The Federal Reserve’s chief attorney said a two-year delay in identifying recipients of emergency loans from the central bank is appropriate and that a shorter lag may harm the financial system and U.S. economy.
BusinessWeek.com — Finance
Federal Reserve Bank of New York President William Dudley said the central bank is falling short of its goals because of the modest pace of the recovery, with unemployment too high and headline inflation likely to ease.
BusinessWeek.com — Finance
Federal Reserve Bank of St. Louis President James Bullard said the European sovereign-debt crisis has surpassed rising oil prices to become the biggest risk to the economic outlook in the U.S.
BusinessWeek.com — Finance
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said it would be “desirable” to lift the target for the benchmark U.S. interest rate by a “modest amount” this year, based on his inflation forecast.
BusinessWeek.com — Finance
Federal Reserve Bank of Boston President Eric Rosengren said the economy isn’t growing fast enough to achieve the central bank’s goals of full employment and stable prices, and that “nothing’s off the table” if the outlook deteriorates.
BusinessWeek.com — Finance
Federal Reserve Bank of San Francisco President John C. Williams said a period of high inflation is “very unlikely” because rising commodity prices spurred by global demand aren’t likely to keep climbing.
BusinessWeek.com — Finance
U.S. stocks rallied this week, sending the Standard & Poor’s 500 Index to the highest level since June 2008, as earnings grew more than forecast and the Federal Reserve renewed its pledge to stimulate the economy.
BusinessWeek.com — Finance
Federal Reserve Governor Elizabeth Duke said small businesses are growing more optimistic as credit conditions and the outlook for sales improve.
BusinessWeek.com — Small Business
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