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April 15, 2021

US Federal Reserve

Economy far from central bank’s goals but outlook brightening, Fed’s Mester says

Reuters
FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester speaks in London, Britain, July 2, 2019. REUTERS/Marc Jones/File Photo (Reuters) -The U.S. economy still has a long way to go to fully recover from the crisis caused by the coronavirus pandemic, which hit minorities and people with lower levels of......

Fed’s Harker says central bank will ‘hold steady’ for now

Reuters
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – The U.S. economy could grow by around 5% to 6% this year, buoyed by increased vaccinations and strong fiscal aid, but the Federal Reserve is not going to pull back......

NY Fed may make technical adjustment due to asset purchases, official says

Reuters
FILE PHOTO: The cornerstone for the Federal Reserve Bank of New York is pictured in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri (Reuters) – The Federal Reserve’s ongoing asset purchases are lifting bank reserves to new highs and contributing to a new......

Fed presses ahead on policy debate as economy takes off

Reuters
WASHINGTON (Reuters) – Last month’s U.S. Federal Reserve meeting showed policymakers were universally optimistic in their overall economic outlook, but divisions among them over how much longer to keep massive central bank support in place were on display Wednesday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured......

Morgan Stanley plans to raise dividend when Fed allows: letter

Reuters
FILE PHOTO: People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Morgan Stanley plans to increase the dividend it pays shareholders when restrictions are lifted by the Federal Reserve, according to......

Fed’s Kaplan says infrastructure spending is a ‘positive’

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir/File Photo (Reuters) – On the day the Biden Administration announced a $2 trillion 10-year spending plan to build roads and bridges among other capital projects, Dallas Federal......

‘Optimistic’ Fed policymakers see U.S. economy about to boom

Reuters
NEW YORK (Reuters) – Federal Reserve policymakers are optimistic about the U.S. economic outlook as more Americans are vaccinated and government aid gets to households and businesses, and they are not going to stand in its way. FILE PHOTO: John Williams, Chief Executive Officer of the Federal Reserve Bank of......

Fed’s Bostic says summer months could see millions rehired

Reuters
FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry//File Photo WASHINGTON (Reuters) – The coming summer could see millions of Americans rehired if......

Gen X emerging from pandemic with firmer grip on America’s wallet

Reuters
WASHINGTON (Reuters) – Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump during the Trump administration and through the coronavirus pandemic as they hit their prime earning years during a record bull market for stocks. FILE PHOTO: U.S. currency......

Fed’s Powell: Changes to Fed policy will be gradual, transparent – NPR

Reuters
FILE PHOTO: Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS WASHINGTON (Reuters) – Any changes to current Federal Reserve policy will come “gradually and with......

Fed’s Daly says expect a ‘dose of patience’ on rates

Reuters
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo (Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. central bank won’t be taking the “punchbowl” preemptively from the......

Fed’s Daly says expect a ‘dose of patience’ on interest rates

Reuters
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo (Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. central bank won’t be taking the “punch bowl” preemptively from......

NY Fed’s Williams says time frame for raising rates will be driven by economy

Reuters
FILE PHOTO: John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri (Reuters) – The timeline for when the Federal Reserve will start to raise rates will depend on what is happening with the......

Fed’s Bullard sees fast growth this year as pandemic nears end

Reuters
FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. REUTERS/Lucas Jackson/File Photo (Reuters) – St. Louis Federal Reserve President James Bullard on Tuesday predicted fast growth for the U.S. this year after a massive fiscal and monetary......

Bostic says inflation signal will be clearer after stimulus fades

Reuters
FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry WASHINGTON (Reuters) – The fiscal and monetary stimulus flowing through the economy now may......

Fed’s Quarles warns banks face intense regulatory scrutiny in move away from Libor

Reuters
FILE PHOTO: Financial Stability Board chair and Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, U.S., October 18, 2018. REUTERS/Brendan McDermid/File Photo WASHINGTON (Reuters) – Federal Reserve Vice Chair Randal Quarles warned on Monday that banks must accelerate efforts......

San Francisco Fed sets diversity goal for boards, councils

Reuters
SAN FRANCISCO (Reuters) – The San Francisco Federal Reserve Bank on Friday set a five-year goal for achieving diversity on its boards and advisory councils, whose members help shape the Fed’s understanding of the economy, and ultimately its policies. The Fed’s westernmost outpost, like all 12 regional Fed banks, has......

Explainer: What rising bond yields mean for markets

Reuters
By Kate Duguid, Karen Brettell NEW YORK (Reuters) – Yields on U.S. Treasuries have surged to their highest level in more than a year from record lows hit in 2020, as Federal Reserve commitments to hold rates near zero for years to come encouraged investors to bet economic growth and......

U.S. Fed to let leverage exemption expire on March 31, will review rule

Reuters
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/ WASHINGTON (Reuters) – The U.S. Federal Reserve will let a temporary bank leverage rule exemption expire on March 31, but it will review the rule due to concerns it is no longer functioning......

Investors pour record money into equities even as bond yields rise: BofA

Reuters
LONDON (Reuters) – Investors put a record $68.3 billion into equity funds in the week to March 17, even as a spike in government bond yields sent the high-flying Nasdaq index reeling, BofA data showed on Friday. U.S. equity funds sucked in $53 billion as ultra-easy monetary policy continued to......

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