The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
FARGO, North Dakota/ BANGOR, Maine, April 15- The U.S. "If you commit to keeping rates low even as the recovery is proceeding, even as we continue to recover, I think people have a sense, the Fed has the recovery's back," Minneapolis Federal Reserve Bank President Narayana Kocherlakota said at North Dakota State University.
TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the Japan Trust Banks Association- 0615 GMT. LJUBLJANA- Slovenia Finance Minister Uros Cufer speaks at a business conference on the European and Slovenian banking sector- 0700 GMT.
BANGOR, Maine, April 15- The Federal Reserve should "explicitly" state that it will keep interest rates near zero until the U.S. economy is within one year of reaching the central bank's employment and inflation goals, a top Fed policymaker said on Tuesday.
Federal Reserve chairman Ben Bernanke visits India. CANBERRA, Australia- RBA Assistant Governor Guy Debelle speaks to the Economic Society of Australia in Canberra- 0230 GMT. DUBLIN- Irish financial regulator Cyril Roux speaks at conference on' The Future of Prudential Regulation'- 0900 GMT.
Crown Publishers announced Monday that the two-week tour will begin in New York on May 14, two days after "Stress Test" is released. Geithner will be joined by CNBC's Jim Cramer on May 14, by Bernanke in Washington on May 22 and by Paulson in Chicago on May 28. Other stops will include Philadelphia, Seattle, Miami and San Francisco.
WASHINGTON- ECB Governing Council member Jens Weidmann and German Finance Minister Wolfgang Schaeuble to hold a national press conference in Washington- 1730 GMT.
TORONTO- Ontario Finance Minister Charles Sousa speaks at the Intercontinental Hotel in Toronto- 1600 GMT. WASHINGTON- German Finance Minister Schaeuble speaks at Center on Foreign Relations in Washington- 1715 GMT. WASHINGTON- 2014 Spring Meetings of the International Monetary Fund and the World Bank Group.
Alongside central bankers from the United States, Europe, and Brazil, Raghuram Rajan took the stage at a high-profile event here to list his proposals for better monetary cooperation and a global "safety net" that could provide funds for countries in case of economic emergency.
NEW YORK— Once again, it was the Federal Reserve to the rescue for the stock market. Facebook rose the most in the S&P 500, jumping 7.3 percent, followed closely by biotech company Vertex Pharmaceuticals, up 7 percent.
PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks before the "Enhancing Prudential Standards in Financial Regulations" conference hosted by the Federal Reserve Bank of Philadelphia- 1845 GMT.
HONG KONG, April 4- Political gridlock is slowing U.S. economic growth, impacting the confidence and budgets of businesses across the country, a top Fed official said here on Friday. Dallas Federal Reserve Bank President Richard Fisher took a swipe at U.S. politicians and their inability to cooperate, and accused them of impeding jobs growth.
Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions, a top Fed official said in Hong Kong on Friday.
NEW YORK, April 3- Federal Reserve Governor Jeremy Stein, who has spearheaded the debate over whether monetary policy should be used to combat asset bubbles, will step down next month, leaving another big hole in the ranks of the U.S. central bank. Stein will leave on May 28 to return to his teaching post at Harvard University.
WASHINGTON— Jeremy Stein, a member of the Federal Reserve Board, announced Thursday that he plans to resign next month to return to Harvard University, creating more turnover on the seven-member board.
CHICAGO, March 31- Federal Reserve Chair Janet Yellen on Monday took a page from a politician's playbook to defend the U.S. central bank's easy-money policies, citing the struggles of three Americans in a speech and touring a college workshop to shake hands with students and teachers.
March 27- No single data point will determine when the Federal Reserve finally tightens its policy, a top U.S. central banker said on Thursday, reinforcing the notion stressed by Chair Janet Yellen that a "wide range" of factors would be considered.
Janet Yellen, in her first Federal Open Market Committee press conference since taking over as chair, surprised investors last week by suggesting that rates can be expected to rise six months after the taper is completed and QE is done.
WASHINGTON, March 20- When Janet Yellen said. "I think it was an expression of an honest view... but maybe not as tactful as it should have been," said Millan Mulraine, an analyst at TD Securities. Transparency is a double-edged sword for central bankers, but Yellen, who took the helm at the Fed on Feb. 1, has argued hard for more of it.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.
Ron Napier, Head of Napier Investment Advisors, says Janet Yellen may be setting a new policy tone by calling for a rate hike sooner than expected.