Ever since the collapse of Lehman Brothers, the Federal Reserve has engaged in financial experimentation that has delivered the weakest rebound on record while spreading deleterious effects around the globe that author Brendan Brown, in a forthcoming book, likens to a plague.
Proponents of a Federal Reserve interest rate hike have a new argument: Raise rates now so they are high enough for the central bank to cut them later when the economy begins shrinking. But many analysts believe the risks of precipitating...Show More Summary
Banks Offering Mobile Banking But Consumers Slow to Adapt Financial institutions are offering mobile banking faster than consumers are adapting to it, according to a recently published survey from the Federal Reserve Bank of Boston. Four out of five banks and credit unions said less than 20% of their users had [...]
JACKSON HOLE, WYO. -- Federal Reserve Vice Chairman Stanley Fischer said Friday that it was “too early to tell” whether the nation’s central bank should raise its target interest rate for the first time in nearly a decade when it meets next week. In an interview with CNBC during the Economic Policy Symposium in Jackson […]
Susan Walsh/APFederal Reserve Vice Chair Stanley Fischer By MARTIN CRUTSINGER WASHINGTON -- Federal Reserve Vice Chairman Stanley Fischer said Friday that incoming economic data and market developments will likely determine whether the...Show More Summary
Tim Duy: Hawkish Rumblings, by Tim Duy: Fedspeak from the Jackson Hole conference suggests that the more hawkish FOMC participants are sticking to their guns. Cleveland Federal Reserve Bank President Loretta Mester, via the Wall Street Journal: “I want to...
Federal Reserve Vice Chairman Stanley Fischer says that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September.
SUSAN WALSH/ASSOCIATED PRESS Federal Reserve Vice Chairman Stanley Fischer speaks during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington, Wednesday, Oct. 22, 2014. Is the Federal Reserve going to raise interest rates next month? Fed Vice Chairman Stanley Fischer just said on CNBC that the […]
WASHINGTON (Reuters) - The U.S. Federal Reserve is waiting to see how data and markets unfold over the coming weeks before deciding whether to raise interest rates at its September meeting, Vice Chair Stanley Fischer said on Friday.Show More Summary
NEW YORK (Reuters) - The U.S. economy is on track to grow 1.2 percent in the third quarter on data showing a decline in consumer spending on services in July, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday. This...Show More Summary
By Jonathan Cable LONDON (Reuters) - Fears over the health of China's economy kept world markets on edge this week and the country will remain in focus, along with the question of whether the Federal Reserve will raise interest rates next month. Show More Summary
A propped-up Chinese stock market logged a second day of gains but the action may not be enough to soothe jittery investors across major markets, especially with the Federal Reserve powers gathering at a fortuitous time (although they may not see it that way). It’s not surprising that Friday stirs [...]
Federal Reserve policymaker says US fundamentals look good, despite global market turbulence.
The Kansas City Federal Reserve Bank said that manufacturing activity in its district has declined for six straight months. TheRead the Rest...
When will rates rise?
JACKSON HOLE, Wyo. (Reuters) - Recent market turmoil should not delay the Federal Reserve from raising U.S. interest rates at least once, given that the selloff and a slowdown in China have so far had little effect on the U.S. economy, a top Fed official said on Friday. Show More Summary
WASHINGTON, (Reuters) - U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. Show More Summary
(Reuters) - Violent swings in financial markets over the last 10 days will probably not change the Federal Reserve's view that the U.S. economy is on a firm footing, a top Fed official said on Friday. "The U.S. outlook still looks very good," St. Show More Summary
JACKSON HOLE, WYO. -- The Federal Reserve has drawn plenty of critics in the years since the financial crisis. But it’s a good bet nobody guessed one of the founders of Facebook would be among them. Dustin Moskovitz and his wife, Cari Tuna, have become billionaires since he started the behemoth social networking site with […]
Progressive activists and economists who want the Federal Reserve to prioritize jobs and racial justice brought their case to the central bankers' summer meeting in Jackson Hole, Wyoming, on Thursday for two days of teach-ins and protests. Show More Summary