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Jim Bullard also blames this year's market turmoil to traders factoring in all at once projections for four rate hikes in 2016.
The move by Tim Leissner had been widely tipped after he moved to Los Angeles at the end of 2015, The Financial Times reports.
A top Federal Reserve official has reiterated his opposition to further interest rate hikes given that U.S. inflation expectations have fallen.
JPMorgan already revealed its latest energy loan loss reserves. Some think other Wall Street banks will follow before earnings are announced in April.
Deutsche Bank's Joe LaVorgna, who for years held a bullish view, believes growth is slowing. For the full year he sees GDP rising just 1.2 percent.
The longtime Fed critic and libertarian champion advocates a return to a system where "the markets are important for setting prices."
These bank stocks have taken a real beating year-to-date, but UBS's Kiran Ganesh says investors should take a second look.
Central banks are guaranteed to fail miserably in their effort to produce viable growth through inflation, says Michael Pento.
Some of the names on the move ahead of the open.
Richmond Fed President Jeffrey Lacker said on Wednesday he saw no evidence in economic data that a recession was imminent for the United States.
MasterCard customers will soon be able to replace their passwords with a “selfie” and a fingerprints to verify their identity.
Standard Chartered is considering clawing back bonuses, its chief executive said after reporting its first annual loss, the Financial Times reports.
Federal Reserve Vice Chair Stanley Fischer said the Fed simply did not know what course of action it would take at its next meeting, due three weeks from now.
Commodities are signaling a bottom and the Dow transports are pointing toward the Dow Theory, according to this expert.
Oil is a big wildcard, and without stability we will have no peace in the markets.
A simple but elusive strategy has been beating the market this year: Just own what the hedge funds don't.
A guide to Wall Street’s favorite restaurants: Where do they take their mistress? their wife? their clients? Turney Duff has the lowdown.
JPMorgan Chase is adding another layer in its capital buffer against energy, metals and mining loan losses, setting aside $600 million for losses.
Home Depot's latest quarterly results have competitors in awe, CNBC's Jim Cramer says.
Consumers are optimistic, but investors are worried and CEOs are pessimistic. Could this "trifurcation" lead to economic recession, asks Bart van Ark.