Finance

U.S. bank lobby economist predicts global rate cut coming this Wednesday

Editorial Bureau March 2, 2020

WASHINGTON- Investors battered by the breathtaking drop in global stock markets on coronavirus fears are ever more convinced the world’s big central banks, including the Federal Reserve, will soon step in to try to quell the storm. Against that, the top economist for the U.S. bank lobby

Finance

Lofty stocks, hefty debt sow seeds of worry for some at Fed

Editorial Bureau February 20, 2020

Rock-bottom corporate bond yields, high levels of business debt and one of the fastest expansions of stock market valuations on record are worrying some Federal Reserve officials who fret such financial imbalances could aggravate any negative shocks to the U.S. economy. While agreeing that overall financial vulnerabilities were modest, minutes of the Fed’s latest

Finance

U.S. economy on track so Trump renews Fed gripes

Editorial Bureau January 16, 2020

SAN RAMON, Calif./NEW YORK- U.S. central bankers on Wednesday expressed confidence they have borrowing costs at the right level to sustain growth and lift inflation to healthier levels, despite what businesses say is a lingering drag from uncertainty over U.S. trade policy. But even during the signing ceremony for a trade deal with China that […]

USA

Kashkari: Fed’s on hold but next move may be rate cut

Editorial Bureau January 11, 2020

MINNEAPOLIS- U.S. monetary policy is in a holding pattern for now, but the Federal Reserve’s next move may well be to cut interest rates given signs the economy may be weakening, Minneapolis Federal Reserve Bank chief Neel Kashkari told Reuters on Friday. “The fact that job growth appears to be more muted and wage growth […]

USA

Fed has ample clout to fight downturn if toolkit used properly, says Bernanke

Editorial Bureau January 5, 2020

SAN DIEGO- The U.S. Federal Reserve still has enough clout to fight a future downturn, but policymakers should state in advance the mix of policies and policy promises they plan to use to get the most bang for their buck, former Fed chief Ben Bernanke said on Saturday. In an address to the American Economics […]

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