An inveterate Federal Reserve advocate of tighter financial conditions on Wednesday renewed his call for higher benchmark interest rates and shrinking the Fed's balance sheet to pre-financial crisis levels.
It is our contention that if the monthly private sector job growth shows a gain of 200,000 jobs or more, then it will be very difficult for the financial markets not to have a strong response to the collective employment data.
The delay by the Federal Reserve Board in adopting final rules to limit debit-card interchange fees could benefit the largest banks.
The Federal Reserve will not meet an April 21 deadline for issuing a final rule cracking down on the fees banks charge merchants when a debit card is used, Fed Chairman Ben Bernanke said in a letter to U.S. lawmakers on Tuesday.
St. Louis Federal Reserve chief James Bullard urged the U.S. central bank on Tuesday to begin reversing its campaign of monetary easing, saying it could trim its $600 billion bond-buying program by $100 billion.
The U.S. Federal Reserve's $600 billion asset purchase program could be trimmed by some $100 billion given the recovery in the U.S. economy, St. Louis Federal Reserve President James Bullard said on Tuesday.
U.S. policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalizing loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.
U.S. policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalizing its loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.
The U.S. economy still needs support from the Federal Reserve's full $600 billion planned bond purchases, despite signs its recovery is becoming self sustaining, top Fed officials said on Monday.
The U.S. Federal Reserve Bank should complete its planned $600 billion in bond purchases, but probably does not need to do buy additional bonds to support the economy, a top Fed official said on Monday.
Surging U.S. gas and food prices are unlikely to trigger a broad rise in costs that would force the U.S. Federal Reserve to reverse its ultra-loose monetary policy stance, a top Fed official said on Monday.
The U.S. economy is on track for a sustained recovery but remains sufficiently weak to warrant the help of loose monetary policy, Atlanta Federal Reserve President Dennis Lockhart said on Monday.
The Federal Reserve should consider trimming its $600 billion bond purchase program given pretty good U.S. economic data, Federal Reserve Bank of St. Louis President James Bullard said on Saturday.
The Bank of Japan (BOJ) should be much more aggressive, said Paul Sheard, global chief economist of Nomura Securities.
Lengthening the extended period of low U.S. interest rates could encourage a liquidity trap, a top Federal Reserve official said on Saturday.
Thomas Hoenig, one of the most outspoken anti-inflation hawks among senior Federal Reserve officials, will step down as president of the Kansas City Fed October 1, the bank said on Friday.
NEW YORK, March 25 - The U.S. economy is on a firmer footing, and the U.S. central bank will have to reverse its easy money policy in the not-too-distant future to avoid sowing the seeds of inflation, a top Federal Reserve official said on Friday.
Thomas Hoenig, one of the most outspoken anti-inflation hawks among senior Federal Reserve officials, will step down from the Kansas City Fed October 1 as widely expected after he reaches mandatory retirement age, according to a bank statement on Friday.
The Federal Reserve should complete its current round of bond-buying, designed to support the recovery, and likely does not need to extend it, Chicago Fed President Charles Evans said on Friday.
The U.S. economic recovery is on solid ground, making it unlikely the Federal Reserve will extend its bond-buying stimulus program, Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday.
The collapse of an asset bubble will not necessarily lead to higher unemployment as long as monetary policy is loose enough, a top Federal Reserve Bank official said on Friday.
The economic recovery is on solid ground but there are still enough sources of weakness to justify keeping interest rates very low, Atlanta Federal Reserve President Dennis Lockhart said on Friday.
