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Time for Fed to accept that US growth not what it used to be?...Year after year Federal Reserve policymakers have clung to a belief that the US economy will soon regain its pre-recession stride...Now a growing number of economists and at least one
Louis Fed President James Bullard said the central bank need not rush because inflation remains low, while Fed Board Governor Jerome Powell said the tapering timing "is necessarily uncertain, as it depends on the evolution of the economy, Reuters
U.S. stock market futures pointed to a firmer open for Wall Street on Monday, but investors remained wary ahead of key employment figures due later in the week that could be a deciding factor for when the Federal Reserve decides to taper its bond-
It's election season and a lot of candidates are decrying dysfunction downtown, pledging to be the person to warm relations between the mayor and the City Council or bridge divides between the School Department and other parts of municipal government.
For the second straight week , we have a schedule chock-full of Federal Reserve speeches. "There's a lot to potentially move markets in this calendar, from a saloonful of Fed speakers through the week-ending payroll stuff," says UBS economist Art
S&P 500 Index advancing 1.3%, and the Nasdaq Composite Index ahead 1.4%. Both the Dow industrials and the S&P 500 closed at their all-time highs Wednesday after the Fed scrapped plans to taper in September...It's that very uncertainty over how
The good news may be bad news for the Federal Reserve as it considers when to begin scaling back its stimulus. While unemployment dropped last month to 7.3 percent, the lowest level since December 2008, the decline occurred because of contraction in
Federal Reserve Board Chairman Ben Bernanke testifies before the Joint Economic Committee in Washington May 22, 2013...Federal Reserve 's 19 policy makers when they meet in Washington this week. Since the height of the financial crisis in 2008, the U.
Rosengren, at the Economic Club of Minnesota, walked a ballroom full of people through to a short history of the Fed's large scale asset purchase program, with purchases of mortgage-backed and other securities still chunking away at a rate of $85
Global central bank bond-buying efforts were warranted and helped stabilize the financial system, but they may need to be wound down as long as the economy is able to grow moderately, the International Monetary Fund said Thursday. The study, coming