White House Government Agencies

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  • NEWARK, Del., Feb 16- The Federal Reserve may be wise to await more evidence of higher U.S. inflation before raising interest rates for a second time, a new Fed official said on Tuesday, urging, at least temporarily, a "conservative" approach to setting policy. Patrick Harker, who became president of the Philadelphia Fed in mid-2015 but had since kept his views fairly...

  • Feb 16- The U.S. Food and Drug Administration has expanded the use of Gilead Sciences Inc's blockbuster drug Harvoni to some hepatitis C patients in the advanced stage of cirrhosis, including those who have undergone liver transplant. AbbVie Inc had identified cases of hepatic decompensation and liver failure in patients with liver cirrhosis who were taking...

  • Attorney General Loretta Lynch

    A Supreme Court analyst thinks Attorney General Loretta Lynch is the "likely candidate" to replace the late Justice Antonin Scalia.

  • BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • January retail sales number suggests U.S. economic strength. NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy. On Friday, the dollar rose 0.75 percent to 113.26...

  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday. Gas futures averaged $2.06 during the five trading days ended Feb. 9, compared with $2.17 during the prior week ended Feb. 2. Looking forward, gas futures are higher, fetching...

  • WASHINGTON, Feb 12- A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen said this week it was still too soon for the central bank to change its view that rate hikes are needed, a position supported by a still-robust pace...

  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday.

  • London, Feb 12- Copper gained on Friday along with oil and shares after upbeat U.S. data offered hope of a rebound in economic growth, but metals investors were on edge ahead of the reopening of Chinese markets next week. Federal Reserve raising interest rates despite signs of an economic slowdown in the United States. However, Fed Chair Janet Yellen on Thursday...

  • NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility of the Federal Reserve continuing to raise interest rates this year. Retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent last month, according to a...

  • NEW YORK, Feb 12- The dollar rose against a basket of major currencies on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, backing the possibility of the Federal Reserve continuing to raise interest rates this year. "The print is suggestive of the idea that Janet Yellen is right and most of the is right in not being overly...

  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.

  • CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year, as grain and livestock prices remain stubbornly low, according to reports from Federal Reserve Banks on Thursday. Access to such credit tightened in the fourth quarter, and is expected to continue to be squeezed in...

  • NEW YORK, Feb 11- Jeffrey Gundlach, the co-founder and chief executive officer of DoubleLine Capital, said on Thursday that gold prices are likely to reach $1400 an ounce as investors lose faith in central banks. Federal Reserve Chair Janet Yellen suggested the U.S. central bank could turn to negative interest rates in an economic downturn despite legal and...

  • *Deep skepticism that U.S. rate hikes will happen in 2016. WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. As she did at a House of Representatives panel on...

  • NEW YORK, Feb 11- BlackRock Inc's chief strategist for fixed income said on Thursday his unit is shifting its approach to bond markets on new expectations that the U.S. Federal Reserve may need to loosen monetary policy. The strategist, Jeffrey Rosenberg, said upward pressures on the U.S. dollar are being relieved by reduced expectations the Fed will normalize...

  • A measure offered by Representative Peter DeFazio, top Democrat on the House Transportation and Infrastructure Committee, sought to protect the Federal Aviation Administration from funding disruptions and to address other issues that Republicans view as reasons for transferring air traffic control from the FAA to a new private, nonprofit corporation.

  • WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Capitol Hill with a brave face on Thursday amid a worsening meltdown on global stock markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. Yellen, testifying before the Senate Banking Committee, stressed the bright spots in the U.S....

  • *Boeing slumps on report of SEC probe. Feb 11- Wall Street was off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores. Federal Reserve Chair Janet Yellen stuck to her guns on her return to Capitol Hill on Thursday, saying a weakened...

  • CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year as grain and livestock prices remain stubbornly low, according to a quarterly farm economy report from the Federal Reserve Banks of St. Louis and Kansas City. The Federal Reserve Bank of St. Louis's region covers...