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The report, which is one of Federal Reserve Chair Janet Yellen's favorite economic reports, was expected to show job opening fell to 4.35 million compared to 4.455 million in April. The report also showed that job quits, seen as a sign of confidence
Richmond Federal Reserve President Jeffrey Lacker said on Tuesday he expects US economic growth to continue at a moderate pace, with inflation pressures remaining "well-behaved." But Lacker said that at some stage the economy will have improved
A trio of Federal Reserve officials who disagree deeply with one another over the appropriate stance of monetary policy on Friday expressed a shared distrust for using interest rates to head off asset bubbles and other forms of financial instability.
Richmond Federal Reserve Bank president Jeffrey Lacker argues in a new essay that the Fed should break its cycle of lending to financial institutions in a crisis to curb risky behavior in the future and prevent more bailouts. In the wake of the 2008
The mortgage market was starting to come apart on Aug. 16, 2007, when Federal Reserve policymakers gathered for an emergency videoconference. The worst of the financial crisis was more than a year away, but big problems were emerging. As the
In his new book, former Treasury Secretary Tim Geithner said the government would have fired Bank of America's management if the Charlotte bank had failed to raise private capital after its 2009 stress test and the government had taken a majority
A top U.S. central banker gave a relatively downbeat prediction of U.S. economic growth on Tuesday but nonetheless said he expects the Federal Reserve to continue cutting its monetary stimulus at upcoming policy meetings. Richmond Fed President
U.S. banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them, a top Federal Reserve is set to tell lawmakers on Tuesday. Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, is
More Information For nearly a decade, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has overseen a district that runs from Maryland to South Carolina during an economic boom, a banking crisis, a recession and now a tepid recovery.
The US government shutdown and other budget battles should not derail the Federal Reserve from beginning to pull back the pace of monetary stimulus soon, Richmond Fed President Jeffrey Lacker said. Although Lacker said he did not want to preempt the