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Central Bank

A collection of news and information related to Central Bank published by this site and its partners.

Top Central Bank Articles

Displaying items 67-77
  • Bank of England to keep stimulus until unemployment drops to 7%

    Bank of England to keep stimulus until unemployment drops to 7%
    WASHINGTON -- The Bank of England on Wednesday said it would maintain its stimulus program until the unemployment rate falls to 7%, following the same strategy as the U.S. Federal Reserve in providing an explicit target for when it would raise interest...
  • Who's the odds favorite to be next Fed chair?

    An unusual but fierce campaign over who President Obama should appoint as the next Federal Reserve chair has had Washington in a tizzy as of late. Will it be former Treasury Secretary Larry H. Summers or Fed Vice Chair Janet L. Yellen? One Irish...
  • Measure of jobless claims drops to lowest level since 2007

    Measure of jobless claims drops to lowest level since 2007
    WASHINGTON -- Initial jobless claims rose slightly last week to 333,000 but the average over the past month dropped to its lowest level since 2007, the Labor Department said Thursday. The number of people filing for first-time unemployment benefits in...
  • Cleveland Fed head to step down, adding to central bank turnover

    Cleveland Fed head to step down, adding to central bank turnover
    WASHINGTON -- The president of the Federal Reserve Bank of Cleveland, Sandra Pianalto, will step down early next year, creating another vacancy among central bank policymakers as they grapple with reducing their stimulus efforts. The head of the...
  • Obama hedges on next Fed chief

    WASHINGTON — President Obama praised Lawrence H. Summers and Janet L. Yellen as "highly qualified" to be the next Federal Reserve chief, but said he had a "range of outstanding candidates" and reiterated that he would not make a decision until the...
  • Stocks drop sharply on Fed stimulus fears

    NEW YORK — Encouraging signs for the labor market caused alarm on Wall Street as investors sped up a broad sell-off, fueled by worries the Federal Reserve will soon scale back its stimulus. Major U.S. indexes closed sharply lower Thursday as yet...
  • Victor "Vic" Turyn, Md. quarterback

    Victor "Vic" Turyn, Md. quarterback
    Victor "Vic" Turyn, a retired Federal Bureau of Investigation and Federal Reserve Bank of Richmond official who had been an outstanding quarterback at College Park in the late 1940s, died Aug. 11 of heart failure at his Ellicott City home. He was 91....
  • Pimco's El-Erian sees no Fed interest rate rise until at least 2016

    Pimco's El-Erian sees no Fed interest rate rise until at least 2016
    WASHINGTON -- The Federal Reserve could start reducing its bond-buying program next month, but won't raise its near-zero short-term interest rate until at least 2016 -- a year later than current central bank projections suggest, Pimco Chief Executive...
  • Fed preparing to scale back stimulus, minutes suggest

    WASHINGTON — Analysts are widely expecting the Federal Reserve to dial back its bond-buying stimulus program next month. So are bond investors and emerging markets. And it looks as if the Fed is too. Although such action is not a sure thing, the...
  • Fed's Lockhart says he would back easing stimulus in September

    Fed's Lockhart says he would back easing stimulus in September
    WASHINGTON -- A top Federal Reserve official said Friday that he would support a reduction in the central bank's stimulus efforts in September if economic data continue to show the recovery proceeding at a moderate pace. Dennis Lockhart, president of...
  • Fed and other central banks urged to weigh impact of cuts

    As the Federal Reserve weighs an imminent cut in its extraordinary economic stimulus, many outside the United States are pleading with the Fed: "Would you consider the impact on us too?" That essentially was the message Friday from the head of the...