White House Government Agencies

  • WASHINGTON, Sept 12- Republican presidential nominee Donald Trump said on Monday that U.S. Federal Reserve Chair Janet Yellen was keeping interest rates low because of political pressure from the Obama administration. "Well, it's staying at zero because she's obviously political and she's doing what Obama wants her to do," Trump told CNBC in a phone interview.

  • FEDERAL RESERVE KEEPING INTEREST RATES LOW BECAUSE OF POLITICAL PRESSURE FROM OBAMA ADMINISTRATION.

  • Taro and two of its senior officers received subpoenas last week in connection with a federal antitrust investigation into generic drug pricing.

  • LONDON, Sept 12- The safe-haven yen strengthened on Monday as investors sold stocks and riskier assets including commodities, but the dollar outperformed higher-yielding currencies on fresh talk of an interest rate hike by the Federal Reserve in the near term. The focus will be on Fed Governor Lael Brainard's speech later in the day. The dollar was 0.6 percent...

  • Neel Kashkari

    The best route to faster U.S. economic growth is through non-monetary policy approaches such as immigration and tax reform, a top Fed official argued.

  • The dollar rallied on Friday, hitting a one-week high of $1.3239 against sterling, as bets that U.S. rates will rise this year- perhaps as soon as this month- were revived by hawkish comments from Boston Fed President Eric Rosengren. The pound had been on a winning streak up until last Tuesday, hitting a seven-week high of $1.3445 that left it more than 5 percent up...

  • TOKYO, Sept 12- Japanese stocks posted their biggest decline in more than a month on Monday after comments by U.S. Federal Reserve officials sparked fears of a rate hike as soon as next week, weighing on shares and other risk assets globally. The Nikkei share average fell 1.7 percent to 16,672.92 points, its lowest closing level since Aug. 26.

  • *Asia stocks ex- Japan in steepest fall since Brexit. SYDNEY, Sept 12- Asian shares suffered their sharpest setback since June on Monday as investors were rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 2.4 percent,...

  • Sept 12- With the Federal Reserve powerless to do much more than it already is, the best route to faster U.S. economic growth is through non-monetary policy approaches such as immigration and tax reform, a top Fed official argued on Monday. In a 5,100- word essay released just after midnight, Minneapolis Federal Reserve Bank President Neel Kashkari noted that the...

  • TOKYO, Sept 12- Japanese stocks fell nearly 2 percent to two-week lows on Monday after comments by U.S. Investors were risk averse after Wall Street tumbled on Friday, with the S&P 500 seeing its worst day since June after Boston Fed President Eric Rosengren, a historically dovish policymaker, said the Fed faced increasing risks if it waited too much longer to...

  • *Nikkei futures point to starting loss of over 2 pct. SYDNEY, Sept 12- Asian shares slipped on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 percent and away from a 13- month peak.

  • TOKYO, Sept 12- The dollar began the week on the back foot on Monday as a bout of risk aversion underpinned the yen, though the U.S. currency garnered some support on renewed talk of a possible rate hike by the Federal Reserve as early as this month. The dollar was down 0.2 percent at 102.50 yen, while the euro slipped 0.1 percent to 115.21 yen. Fed governor Lael Brainard...

  • MONDAY, SEPTEMBER 12 ATLANTA- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the National Association for Business Economics 58th annual meeting- 1205 GMT. Speakers: Panama Finance Minister Dulcidio de la Guardia, International Monetary Fund Managing Director Christine Lagarde and...

  • *Nikkei futures point to starting loss of over 2 pct. SYDNEY, Sept 12- Asian shares looked set to skid on Monday with investors rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. No less than three Fed speakers are on the docket for Monday including board member and noted dove Lael...

  • WASHINGTON, Sept 11- Taro Pharmaceutical Industries Ltd and two of its senior officers received grand jury subpoenas last week in connection with a federal antitrust investigation into generic drug pricing, the company disclosed. The company, which is headquartered in Israel, said late on Friday it received subpoenas on Thursday from the U.S. Justice...

  • SATURDAY, SEPTEMBER 10 IRVING, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated Q&A before the Dallas Security Traders Association Convention- 0015 GMT. MONDAY, SEPTEMBER 12 ATLANTA- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the...

  • NEW YORK, Sept 9- A rare run of outperformance by U.S. bank shares appears to have hit a wall as a spate of soft readings on the economy have tempered bets that the Federal Reserve might raise rates soon. "Bank are increasing, and the possibility of a rate increase means they can reasonably be expected to be doing more business and making more money on it," said Brad...

  • *North Korea conducts fifth nuclear test. NEW YORK, Sept 9- U.S. stocks dropped on Friday, giving the S&P 500 its worst day since June as investor nervousness increased following a nuclear test by North Korea and Federal Reserve officials' comments lifted rate hike bets. Long-dated yields reached more than two-month highs, after reports suggested Japan is...

  • TORONTO, Sept 9- Canada's main stock index suffered its biggest loss since February on Friday, slumping to a five-week low as higher bond yields in major economies pressured global stock and commodity markets. Higher bond yields came after the European Central Bank on Thursday kept its policy stance unchanged and after comments by Federal Reserve officials...

  • NEW YORK, Sept 9- U.S. stocks dropped on Friday, giving the S&P 500 its worst day since June, as investors grew nervous following a nuclear test by North Korea and comments by Federal Reserve officials that hinted at a U.S. interest rate hike. The Dow Jones industrial average fell 394.46 points, or 2.13 percent, to 18,085.45, the S&P 500 lost 53.49 points, or 2.45 percent,...