President Barack Obama said on Friday that his credit card was rejected at the classy Estela restaurant in Manhattan.» Read More
DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.
*Updated' exit principles' show repo tool limited, temporary. *Fed policymakers pushed back on New York assumptions.
*U.S. reserve-draining tool once thought pre-eminent. *Fed policymakers pushed back on New York assumptions. NEW YORK/ SAN FRANCISCO, Sept 16- There is a distinct chance U.S.
Pimco's Paul McCulley believes the Federal Reserve has a direct desire to pump up the U.S. stock market, even if it won't acknowledge so explicitly
JACKSON HOLE, United States- Bank of England Deputy Governor Ben Broadbent, Bank of Japan Governor Haruhiko Kuroda and Central Bank of Brazil Governor Alexandre Antonio Tombini take part in a panel discussion on "Labor markets and monetary policy" at Kansas Fed's annual Jackson Hole symposium.
JACKSON HOLE, Wyo., Aug 22- The Federal Reserve is "mired" in debate over corners of the U.S. labor market that it has little chance of improving, and it should instead prepare the public for an interest-rate rise, a Fed official known for his hawkish views said on Friday.
GUELPH- Canadian Finance Minister Joe Oliver will speak to reporters before a business roundtable in Guelph, Ontario- 1800 GMT. WYOMING, United States- European Central Bank President Mario Draghi to speak on "Reevaluating Labor Market Dynamics" in Jackson Hole, Wyoming- 1830 GMT. STOCKHOLM- Meeting of the General Council of the Riksbank.
While the Kansas City Fed's conference has been held every August since 1978 a quick check of Google shows the world only showed small interest in it until 2006. That, of course, was the last year before the financial crisis took hold, since when there has been an annual spike in stories detailing what Jackson Hole participants may say, what they actually did say, and how much markets went up after they said it.
SYDNEY- Reserve Bank of Australia will release the minutes of its August policy board meeting- 2340 GMT. SALZBURG, Germany- Federal Reserve Bank of New York Deputy General Counsel and Senior Vice President Joyce Hansen, Austrian National Bank Deputy Governor Andreas Ittner and Bundesbank Board member Andreas Dombret speak at Salzburg Global Seminar.
Flashes of illumination rather than fireworks are expected at the annual meeting of top central bankers and economists in Jackson Hole, Wyoming.
LONDON, Aug 17- Flashes of illumination rather than fireworks are expected at this week's annual meeting of top central bankers and economists in Jackson Hole, Wyoming. The spotlight will be on Janet Yellen, who will speak on Friday in her first appearance at Jackson Hole as Fed chair.
If history repeats itself, stocks will dip when the Fed exits the bond-buying business for good, data suggest.
SYDNEY- RBA Payments Policy Department senior manager Jenny Hancock will participate in a panel discussion at the Risk Australia Conference, Sydney.
WASHINGTON/ NEW YORK, Aug 12- Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she'd rather fight inflation than another economic downturn.
WAKEFIELD, Canada- Canadian Finance Minister Joe Oliver will hold an annual two-day policy retreat in Wakefield to discuss with industrialists, analysts and others where they think the economy is heading.
An avowed opponent of putting money at the top in hopes it "trickles down," the Obama economy has benefited from the principle.
*Wall Street lags central bank's rate-rise expectations. SAN FRANCISCO/ NEW YORK, July 17- Investors may be ignoring subtle warnings from the Federal Reserve that a rate rise may come sooner than they think, setting the stage for another painful market contraction much like last year's "taper tantrum."
Federal Reserve Chair Janet Yellen will have some good news to tell Congress this week about the health of the labor market.
A surge of Republican pressure is bringing the Fed's long-held independence into question again.
With Democrats controlling the Senate since the 2008 financial crisis, the bank and its supporters have had the luxury of shrugging off Fed-related laws from the Republican-controlled House of Representatives.