White House Government Agencies

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  • NEW YORK, Oct 15- The dollar rose against a basket of currencies on Thursday as underlying domestic inflation strengthened more than expected in September, reviving some expectations the Federal Reserve would raise interest rates this year. Gloomy figures on regional manufacturing from the New York and Philadelphia Feds also kept a lid on the dollar's rise.

  • Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, New York Fed President William Dudley said on Thursday. Fed Chair Janet Yellen and other officials have said they expect a rate hike will be needed by the end of this year, but two Fed governors this...

  • The Department of Commerce, Department of Labor, Small Business Administration and the Appalachian Regional Commission combined resources to award their first grants to 36 projects. "These federal investments will provide critical leverage for local leaders to make things happen in Appalachian communities," said Earl Gohl, chair of the Appalachian...

  • White House: No plans to bail out Puerto Rico Thursday, 15 Oct 2015 | 1:56 PM ET

    WASHINGTON, Oct 15- The White House on Thursday said it has no plans to provide a financial bailout to Puerto Rico. White House spokesman Josh Earnest denied a media report that the U.S. Treasury Department is in talks with Puerto Rican officials to provide a bailout package to the debt-laden U.S. territory. "It is inaccurate to suggest that the Treasury Department...

  • Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, New York Fed President William Dudley said on Thursday. Fed Chair Janet Yellen and other officials have said they expect a rate hike by the end of this year, but two Fed governors this week urged...

  • Federal Reserve policymakers are not as divided as it may appear and are generally operating under the same framework for determining when to raise interest rates, New York Fed President William Dudley said on Thursday. "At the end of the day people are exaggerating" the divisions within the Fed, Dudley said in response to a question after a panel presentation in...

  • US CTO Megan Smith tackles the digital divide Thursday, 15 Oct 2015 | 12:21 PM ET
    U.S. Chief Technology Officer (CTO) Megan Smith.

    The United States' chief technology officer, Megan Smith, took the stage at one of the largest gatherings of women in technology.

  • WASHINGTON, Oct 15- New York Federal Reserve Bank President William Dudley said on Thursday he does not need to see an actual rise in inflation before agreeing to raise interest rates as long as labor markets continue to improve. Dudley said he is confident that falling unemployment will eventually lead to rising prices. "I see more pressure on resources," Dudley...

  • WASHINGTON, Oct 15- New York Federal Reserve Bank President William Dudley said on Thursday he would be prepared to raise interest rates in December if the U.S. economy performs in line with his forecast of continued moderate growth.

  • NEW YORK, Oct 15- The dollar rose against a basket of currencies on Thursday as underlying domestic inflation strengthened more than expected in September, reviving some expectations the Federal Reserve would raise interest rates this year. The rebound of the dollar index from a seven-week low set earlier on Thursday was limited by gloomy figures on regional...

  • WASHINGTON, Oct 15- The Federal Reserve must be clear about its plans for interest rate policy but should not be slave to mathematical formulas, New York Federal Reserve President William Dudley said on Thursday. For the Fed to effectively guide the economy, "households and businesses need to be able to anticipate how the Federal Reserve is likely to respond to...

  • WASHINGTON, Oct 15- The Federal Reserve is still expected to raise U.S. interest rates in December but signs the labor market may be in a soft patch have dented confidence the central bank will pull the trigger, according to a Reuters poll. But the poll of over 90 economists showed a 55 percent probability of a lift-off in the Fed's short-term interest rate at the Dec....

  • WASHINGTON, Oct 15- U.S. and Alaskan authorities have ended their efforts to seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez oil spill and the subsequent settlement, the Department of Justice said on Thursday. The department said in a statement that it is "bringing to a close the federal and state judicial actions" against the company and...

  • JAKARTA, Oct 15- Indonesia's central bank held its benchmark interest rate steady on Thursday as expected and said economic pressures were receding, indicating hope for room to ease policy in future. Bank Indonesia maintained its benchmark rate at 7.50 percent, where it has been since February. Also, it is widely assumed that whenever the Federal Reserve...

  • *Gold steadies after 4- day rally as dollar rises vs euro. LONDON, Oct 15- Gold steadied on Thursday as a recovery in the dollar pulled the metal from the previous session's 3-1/ 2 month high, but remained supported by expectations that the Federal Reserve will hold off raising interest rates this year. Gold, which benefits from low interest rates that cut the...

  • FRANKFURT, Oct 15- U.S. rate hikes could have greater global repercussions than in the past and affect the euro zone more in some respects than the domestic market, European Central Bank Vice President Vitor Constancio said on Thursday. The Fed skipped a chance to hike rates in September but policymakers have repeatedly said the United States is on course for a...

  • *Europe stocks track gains in Asia as U.S. rate hike bets wither. LONDON, Oct 15- The dollar fell to its lowest since August after a flurry of weak U.S. data and company results, while a two-month high for Asian indexes helped world shares bounce back in style from two days of losses. That was as European Central Bank policymaker Ewald Nowotny said it was "quite obvious...

  • SINGAPORE, Oct 15- Gold held near a 3-1/ 2- month high on Thursday as sluggish economic data from China and the United States stoked speculation the Federal Reserve will not raise rates this year. *Spot gold was little changed at $1,185 an ounce by 0022 GMT following a four-day rally. *Gold is a non-yielding asset and tends to benefit from ultra-low rates.

  • TOKYO, Oct 15- Asian shares rose on Thursday and the dollar struggled near multi-week lows after weak U.S. economic data added to expectations that the Federal Reserve will delay hiking interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. The index fell the previous day after soft consumer inflation in China added to...

  • DIARY-Top Economic Events to Oct 28 Wednesday, 14 Oct 2015 | 8:01 PM ET

    ST LOUIS- Federal Reserve Bank of St. Louis President James Bullard gives opening remarks before the 40th Annual Fall Policy Conference hosted by the Federal Reserve Bank of St. Louis- 1430 GMT. WASHINGTON- Federal Reserve Bank of New York President William Dudley participates in a conversation on "How the Federal Reserve should decide on the appropriate level...