Conservatives love to complain that uncertainty in government policy hurts business. Usually, they’re talking about the deficit, or health care regulations, or the Federal Reserve. But of course, American business at large has thrived...Show More Summary
The Federal Reserve released transcripts from its 2009 meetings this week, and two things jump out. First, current Federal Reserve head Janet Yellen, who was president of the Federal Reserve Bank of San Francisco at the time, was making some predictions accurate enough that it is hard to believe she... More »
Citigroup has a lot riding on one upcoming test – which means there's also a lot riding on the man who's leading the charge. The Federal Reserve's annual stress test will determine the future of the bank as well as Citi CEO Michael Corbat. Show More Summary
In a previously unreported power shift, the Federal Reserve has quietly taken control of Wall Street bank regulation – right out of the hands of the New York Fed, The Wall Street Journal's Jon Hilsenrath reported. “This reserve bankShow More Summary
I wasn't aware of this, apparently for good reason: Washington Strips New York Fed’s Power, by Jon Hilsenrath, WSJ: The Federal Reserve Bank of New York, once the most feared banking regulator on Wall Street, has lost power... The Fed’s...
The evidence clearly shows that the U.S. job market now is consistently beating rising expectations, which should give pause to those doubting an interest rate rise is coming from the Federal Reserve later this year.
The Federal Reserve has become more worried about inflation over the last few decades
The Federal Reserve Bank of New York has lost regulatory power to the Fed's headquarters in Washington, D.C. The city will unveil a $250 million effort aimed at making hazardous streets in Brooklyn,... To view the full story, click the title link.
The Wall Street Journal has published an important account of a behind-the-scenes power struggle at the Federal Reserve over authority for regulation. The result that the New York Fed has had significant amounts of its authority shifted to the Board of Governors in Washington, DC. Show More Summary
By Douwe Miedema WASHINGTON (Reuters) - The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. Show More Summary
Changes at the Federal Reserve have shifted regulation of large Wall Street financial firms to Washington from New York. Here’s a look at the revamp.
Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn.
Federal Reserve officials spent 2009 worrying about the worst U.S. economic downturn they had seen in their lives, the weakness of the nascent recovery and the uncertainties surrounding their policy options.
Today the Federal Reserve Board released its Summary of Commentary on Current Economic Conditions. Commonly referred to as the “Beige Book,” the report included the following observations with respect to the U.S. agricultural economy: Sixth District- Atlanta- “Drought conditions improved in parts of the District although there were still some areas reportedly affected by […]
Wall Street is on edge as it awaits the release of the results of the Federal Reserve’s tests, starting on Thursday.
Stocks tumbled for a second consecutive day after an ADP jobs report for February that missed expectations, and a dump of new anecdotal information from the Federal Reserve. Dow: 18,111.96 -91.41 (-0.50%) S&P 500: 2,095.38 -12.40 (-0.59%)...Show More Summary
The U.S. economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions, the Federal Reserve reported Wednesday. The Fed said... To view the full story, click the title link.
U.S. economic activity has continued to expand this year, but snowstorms in New England and a labor dispute at West Coast ports caused slowdowns in some parts of the country, according to the Federal Reserve’s latest survey of regional economic conditions.
Federal Reserve Bank of Kansas City President Esther George wants to see the U.S. central bank start raising short-term interest rates at some point over the summer, worrying that if Fed doesn't get moving soon future rate increasesShow More Summary
Back on February 7, 2009, one month before the Fed unveiled its massive (for its time) first episode of Quantitative Easing, the Federal Reserve was flailing. And, as revealed today by the latest annual batch of Fed transcript releases,...Show More Summary