[Over at Equitable Growth]: It is always instructive to look at the materials that the Federal Reserve's Federal Open Market Committee pumps out, especially their semi-anonymized (hi, Charlie Evans, with your 3% longer-run value) estimates of what the appropriate federal funds rate would be. Show More Summary
Submitted by Steve Keen via Forbes.com, The Financial Crisis of 2007 was the nearest thing to a “Near Death Experience” that the Federal Reserve could have had. One ordinarily expects someone who has such an experience—exuberance behind...Show More Summary
The Washington Post missed the opportunity to correct Stanley Fisher, the vice-chair of the Federal Reserve Board, on his arguments for raising interest rates. An article on the prospect of Fed rate hikes later this year quoted Fisher on the desirability of raising rates so that the Fed would have room to use normal monetary policy (i.e. Show More Summary
Submitted by Michael Snyder via The Economic Collapse blog, Since the depths of the last recession, the price of ground beef in the United States has doubled. Has your paycheck doubled since then? Even though the Federal Reserve insists...Show More Summary
Federal Reserve Chairperson Janet Yellen said that the US Federal Reserve is likely to gradually increase interest rates later in 2015.
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.
Despite significant cost-cutting measures taken in recent years, Illinois school districts are having to tap into their reserves and borrow more as state and federal funding dries up, according to a new report by the Illinois State Board...Show More Summary
Andrew Harrer/Bloomberg via Getty ImagesFederal Reserve Chair Janet Yellen By Ann Saphir and Michael Flaherty SAN FRANCISCO and WASHINGTON -- An interest rate hike by the Federal Reserve may be warranted later this year, with a gradual...Show More Summary
Here are five key quotes from Federal Reserve Chairwoman Janet Yellen's remarks to a conference at the San Francisco Fed.
But the Federal Reserve chair stresses that any rate increases would likely be very gradual
Federal Reserve chair Janet Yellen said interest rate hikes could be coming later this year. In a speech at the San Francisco Fed on Friday, Yellen said: With continued improvement in economic conditions, an increase in the target range for that rate may well be warranted later this year. Show More Summary
The Federal Reserve’s No. 2 official urged regulators to be vigilant in monitoring risks in the so-called shadow-banking sector.
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.
As the stock market prepares to close later today, Yellen will deliver a speech on the new normal for monetary policy at a conference hosted by the San Francisco Federal Reserve, of which she was previously the President.
This chart comes from the Federal Reserve's new report on mobile banking. In most of these categories, people who claim not to be mobile payments users have actually made some kind of mobile payment — almost to the extent that self-identified mobile payments users have. Join the conversation about this story » NOW WATCH: 14 things you didn't know your iPhone headphones could do
Investors seem pretty optimistic about the European stock market. With fears of a June interest rate hike by the Federal Reserve abating and worries rising about U.S. corporate earnings, investors pushed into European equity funds during the seven-day span ending March 25 and exited U.S. funds during the same period, according to data released by [...]
NEW YORK (Reuters) - U.S. stock index futures dipped on Friday, setting indexes up for a full week of daily declines, as the dollar index added to the previous session's rebound ahead of a speech from Federal Reserve Chair Janet Yellen. Show More Summary
(Reuters) - U.S. Federal Reserve Vice Chair Stanley Fischer said on Friday that the nonbank financial sector today is less vulnerable to the type of shocks that played a key role in spreading the U.S. financial crisis. Fischer, who chairs...Show More Summary
Back in 1965, much as today, the Federal Reserve's main inflation gauge was running at a low 1.25%, labor costs were growing slowly and the unemployment rate was half a percentage point above what then was viewed as optimal.