Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed’s July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to reflect an improving economy and pave the way for a sooner-than-expected interest rate hike. Plosser, who is known for his longstanding… Continue reading VIDEO: Plosser, Fed’s Lone Dissenter, Warns Again On Risks Of Waiting To Hike Rates
Tag: law
VIDEO: BP Says Whiting Refinery Still In Production After Fire
BP said its largest U.S. oil refinery in Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before that was expected to have a minimal impact on production. The company said one worker was taken to an area hospital for treatment, but was later released. BP said operations at the 413,500… Continue reading VIDEO: BP Says Whiting Refinery Still In Production After Fire
VIDEO: Argentina Revokes Bank Of New York Mellon’s Authorization To Operate
Argentina said on Tuesday it had stripped Bank of New York Mellon’s authorization to operate in the South American country, its latest move against the financial institution which blocked an Argentine government debt payment on the orders of a U.S. court. BNY Mellon, a financial intermediary between the Argentine government and its bondholders, has been… Continue reading VIDEO: Argentina Revokes Bank Of New York Mellon’s Authorization To Operate
VIDEO: Pressure Builds Within Fed To Signal New Policy Course
Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade. According to some U.S. central bankers and their close advisers, signs of economic resilience… Continue reading VIDEO: Pressure Builds Within Fed To Signal New Policy Course
VIDEO: Barring ‘very, Very Strong Data,’ Fed’s Lockhart Sees Mid-2015 Hike
A top Fed policymaker said on Friday, only signs of a much stronger U.S. economy will lead the Federal Reserve to hike interest rates before the middle of next year. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said he still felt the economy would probably strengthen enough for a mid-2015 tightening to… Continue reading VIDEO: Barring ‘very, Very Strong Data,’ Fed’s Lockhart Sees Mid-2015 Hike
VIDEO: Fed In ‘real Debate’ On Rate Hike In Early To Mid-2015: Lockhart
Atlanta Fed President Dennis Lohckhar said the Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement as soon as next month. Lockhart told Reuters, “It is reasonable with the improving data to begin to anticipate a… Continue reading VIDEO: Fed In ‘real Debate’ On Rate Hike In Early To Mid-2015: Lockhart
VIDEO: Insight: Brazil’s Slump Hits Job Market As Election Approaches
Many of Brazil’s biggest retailers, homebuilders and carmakers are cutting jobs as Latin America’s largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff’s re-election bid. For years, low unemployment was key to Brazil’s emergence as an economic power and important gains in the fight against poverty. The unemployment rate… Continue reading VIDEO: Insight: Brazil’s Slump Hits Job Market As Election Approaches
VIDEO: HSBC Is Sued In U.S. For $250 Million Over Alleged Role In ‘death Bonds’
HSBC was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled. According to the complaint, HSBC had been a custodian of life insurance policies used as collateral for bonds that SLS sold to investors, and… Continue reading VIDEO: HSBC Is Sued In U.S. For $250 Million Over Alleged Role In ‘death Bonds’
VIDEO: Exclusive: Lockheed, Suppliers Brainstorm How To Lower F-35 Operating Costs
Lockheed Martin met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon’s current forecast of $1.02 trillion through 2065. Top officials from the Pentagon’s Defense Contracts Management Agency and the Defense Contracts Audit Agency were also on hand during… Continue reading VIDEO: Exclusive: Lockheed, Suppliers Brainstorm How To Lower F-35 Operating Costs
VIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget
When calm and order is finally restored to Ferguson, Missouri, the city’s leaders may find little room to maneuver to resolve an issue that has long inflamed racial tensions: traffic tickets. On the surface it would seem an easy fix for the mainly white police force simply to adopt a less aggressive policy on traffic… Continue reading VIDEO: In Riot-hit Ferguson, Traffic Fines Boost Tension And Budget
VIDEO: No Fed Fireworks, But Plenty Of Clues, Expected At Jackson Hole
Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming. Few predict anything so momentous as the speech by Federal Reserve chairman Ben Bernanke two years ago that paved the way for an unprecedented $85 billion per month stimulus plan. But policymakers… Continue reading VIDEO: No Fed Fireworks, But Plenty Of Clues, Expected At Jackson Hole