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...
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...
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...
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...
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...
The Federal Reserve Board of San Francisco released a report that sought to answer whether or not it is still worth going to college. The report’s conclusion is, yes, going to college is still worth it. The report said there is an $830,000 difference between getting a college education over...
Asia Confidential has received a lot of feedback on our view of the relative attractiveness of Chinese and South Korean stocks in both Asian and international contexts. Some of the feedback has suggested that the risks with these markets are too great to make them investible at this juncture. Risk...
The prevailing trend in U.S. stocks could be higher next week if investor anxiety eases over the crisis in Ukraine and signs of weakness in the U.S. economy. Investors will watch for further signs that poor weather may have played a role in recent weak economic data and dampening profit...
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