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Federal Reserve

Federal Reserve
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  • Pimco still sees longer-term value in Russian bonds - paper

    The world's biggest bond investor Pacific Investment Management Co (Pimco) sees the economic crisis in Russia having only a limited impact on the financial system in the longer run, investment chief Dan Ivascyn told a German newspaper.
  • Weak growth continues to hammer Illinois economy

     Weak growth continues to hammer Illinois economy
    Illinois hasn't escaped the clutches of the Great Recession. Since the end of the recession more than five years ago, the state's economic performance has been disappointing. In particular the labor market has improved quite slowly, despite increased...

    Fed should have signaled rate hikes could come sooner: Plosser

    The Federal Reserve should have left itself more flexibility to raise interest rates sooner should the U.S. economy continue to improve, a top U.S. central banker said on Friday. Instead, the Fed left its rates guidance intact, a decision that "strongly...

    Fed's Lacker says he supported 'patient' change on guidance

    A top Federal Reserve official said on Friday that he supported the central bank's addition of the word "patient" to describe its interest rate guidance in its policy statement this week. "I support the characterization that we can be patient,"...

    U.S. labor market weaker than jobless rate shows: Fed study

    The U.S. labor market may have more slack than the rapid decline in the unemployment rate suggests, according to a study published Friday by the Federal Reserve Bank of Chicago, pointing to the need for continued easy-money policies. The U.S. jobless...