``Jeff Rosenberg, chief fixed income strategist at BlackRock, discusses the change in Federal Reserve Chair Janet Yellen's message on inflation as she testified this week on Capitol Hill and looks at market skepticism on the Fed's rate path. He speaks on "Bloomberg Daybreak: Americas." ''
According to Alan Greenspan, former chair of the Federal Reserve Bank, some big economic problems we face are due to low productivity growth, which led to lower savings rates and less capital for investment, But a bigger problem may be lagging personal income.
Student loans were the leading cause for a substantial increase in household debt last year, the Federal Reserve Bank of New York said Thursday. While the high balance of US student debt is not news anymore, the new record-high $1.31...Show More Summary
Have you needed to use your high school chemistry recently? The St. Louis Federal Reserve Bank, part of the US central bank system, is on the forefront of trying to make economic and personal finance information accessible to the general public, and especially to students.
Alan Greenspan, the former chairman of the US Federal Reserve whose low-interest policies (some say) helped inflate the dot-com and mortgage bubbles of 2000 and 2008, did a fascinating interview with Gold Investor recently. In it, Greenspan...Show More Summary
The first time we explained that one of the biggest risks facing a world in which the dollar is the reserve currency is a global USD shortage, was in mid-2009, when we wrote "How The Federal Reserve Bailed Out The World." At the time,...Show More Summary
``The problem could be even worse than the New York Fed's data suggest. The report is based on a sample of household credit reports, which regulators have found are often filled with errors. The Federal Reserve Board in Washington has total student debt pegged higher, at $1.41 trillion... Show More Summary
If you don’t like the idea of living in the same neighborhood as your parents, you may have a reason to reconsider. A new study by the Cleveland Federal Reserve shows that people who lost their job and lived near their parents were able to grow their wages faster than those who lived farther away.
Americans' debt balances rose "substantially" in the final quarter of 2016, according to the Federal Reserve Bank of New York. Household debt totaled $12.58 trillion as of December 31, 2016, according to the New York Fed's latest quarterly report on credit. Total debt increased by 1.8%, or $226 billion, in Q4. Show More Summary
CHARGE IT: U.S. household debt near record levels, Federal Reserve report says. It hasn’t been this high since 2008, but the foundation might be more secure this time around: The report indicates mortgages still make up the bulk of household debt, but student loans are now 10 percent of the total, auto loans are 9 […]
Former Federal Reserve chairman Alan Greenspan has a dire warning for Europe. Simply put: "The eurozone isn't working." Speaking in an interview in the February issue of "Gold Investor" — a magazine issued by the World Gold Council,Show More Summary
Submitted by Simon Black via SovereignMan.com, In a scathing editorial published in the Wall Street Journal today, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, blasted US banks, saying that they still lacked...Show More Summary
(February 16, 2017 04:48 PM, by Scott Sumner) Here's Business Insider: Janet Yellen's warning about low rates causing a recession doesn't make sense Federal Reserve Chair Janet Yellen told Congress this week that the US central bank could cause a recession if it waited too long to raise... (0 COMMENTS)
The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district...
Investors are focusing on upcoming European elections as risks, but the French outcome matters much more than what happens in Germany, the Netherlands, or Italy. Concerns about China's economy and the Federal Reserve's interest-rateShow More Summary
The Q4 report was released today: Household Debt and Credit Report.From the NY Fed: Household Debt Increases Substantially, Approaching Previous Peakhe Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt...Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity expanded in February at its strongest rate since November 1983. The composite index of general business activity rose from 23.6...
Federal Reserve Chair Janet Yellen told Congress this week the central bank could cause a recession if it waits too long to raise interest rates. Wait, what? Isn't it the other way around? Yes, according to Janet Yellen's testimony just...Show More Summary
Former Federal Reserve Chairman Alan Greenspan has again defended the gold standard monetary system that the US dropped in the 1930s. The gold standard pegged the value of the dollar to the precious metal at $35 an ounce, and the USShow More Summary
Examining Changes in Labor Force Participation Ellyn Terry, Atlanta Federal Reserve, February 6, 2017 The Labor Department announced on Friday that January’s unemployment rate was 4.8 percent, only 10 basis points below the level in January 2016. Show More Summary