White House Government Agencies

  • Neel Kashkari, Minneapolis Federal Reserve

    The Fed should not be in any hurry to raise rates because inflation is low and the economy is still short of full employment, a top Fed official said.

  • SYDNEY, July 13- The sharp rebound in U.S. job growth last month eased concerns that the country's labor market had regressed, a top Federal Reserve official said on Wednesday, repeating she continues to expect gradual interest rate rises. Cleveland Fed President Loretta Mester, speaking in Sydney, largely repeated a July 1 speech in London in which she said it was...

  • HOUSTON- Federal Reserve Bank of Dallas President Robert Kaplan speaks on "The U.S. and World Economy Today" before a moderated question-and-answer session hosted by the World Affairs Council of Greater Houston- 1300 GMT. LONDON- Economists for Brexit Press Conference: Ensuring that "Brexit means Brexit", avoiding "EU Lite" and creating a launch pad for a stable,...

  • MARQUETTE, Mich., July 12- The Federal Reserve should not be in any hurry to raise U.S. interest rates because inflation is so low and the economy is still short of full employment, a top Fed official said on Tuesday. "We feel like we can be patient to let the economy continue to heal before we start moving aggressively to raise rates," Minneapolis Fed President Neel...

  • MARQUETTE, Mich., July 12- The Federal Reserve is coming up short on both its employment and inflation goals, and can be patient in raising interest rates as it seeks to allow more people who want jobs or more working hours to get them, a top Fed official said on Tuesday. "We should take our time when we go ahead and start raising rates again," Minneapolis Fed President Neel...

  • MARQUETTE, Mich., July 12- The Federal Reserve is coming up short on both its employment and inflation goals, and can be patient in raising interest rates as it seeks to allow more people who want jobs or more working hours to get them, a top Fed official said on Tuesday. "We should take our time when we go ahead and start raising rates again," Minneapolis Fed President Neel...

  • July 12- Juno Therapeutics Inc said U.S. health regulators have removed a clinical hold on its cancer drug trial that was put in place last week following the death of three patients, sending its shares up about 28 percent in extended trading. Last week, the U.S. Food and Drug Administration halted the mid-stage trial of the company's genetically engineered...

  • July 12- Pfizer Inc said on Tuesday the U.S. Food and Drug Administration had expanded the use of its best-selling pneumonia vaccine, Prevnar, to adults aged 18 through 49.. Prevnar has been buoying Pfizer's revenue, helping the company beat Wall Street estimates. The Prevnar range of products grossed annual sales of $6.25 billion in 2015, up 40 percent from a year...

  • July 12- Amgen Inc's cheaper version of AbbVie's top-selling arthritis drug Humira is highly similar to the original and should be approved, an advisory panel to the U.S. Food and Drug Administration concluded on Tuesday. The FDA is not obliged to follow the advice of its advisory committee but typically does. The panel's conclusions were consistent with those...

  • July 12- Amgen Inc's cheaper version of AbbVie's top-selling arthritis drug Humira is highly similar to the original and should be approved, an advisory panel to the U.S. Food and Drug Administration concluded on Tuesday. The panel voted 26-0 that the drug, ABP 501, was similar in potency and safety to the original and that there was no meaningful clinical...

  • July 12- Investors see an economy a one percenter Goldilocks would love: strong job creation but with factors like Brexit and the U.S. election stopping the Federal Reserve from raising rates. Much better-than-forecast U.S. employment data on Friday helped send bond yields to record lows and stocks to record highs. That stocks would love an environment in which...

  • ST. LOUIS, July 12- The Federal Reserve should be in no rush to raise U.S. interest rates despite a surge in June hiring, St. Louis Fed President James Bullard said on Tuesday, sticking with his view that the central bank may need only a single rate hike for years to come. Bullard, a voting member of the U.S. central bank's rate-setting committee, recently shifted his view...

  • LONDON, July 12- The Bank of England did not intervene in the U.S. Justice Department's decision in 2012 to not prosecute HSBC for money laundering violations, Governor Mark Carney said on Tuesday. "HSBC is under a deferred prosecution agreement in the United States... and we didn't intervene with the Justice Department," Carney told British lawmakers.

  • *Japan struggling to kickstart economy. *There are questions over how far Japan will go to get growth. Federal Reserve Chairman Ben Bernanke told Japanese Prime Minister Shinzo Abe that the Bank of Japan has steps left available to support the economy, Japan's top government spokesman said on Tuesday.

  • SYDNEY, July 12- Interest rates in the United States are on a gradual upward path but the timing of hikes will depend on developments in the economy, a top Federal Reserve official said on Tuesday. Speaking at a banking conference in Sydney, Cleveland Fed President Loretta Mester said she was comfortable that the central bank was not behind the curve on monetary...

  • July 11- The U.S. Food and Drug Administration on Monday approved Shire Plc's lifitegrast eye drops for treating signs and symptoms of dry eye disease, allowing the company to bring to market its most important pipeline medicine. Lifitegrast, which will be marketed as Xiidra in the United States, is expected to launch in the third quarter. It treats an eye disease...

  • NEW YORK, July 11- Americans were more upbeat on their earnings growth last month, mirroring a sharp rise in U.S. jobs growth, while inflation expectations remained subdued, according to a Federal Reserve Bank of New York survey published on Monday. The New York Fed's survey of consumer expectations showed median expected earnings growth recovered to 2.54...

  • Savings

    Financial advisors recommend paying attention to the presidential front-runners' proposals affecting your wallet — for better or worse.

  • *Landslide win for Japan's Abe feeds stimulus hopes. TOKYO, July 11- The safe-haven yen fell on Monday amid an improvement in investor risk appetite following a surge in Tokyo stocks, but traders said the greenback will be capped longer term by views the Federal Reserve will remain cautious on interest rates. The dollar rose 0.8 percent to 101.37 yen after sliding...

  • *Yen unaffected by Japan elections, but long term impact pondered. TOKYO, July 11- The dollar steadied against the safe-haven yen on Monday thanks to an improvement in investors' appetite for riskier assets, but traders said the greenback will be capped longer term by views the Federal Reserve will remain cautious on interest rates. Japan's Nikkei rose more than 3...