I recently attended a lecture given by Arnold Kling, who is a former Federal Reserve economist on the Board of Governors staff, former senior economist at Freddie Mac, and all-around financial and monetary expert. The talk was very interesting--his...Show More Summary
The conclusion of the most recent speech by Narayana Kocherlakota, President Federal Reserve Bank of Minneapolis I am an economist, and economics is often, with good reason, called the “dismal” science. But my message to you today is one of...
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2015. In the past month, the indexes increased in 40 states, decreased in six, and remained stable in four, for a one-month diffusion index of 68. Show More Summary
Scott Eisen/Bloomberg News Janet Yellen, chair of the U.S. Federal Reserve, speaks during a Greater Providence Chamber of Commerce Economic Outlook luncheon in Providence, Rhode Island, U.S. Investors continue to gird for a interest-rate hike after years of waiting in vain. One manifestation of this guarded behavior can be seen in investor flows into short-duration [...]
Worries that the Federal Reserve’s bond buys would lead to runaway inflation were misguided and have proven incorrect, according to new research from the Cleveland Fed.
Stocks have catapulted through recovery. Among the things that have driven the expansion, a key factor has been the role of the Federal Reserve. In market commentary on Wednesday, Blackstone's Byron Wien pegs a number on this: $3 trillion. Even...Show More Summary
Today's culprit is National Public Radio. The point here is extremely simple. We know how fast robots and other technologies are replacing workers. In fact the Bureau of Labor Statistics measures it quarterly, it's called "productivity...Show More Summary
Daniel H. Cooper (Federal Reserve Bank of Boston), Byron F. Lutz (Federal Reserve Board) & Michael G. Palumbo (Federal Reserve Board), The Role of Taxes in Mitigating Income Inequality Across the U.S. States: Income inequality has risen dramatically in the United States since at least 1980. This paper examines the...
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Thursday that he thinks it would be a mistake for the Fed to raise its benchmark short-term interest rate this year.
The Federal Reserve should consider new policy options, including directly targeting a non-inflation-adjusted level of economic growth, after more than six years of sustained monetary easing failed to spur a boom, Federal Reserve Bank of St. Louis President James Bullard said.
(Reuters) - Forward guidance and bond-buying, two mainstays of global central banking since the 2007-2009 financial crisis, may actually be of little use in jump-starting a moribund economy, a study by a top Federal Reserve official showed on Thursday. Show More Summary
George Selgin has recently focused on the failure of Federal Reserve policy to finance a normal recovery. The Fed has greatly expanded its balance sheet and created a large quantity of excess reserves, which, for a variety of reasons, commercial banks have not mobilized into credit creation. Show More Summary
Are the Federal Reserve's efforts to resuscitate the economy aiming at the wrong target? That's the argument from St. Louis Fed President James Bullard in a working paper released Thursday afternoon. In the wake of the financial crisis, the central bank pumped trillions of dollars into the economy and promised to keep its benchmark interest rate […]
The Federal Reserve has little appetite to make policy based on the economic situation outside of the US, but minutes from its most recent meeting show that it is being forced to. Early in her tenure as Chair of the Federal Reserve....
I was shocked to read yesterday that the FEDERAL RESERVE had the time to do a survey. I was also shocked to see a WSJ article in front of the […] The post Americans are Broke, Jamie Dimon Thinks You are Stupid and Millennials are Narcissistic appeared first on Trends... Find them, ride them and get off..
The Federal Reserve will likely raise interest rates at some point this year as the economy rebounds from a weak first quarter, San Francisco Fed President John Williams said Thursday.
Daniel Fuss of Loomis Sayles doesn't think the Federal Reserve will raise rates this year. The market sees a high chance that the Fed will hike for the first time in seven years before 2015 runs out. And last Friday, Fed chair JanetShow More Summary
Former US Federal Reserve chairman says prudential policies 'the best approach' to house price concerns.
The Federal Reserve should refrain from using interest-rate policy to address risks to financial stability "even as a last resort," San Francisco Fed President John Williams said Thursday. That is because the effects of monetary policy...Show More Summary
By Hideyuki Sano TOKYO (Reuters) - Asian shares edged up on Thursday on vague hopes of a rescue deal for Greece while the dollar was at the helm in currency markets on expectations that the U.S. Federal Reserve will raise rates later this year. Show More Summary