By Joseph Lawler | 03/27/14 11:44 AM
The U.S. economy grew at a 2.6-percent annual rate in the fourth quarter of 2013, the Bureau of Economic Analysis reported in its third and final estimate of real gross domestic product Friday. The BEA had initially estimated that growth was 3.2 percent, but that was revised down to 2.4...
03/26/14 07:30 PM
WASHINGTON (AP) — The Federal Reserve on Wednesday barred Citigroup from raising its dividend or boosting its stock buybacks, saying it's too hard to predict how some parts of the bank's global operation would fare in a sharp economic downturn. It was a setback for Citigroup Inc., one of the...
By Joseph Lawler | 03/25/14 04:20 PM
The Federal Reserve Bank of New York issued a study Tuesday concluding that the largest U.S. banks are perceived by investors to enjoy an implicit guarantee from the government, and another report finding that the biggest banks engage in riskier activities. The question of whether the largest...
By Associated Press | 03/24/14 08:01 AM
With the pace of U.S. economic growth seen speeding up later this year and next, many business economists expect the Federal Reserve to end its bond purchases this fall or even earlier.
By Joseph Lawler | 03/24/14 07:57 AM
Last week, Federal Reserve Chairwoman Janet Yellen briefly threw off markets with an offhanded remark following the Fed's monetary policy announcement that the first interest rate hikes in more than five years would likely come roughly six months after the Fed's monthly asset purchases have been...
By Joseph Lawler | 03/20/14 05:27 PM
U.S. megabanks are better poised now to survive a crisis than they were in 2008, the Federal Reserve announced Thursday, despite the fact that they would suffer massive losses in another panic. The Fed announced the results of the stress tests it conducts as required by the Dodd-Frank...
By Joseph Lawler | 03/20/14 01:39 PM
On Wednesday, the Federal Reserve announced that it was discontinuing its 6.5 percent unemployment rate threshold for considering raising short-term interest rates above zero percent. Instead of the unemployment rate, the Janet Yellen-led Fed said that it would “assess progress” toward...
By Joseph Lawler | 03/19/14 05:46 PM
Janet Yellen sounded "hawkish" -- more inclined to raise rates and avoid inflation -- in her first press appearance as chairwoman of the Federal Reserve Wednesday. Or, at least, that was what investors took away from her comments. Stock markets fell after the Fed released its statement of...
By Martin Crutsinger | 03/19/14 08:55 AM
Investors will be watching closely Wednesday for any hints of how a Janet Yellen-led Federal Reserve might differ from the path set by her predecessor, Ben Bernanke.
By Joseph Lawler | 03/18/14 09:21 AM
Inflation slowed to just 1.1 percent annually in February, according to the Consumer Price Index published Tuesday morning by the Bureau of Labor Statistics. Core inflation, which factors out increases in food and energy prices and is generally less volatile, was higher, at 1.6 percent....
By Richard Pollock | 03/18/14 05:18 AM
The CFPB balance sheet, published last week by the Fed's board of governors, may do little to quash concerns of critics and some in Congress that the agency needs tighter controls on its spending and additional oversight by those on Capitol Hill.
By Joseph Lawler | 03/17/14 07:09 AM
The key question regarding the first monetary policy meeting of the Federal Reserve System in the Janet Yellen era on Tuesday and Wednesday is whether the central bank will change its guidance about zero interest rates, and how.
By Joseph Lawler | 03/13/14 01:03 PM
Stanley Fischer, candidate for vice chairman of the Federal Reserve, appeared to have relatively strong support at his confirmation hearing. But he did face a series of tough questions from Sen. Warren relating to his three years working for Citigroup in the early 2000s.
By Byron York | 04/23/14
By Washington Examiner | 04/23/14
By Byron York | 04/22/14
By Paul Bedard | 04/24/14
By Paul Bedard | 04/24/14