White House Government Agencies

  • JACKSON HOLE, Wyo., Aug 27- The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday. In his paper, economist Ricardo Reis put forward a new way for the Fed to pay banks returns on the money they keep at the central bank, a tool...

  • Federal Reserve should scrap a plan to shrink its massive bond holdings and instead keep them "indefinitely" as a new and little-recognized tool to protect against financial shocks, according to research presented on Saturday to some of the world's top central bankers. Former Fed Governor Jeremy Stein and two colleagues at Harvard University concluded in a...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

  • CHICAGO/ TAMPA, Fla., Aug 26- The U.S. Food and Drug Administration recommended on Friday that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The agency said its decision to expand blood screening in the United States was based on concerns about more cases...

  • TORONTO, Aug 26- Canada's main stock index edged higher in a seesaw session on Friday, led by financial and industrial stocks as investors raised bets for U.S. interest rate hikes this year after a speech by Federal Reserve Chair Janet Yellen. For the week, the Toronto Stock Exchange's S&P/TSX composite index fell 0.3 percent. Much of the fluctuation in the index on...

  • NEW YORK— Stocks ended on a weak note Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market. Phone companies and utilities, which would suffer if interest rates rose and investors looked elsewhere for income, fell more than the rest of the...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • JACKSON HOLE, Wyo., Aug 26- The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bank and other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate increase had grown stronger, while Fed Vice...

  • NEW YORK, Aug 26- U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had strengthened but did not...

  • NEW YORK, Aug 26- U.S. stocks ended mostly lower in a volatile session on Friday, bouncing between gains and losses as investors wrestled with the possible timing of a U.S. interest rate hike following comments from Federal Reserve officials, including Chair Janet Yellen. The Dow Jones industrial average fell 53.01 points, or 0.29 percent, to 18,395.4, the S&P 500...

  • CHICAGO, Aug 26- The U.S. Food and Drug Administration recommended on Friday that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The agency said its move to expand blood screening in the United States was based on concerns about increasing cases of local...

  • ROCHESTER, Minn., Aug 26- Bumper corn and soybean crops are expected in the United States this fall but the harvests will likely fall short of records projected by the U.S. government, according to estimates released on Friday from farm advisory service Pro Farmer at the end of its annual Midwest crop tour. The tour sampled fields in South Dakota, Nebraska, Iowa,...

  • NEW YORK/ LONDON, Aug 26- Gold pared gains on Friday, while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials. Spot gold rallied 1.5 percent to $1,341.60 an ounce and the U.S. dollar index fell 0.6 percent after Yellen...

  • NEW YORK, Aug 26- The dollar rallied to a two-week high against the yen and Swiss Franc on Friday in volatile trading as investors focused on Federal Reserve Chair Janet Yellen's comments on an improving U.S. economy that bolstered the case for an interest rate increase. The dollar, however, then rose as traders re-assessed her words and took into account hawkish...

  • NEW YORK, Aug 26- The dollar rallied to a two-week high against the yen and Swiss Franc on Friday in volatile trading as investors focused on Federal Reserve Chair Janet Yellen's comments on an improving U.S. economy that bolstered the case for an interest rate increase. The dollar, however, then rose as traders re-assessed her words and took into account hawkish...

  • NEW YORK, Aug 26- U.S. Treasury yields rose to more than one-month highs on Friday as investors considered whether the Federal Reserve is likely to raise interest rates at its September meeting, after hawkish but noncommittal comments Speaking at the annual gathering of central bankers in Jackson Hole, Wyoming, Yellen said the case for a U.S. interest rate...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • WASHINGTON, Aug 26- For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed policymaker and other...

  • Aug 26- Pro Farmer, a farm advisory service, on Friday predicted that U.S. average corn yields in 2016 will be 170.2 bushels per acre, or enough to produce a record-large 14.728 billion-bushel crop. The figures compare with the U.S. Agriculture Department's latest forecast of 15.153 billion bushels on a yield of 175.1 bushels per acre. USDA earlier this month...

  • NEW YORK, Aug 26- U.S. stocks were lower in a choppy session on Friday, with stocks bouncing between gains and losses as investors grappled with the possible timing of a U.S. interest rate hike after comments from Federal Reserve officials, including Chair Janet Yellen. The S&P 500 rose as much as 0.7 percent in the wake of a speech by Yellen in Jackson Hole, Wyoming...