Federal Reserve Bank of Atlanta president Dennis Lockhart said Wednesday he believes the U.S. economy will pick up in the second quarter, and the June to September window remains "quite feasible" for the central bank to start raising interest rates.
STONE MOUNTAIN, Ga (Reuters) - Atlanta Federal Reserve bank president Dennis Lockhart said on Wednesday that the United States remains on track for a likely interest rate hike in the June to September period, with a weak first quarter likely to give way to stronger growth. Show More Summary
Federal Reserve Bank of Kansas City President Esther George said Tuesday that steady economic growth calls for the U.S. central bank to pull back on the level of stimulus it has been providing the economy.
How many one-dollar bills are on you, right now? If you are the average American, a new report from the Federal Reserve Bank of Boston has an answer: three.
WASHINGTON (Reuters) - Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements. The sign-off by the Federal Reserve and the Office of the Comptroller of the Currency comes about one year after the regulators gave similar approvals to other big banks. Show More Summary
How many one-dollar bills are on you, right now? You might need to check your purse, pocket or wallet to get that answer. But if you are the average American, a new report from the Federal Reserve Bank of Boston has an answer: three...
Federal Reserve Bank of Richmond President Jeffrey Lacker said Tuesday the Fed should be prepared to tighten policy faster than expected once it starts to raise short-term interest rates. In a speech to the Greater Richmond Chamber of Commerce, Mr. Lacker said there is a “strong case” for the Fed to begin raising short-term interest rates at its June policy meeting.
The Federal Reserve and other bank regulators have held ongoing meetings with directors at some of the country's largest banks and are asking for access to minutes and other documentation related to... To view the full story, click the title link.
Federal Reserve Bank of Richmond President Jeffrey Lacker said Tuesday there is a "strong case" for the Fed to begin raising short-term interest rates at its June policy meeting. Mr. Lacker said improvements in labor market conditions...Show More Summary
Even top female workers cannot catch a break when it comes to pay inequality. ||| Bloomberg New York EVEN top female workers cannot catch a break when it comes to pay inequality. Researchers at the Federal Reserve Bank of New York are out with a new paper on gender differences in compensation for executives. Show More Summary
From the WSJ: Fed’s Fischer Floats Ideas for Regulating Shadow Banks The Federal Reserve’s No. 2 official floated a series of ideas for regulating nonbank financial companies, the latest indication that top U.S. policy makers are focusing...Show More Summary
STONE MOUNTAIN, Ga. (Reuters) - A top U.S. Federal Reserve official on Monday suggested stress tests and certain capital requirements to contain the risks within the non-bank lending sector, while acknowledging there is little the central bank can do to impose such restrictions. Show More Summary
A new report from the Federal Reserve Bank of San Francisco said that most people who get a new job weren’t seeking it. Instead, recruitment and referrals form the basis of the bulk of new hiring.
Carolyn Kaster/AP By Martin Crutsinger WASHINGTON -- Former Federal Reserve Chairman Ben Bernanke is getting a new title -- blogger. The man who spent eight years as the head of the nation's central bank carefully watching his everyShow More Summary
The Federal Reserve's preferred measure of inflation in February fell short of the central bank's 2% target for the 34th straight month.
WASHINGTON (AP) — Former Federal Reserve Chairman Ben Bernanke is getting a new title — blogger. The man who spent eight years as the head of the nation’s central bank carefully watching his every comment is writing “Ben Bernanke’s Blog,” where he’ll be free to air his opinions on matters of economics and finance. Bernanke [...]
WASHINGTON — Federal Reserve Chairwoman Janet L. Yellen said the central bank was likely to take a more cautious and gradual approach toward raising interest rates than in the past, reflecting a weak economy and other risks of tightening monetary policy too quickly.
Federal Reserve Chairwoman Janet Yellen said Friday that overseas central bank stimulus is mixed but ultimately positive for the U.S. economy.
The Federal Reserve should be very cautious about raising interest rates just because the headline unemployment rate is falling, according to new research from two former central bank officials who are concerned the often-cited figure vastly overstates improvements in the job market.