The Fed Ben Bernanke

  • WASHINGTON— Janet Yellen's Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others. The 7-3 vote reflected "no" votes from the presidents of three regional Fed banks— Esther George of Kansas City, Loretta Mester of Cleveland and Eric Rosengren of Boston.

  • WASHINGTON— Donald Trump's "Penny Plan" sounds like a painless pinprick in the federal budget— a 1 percent annual cut in a chunk of government spending, adding up to huge savings. In his economic speech Wednesday in New York, Trump said the plan would save $1 trillion over a decade. Military spending, Social Security, Medicare, Medicaid and veterans programs would be...

  • WASHINGTON— Donald Trump's prediction that 25 million jobs would be created by his economic plan in a decade isn't nearly as bold as it might sound. Jobs have already been growing at that rate and Trump's goal is actually a bit less ambitious than what happened under President Barack Obama in the last few years. The nonpartisan Congressional Budget Office...

  • LONDON, Sept 15- Fears that the era of super-charged central bank stimulus could soon end have sent tremors through global bond and stock markets, but the spike higher in borrowing costs may yet offer the financial system a crumb of comfort: steeper yield curves. The gap between two-year and 10- year government bond yields has widened recently, with Japan's curve...

  • Ben Bernanke

    Of all the options the Fed has to stimulate the economy, going to negative interest rates may not be as drastic as it seems, the former Fed chairman says.

  • LONDON, Sept 9- Investors rekindled their love affair with emerging markets this year, pouring billions of dollars into their stocks and bonds, but the prospect of the Federal Reserve raising U.S. interest rates threatens to cool the relationship once again. Recent history suggests the smallest increase- or even a whiff of an increase- can be unnerving for...

  • WASHINGTON, Sept 2- Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic "raises the interest rate risk issue that we are very focused on," Martin Gruenberg, chairman of the Federal...

  • WASHINGTON, Sept 2- Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic "raises the interest rate risk issue that we are very focused on," Martin Gruenberg, chairman of the Federal...

  • *Wall Street recovers after lower open. NEW YORK, Aug 25- Slumping healthcare stocks pulled European markets lower on Thursday after White House candidate Hillary Clinton demanded price cuts on a successful drug, while many investors awaited headlines from a big gathering of central bankers. London's FTSE closed 0.28 percent lower.

  • *Wall Street to open lower, durable goods, jobless data ahead. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.4 percent and Frankfurt and Paris lost as much as 1.2 percent in a region-wide slide. Stubbornly low oil prices and warnings about steel demand kept the pressure on miners in Europe,...

  • *China property stocks down 2 pct; selling pressure in financials. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.8 percent and Frankfurt and Paris lost 1.2 percent. "The recapitalisation of CGD is likely to have implications for Portugal's budget, but all in all it is positive," said DZ Bank...

  • *Focus on Jackson Hole, China demand. LONDON, Aug 23- Copper prices slipped to six-week lows on Tuesday as the market fretted about the timing of U.S. interest rate rises, dollar direction and strength of demand in top consumer China. "Probably the most important thing is economic news from countries like China, which tells us what demand is doing."

  • *BOJ trade shows Japan effectively monetising debt. TOKYO, Aug 19- The Bank of Japan says there is no possibility of helicopter money, and by a strict definition they are correct. In a sense, it has the same effect of helicopter money, "said Etsuro Honda, a former special adviser to the cabinet and a close associate to Prime Minister Shinzo Abe.

  • The phrase "lower for longer" is working its way into replacing the wordplay incrementalism that has marked Fed policy statements and speeches.

  • Chastened over their forecasting errors, Federal Reserve officials will be less likely to tip their hands.

  • Aug 9- Federal Reserve data dependency isn't what it used to be. Former Fed Chair Ben Bernanke points out that the U.S. central bank's own forecasts for key indicators like long-term growth, inflation and interest rates have moved downward in a steady and now accelerating fashion in recent years. "It has not been lost on Fed policymakers that the world looks...

  • TOKYO, July 31- The Bank of Japan's review of its monetary stimulus programme promised for September has revived expectations it could adopt some form of "helicopter money", printing money for government spending to spur inflation. With little to show for three years of massive monetary easing, economists say BOJ governor Haruhiko Kuroda's "comprehensive...

  • *Cash impact of two schemes might be comparable. LONDON, July 27- Central banks might inject no more cash into economies by dropping money from aircraft-- whether real or imaginary-- than via well-worn QE schemes, but in breaking a long-standing taboo they may do far more damage to currencies. After decades of zero interest rates and quantitative easing-style asset...

  • Bank of Japan

    The Pain Report's Jonathan Pain expects the BOJ to increase purchases of equity ETFs, but not cut interest rates further.

  • TOKYO, July 21- Investors betting the Bank of Japan will ease monetary policy next week could be riding for a fall, as the yen's recent weakening and a government spending package take some pressure off the bank to step up its massive stimulus programme. Market speculation of further easing spiked last week after visiting former Federal Reserve Chairman Ben...