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Central Bank

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Top Central Bank Articles

Displaying items 67-77
  • Fed's Fisher says stimulus tapering should begin this fall

    Fed's Fisher says stimulus tapering should begin this fall
    WASHINGTON -- Federal Reserve policymakers must “gird our loins” to start tapering the central bank’s bond-buying program this fall after the drop in the unemployment rate to 7.4%, a top official said Monday. Richard Fisher,...
  • Pimco's El-Erian says fight over next Fed chair could hurt economy

    Pimco's El-Erian says fight over next Fed chair could hurt economy
    WASHINGTON -- The heated public debate over who should be the next head of the Federal Reserve risks hurting the nation's economy and President Obama should make a decision soon to end the "circus-like atmosphere," said Pimco chief executive Mohamed El-...
  • 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...
  • Reports: RBS To Slash U.S. Mortgage Business, Cut Jobs In Stamford

    Royal Bank of Scotland has become the latest overseas bank to shrink its business in the United States after announcing it would cut its mortgage trading business by two-thirds, the Financial Times reported. The British bank will eliminate hundreds of...
  • Bernanke to write book about Fed's handling of Great Recession

    Bernanke to write book about Fed's handling of Great Recession
    Former Federal Reserve Chairman Ben S. Bernanke first gained prominence writing about the Great Depression. Now he plans a memoir to defend how he and other officials battled the biggest crisis and economic downturn since then. “I'd like to be...
  • U.S. suspends trade, investment talks with Russia over Ukraine

    U.S. suspends trade, investment talks with Russia over Ukraine
    (Reuters) - The United States has put trade and investment talks with Russia on hold as a rebuke for Russia's incursion into Ukraine, a U.S. official said on Monday. "We have suspended upcoming bilateral trade and investment engagement with the...
  • Bernanke says Fed could have been more aggressive in fighting crisis

    Bernanke says Fed could have been more aggressive in fighting crisis
    Although the Federal Reserve has been criticized for its unprecedented efforts to fight the 2008 financial crisis, former Fed chief Ben S. Bernanke said Tuesday the central bank could have done more. "Although we have been very aggressive, I think on...
  • Fed district chief expects central bank's stimulus cuts to continue

    Fed district chief expects central bank's stimulus cuts to continue
    WASHINGTON — Brutal winter weather contributed to a downturn in job growth and other economic data, raising questions about the strength of the recovery and testing the Federal Reserve's resolve in unwinding its key bond-buying stimulus program....
  • Transcripts detail Fed's struggles amid 2008 financial crisis

    Transcripts detail Fed's struggles amid 2008 financial crisis
    WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead. What was clear to them as they gathered for a regularly scheduled...
  • Fed's Lacker predicts more stimulus cutbacks despite modest growth

    Fed's Lacker predicts more stimulus cutbacks despite modest growth
    A top Federal Reserve official expects the central bank to continue reducing a key stimulus program even though he sees more modest growth this year than many analysts have projected. Jeffrey Lacker, president of the Federal Reserve Bank of Richmond,...