policy, though investor predictions of a rate rise by midway through next year are reasonable, an influential U.S. central banker said on Fri...
NEW YORK (Reuters) - It is reasonable for investors to predict that the U.S. Federal Reserve will raise interest rates sometime around mid-2015, New York Fed President William Dudley said on Friday.
The latest Federal Reserve report on total U.S. net worth rose to $80.7 trillion in the fourth quarter. Did you get your share?
By John M. Mason: Former Chairman of the Board of Governors of the Federal Reserve System, Ben Bernanke argued that the way to speed up economic growth was to create a consumer "wealth effect" and this would drive consumption spending, which would lead to business investment, and so on and so forth. Show More Summary
LM Otero/AP By Lucia Mutikani WASHINGTON -- U.S. job growth rose more than expected in February, easing fears of an abrupt slowdown in economic growth and keeping the Federal Reserve on track to continue reducing its monetary stimulus. Employers...Show More Summary
Keating highlights a study that uses nighttime satellite photography to illustrate economic changes over time: In a recent NBER working paper (summary here), Maxim Pinkovskiy of the Federal Reserve Bank of New York and Xavier Sal-i-Martin...Show More Summary
NEW YORK (Reuters) - William Dudley, the head of the Federal Reserve Bank of New York, said a policy meeting later this month is a good time for the U.S. central bank to adjust its published guidance on when interest rates would eventually rise, accord...
February's employment numbers were decent, and it is increasingly clear that Federal Reserve officials are not going to modify their scheduled retreat from bond-buying unless they must.
Sam Hodgson/Bloomberg via Getty Images By Lucia Mutikani WASHINGTON -- U.S. hiring likely picked up enough in February to keep the Federal Reserve on track in reducing its monetary stimulus. But the size of the gain is nevertheless expected...Show More Summary
US hiring likely picked up enough in February to keep the Federal Reserve on track in reducing its monetary stimulus. ||| Washington - US hiring likely picked up enough in February to keep the Federal Reserve on track in reducing its monetary stimulus. Show More Summary