Economy
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The Fed's second-in-command said spending and other efforts to boost productivity could help reduce the Fed's burden of supporting the economy. » Read More
By: Elizabeth Gurdus
President-elect Trump's policies could harm U.S. markets once enacted, investment guru Jack Bogle says. » Read More |
"The transition team of the president-elect has said that it wants to protect the independence of the Fed," James Bullard said. » Read More |
By: David Bogaty, owner of WorldNet and a member of the CNBC-YPO Chief Executive Network
Puerto Rico needs to embrace entrepreneurship to kick-start job creation. What one small-biz owner says will pave the way for change. » Read More |
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That's a slower growth rate than September's 0.2 percent increase.
George encouraged her fellow central bankers to avoid a situation where the Fed waited too long to hike and thus stoked fears in the market.
The Fed policymaker argued on Friday that the real question now is the Fed's rate path in 2017.
The head of the central bank also cites the dangers of waiting too long, which could result in the Fed having to move too quickly later.
Chances of a financial crisis repeat are still much too high, Neel Kashkari tells CNBC.
Fed Chair Janet Yellen says she wants to stick around, which means she'll do what Trump wants, says Jake Novak.
Forget all that talk about her leaving the Fed if Trump becomes president: The chair says she's not going anywhere.
Under Trump, the new Republican administration brings both promise for growth and uncertainty for investors, analyst Jack Caffrey says.
Groundbreaking jumped 25.5 percent to a seasonally adjusted annual pace of 1.32 million units, the Commerce Department said on Thursday.
Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 235,000, the lowest level since November 1973.
The U.S. Consumer Price Index rose 0.4 percent in October, matching estimates. This follows a 0.3 percent increase a month earlier.
The Philadelphia Fed president said the U.S. central bank might have to hike more aggressively if the Trump administration enacts a fiscal stimulus.
"You would have to have a surprise at this point," for the Fed not to increase rates, Bullard said.
One U.S interest rate increase may be enough to bring Fed's rates to a "neutral setting," one of the central bank's policymakers said.
Fed Governor Daniel Tarullo said on Tuesday added that the Fed need not change its policy path until it is clear how the economy responds.
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