By Jason Lange WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year. Show More Summary
New figures released by the Federal Reserve Bank of New York on Tuesday show that mortgage lending is running at its lowest level in 13 years, with 2014 on pace to be the weakest for new loans since 2000.
The Richmond Federal Reserve Bank said that manufacturing activity expanded at a slower rate in November. The composite index ofRead the Rest...
Last Friday New York Federal Reserve Chairman and former Goldman Sachs Chief Economist William Dudley went before the Senate Banking Subcommittee on Financial Institutions and Consumer Protection. Dudley testified in the wake of a slew...Show More Summary
The Dallas Federal Reserve Bank said that manufacturers continued to expand in November. The composite index of general business conditionsRead the Rest...
Michael Corbat has circled Jan. 5, 2015, on his calendar. That's when his administrative staff at Citigroup (NYSE: C) will turn in reams of paperwork for the Federal Reserve's Comprehensive
In what could definitely be called a stunning move, the Netherlands has announced it has repatriated in excess of 120 tonnes of gold from the vaults of the Federal Reserve in New York to the Dutch Central Bank in Amsterdam. Officially...Show More Summary
The Federal Reserve is conducting an internal investigation that is to last "several months" after criticism that the Fed is improperly supervising America's banks. On November 21, William C. Dudley, the former chief economist of Goldman...Show More Summary
A new phase in the markets began this month. The Federal Reserve ended its QE3+ purchases. The Bank of Japan unexpectedly and dramatically stepped up its asset purchases under its QQE operations. The government's largest pension fund announced aggressive portfolio diversification plan. Show More Summary
A Senate hearing this week raised the question of whether the Fed has fully addressed its alleged shortcomings as a regulator of big banks. Here are five things to know.
The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating. William Dudley,... To view the full story, click the title link.
The Federal Reserve has asked its inspector general, Mark Bialek, to scrutinize the manner in which the central bank oversees large financial companies, potentially pulling back the curtain on an area that has seen endless criticism since the financial crisis.
Broad expectations the Federal Reserve will start raising short-term interest rates next summer are being driven not so much by economic considerations as they are by quirks in how the U.S. central bank conducts its policy meetings, and that's a bad thing, a top Fed official said Thursday.
From the Kansas City Fed: Growth in Tenth District Manufacturing Activity Expanded Further The Federal Reserve Bank of Kansas City released the November Manufacturing Survey today. According to Chad Wilkerson, vice president and economist...Show More Summary
The Federal Reserve Bank of Kansas City said that manufacturing activity picked up somewhat in its district in November. TheRead the Rest...
The Federal Reserve announced Thursday that it was reviewing its bank examination operations amid accusations that its regulators are too cozy with the banks they oversee. A day ahead of a Congressional hearing into whether the Fed has fallen to “regulatory capture” — when...
Daniel K. Tarullo, the Fed governor, on Friday is expected to describe potential rules that could restrict banks from some types of commodities operations and force banks to amass more capital to protect against commodity losses.
WASHINGTON (Reuters) - The Federal Reserve will issue in the first quarter of next year a formal notice of rules it has been reviewing for financial holding companies and their activities in the physical commodities markets, a top official with the U.S. Show More Summary
The Federal Reserve on Thursday said it launched two internal reviews of its oversight of the nation's largest banks to determine if officials are getting the information needed to properly supervise their operations.
By Howard Schneider WASHINGTON (Reuters) - The U.S. Federal Reserve has launched a review of how it oversees major banks, calling on its inspector general to help with the probe after a series of critical reports. Separate studies to...Show More Summary