More than a dozen community activists picketed the Federal Reserve Bank of Philadelphia this week, protesting what they say is the bank president’s refusal to meet with them to discuss how Fed monetary policy affects real people. The...Show More Summary
The former Federal Reserve chair on the U.S. recovery, killing bad banks and his new book about the 2008 meltdown, The Courage to Act
Most Americans will end up at 55 where they were at 35—not in vigor or short-term memory, sadly, but in earnings. Recently researchers at the Federal Reserve Bank of New York announced some grim news: An impressive study of 200 million Social Security records going back to 1978 revealed that working Americans’ earnings plateau in their 40s. Show More Summary
David Karp/AP By Richard Leong NEW YORK -- Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released Wednesday. From...Show More Summary
The Federal Reserve Bank of New York The gold vault at The Federal Reserve Bank of New York. Christopher Jacobson, a derivatives strategist at Susquehanna, says options trading has been bullish in the SPDR Gold Shares exchange-traded fund (GLD) of late. Gold’s been showing signs over life in recent weeks. Some analysts are getting downright optimistic. […]
NEW YORK (Reuters) - Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Show More Summary
The Chicago Federal Reserve bank’s task force on improving the US payments system yesterday released a check list of criteria a new solution should meet. Ubiquity is important — it said that a new system should allow any individual or business to pay any other business or company. Or as [...]
Enrico Moretti (UC-Berkeley) & Daniel Wilson (Federal Reserve Bank of San Francisco), The Effect of State Taxes on the Geographical Location of Top Earners: Evidence from Star Scientists: Using data on the universe of U.S. patents filed between 1976 and 2010, we quantify how sensitive is migration by star scientist...
WASHINGTON (Reuters) - The Federal Reserve on Monday announced it was extending through Oct 30 the public comment period for an application by U.S. banking giant Goldman Sachs Group Inc to acquire assets and liabilities from GE Capital Bank. Show More Summary
If you move money around in your accounts frequently, you might’ve been hit with a transaction limit penalty at some point. When this happened to me, I was upset at my bank, but it’s actually the Federal Reserve that limits your savings account to six transactions a month. But why? Read more...
Submitted by Michael Lebowitz of 720 Global Shorting the Federal Reserve - Part Deux The sequence of events leading up the French Revolution are likely unfamiliar to most. Yet money printing and a debauched French currency played no small part in those events. Show More Summary
``Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the U.S. central bank would have been "totally justified" if it had increased policy stimulus to combat low inflation when it met last month, adding that negative...Show More Summary
The Reserve Bank's rationale for an expected rates hold will be of interest to local observers, while the release of minutes from the US Federal Reserve's September meeting will be keenly anticipated by global investors.
John Williams, chief of the San Francisco Federal Reserve Bank, happens to have the same name as the guy who wrote the music for the Star Wars films. Judging from his speeches of late, the Fed’s own Williams is something of a sci-fan himself. Thursday in Salt Lake City he borrowed from the iconic greeting […]
On Wednesday afternoon, the Federal Reserve said it finally approved M&T's acquisition of Hudson City, a merger that will create a lender with $132.5 billion in assets and deposits of $90 billion.
St. Louis (Reuters) - Federal Reserve Chair Janet Yellen did not comment on the U.S. economy or monetary policy in brief welcoming remarks to a community banking symposium on Wednesday. It was Yellen's first public appearance since a...Show More Summary
This post originally appeared on Business Insider. The Federal Reserve, which regulates the biggest banks in the United States, is starting to turn its eye to some of the smallest and newest lenders on the scene. Startups are partnering with banks both big and small to originate billions of dollars’ worth of consumer loans. Show More Summary
The Federal Reserve, which regulates the biggest banks in the US, is starting to turn its eye to some of the smallest and newest lenders on the scene. Startups are partnering with banks both big and small to originate billions of dollars’ worth of consumer loans. Show More Summary
Book notes: America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein is a “gripping tale.” (Fortune)
By Jonathan Spicer MILWAUKEE (Reuters) - A flurry of planned appearances this week by Federal Reserve officials began on Monday, but conflicting views by policymakers raised more questions about the U.S. central bank's ability to manage its message at a critical juncture. Show More Summary