NEW YORK/SAN FRANCISCO (Reuters) - Janet Yellen's first policy-setting meeting as chair of the U.S. Federal Reserve will focus on how to finesse a rewriting of the central bank's promise to keep interest rates low without roiling financial markets.
I was in New York on Friday attending the U.S. Monetary Policy Forum. One of the sessions was on how central banks could better communicate their plans for using unconventional monetary policy. Federal Reserve Bank of Chicago President Charles Evans presented some very interesting ideas. Evans argued that the most important element for effective communication […]
The Federal Reserve official who was instrumental in guiding the central bank to provide detailed verbal guidance on the potential timing of interest rate increases says the time has arrived to change this system.
Federal Reserve Bank of Chicago President Charles Evans said Monday the central bank is on the verge of changing the guidance it offers on the potential timing of interest rate increases.
COLUMBUS, Georgia (Reuters) - An influential U.S. policymaker said on Monday the Federal Reserve will continue to trim its monthly asset purchases at a $10 billion pace, and gave detail on how the central bank might adjust its so-called forward guidanc...
Bad weather is largely responsible for some recent weak economic data and should not lead the Federal Reserve to stop reducing a key stimulus program, a top central bank official said Monday.
Because of changes in charges levied by the Federal Deposit Insurance Corp., foreign banks accounted for almost half of the reserves held at the U.S. Federal Reserve in December, according to a paper published by the Bank for International Settlements Sunday.
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.
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
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.
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.
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...
WASHINGTON (Reuters) - Federal Reserve Bank of St Louis President James Bullard had the biggest impact on bond markets of all Fed policymakers in 2013, according to a new tally.
The Federal Reserve will likely have to wait until the middle of the year for a clear picture of the economy to emerge, potentially delaying any changes to its bond-buying program, a top official at the central bank said Thursday. In an interview with The Washington Post, Atlanta Fed President Dennis Lockhart blamed much of […]
Cole Bolton, The Onion’s new editor — he once worked at the Federal Reserve Bank of Chicago and claims he hates comedy — started working for “America’s Finest News Source” as a headline writer eight years ago. He became head writer last November, then was promoted to editor-in-chief in February. “Yeah. I’m just that good,” … Read More
The hawks are having a rough time at the Federal Reserve. These are the officials who believe that guarding against inflation is the central bank’s overriding mission. They are a vocal minority within a dovish Fed, where the primary goal since the recession has been fighting unemployment. The hawks have been pilloried since the release […]
Federal Reserve Bank of San Francisco President John Williams said Wednesday he continues to have an optimistic view of the economy’s outlook despite recent weakness in growth.
By Donald van Deventer: The Federal Reserve and The Office of the Comptroller of the Currency released guidance Wednesday for medium-sized U.S. bank holding companies on stress tests of capital adequacy. The stress tests have major implications for bank holding companies of all sizes, but particularly for the largest firms like JPMorgan Chase & Co. Show More Summary
The Senate Banking Committee’s postponement of a confirmation hearing on three Federal Reserve board nominees means the board will very likely have just four voting governors at the central bank’s policy meeting in two weeks, instead of the customary seven.