Goldman Sachs Group Inc. disclosed Thursday that board member Stephen Friedman, who was at the center of a controversy over conflict of interest at the Federal Reserve, plans to retire May 22.
WASHINGTON, April 4- The Federal Reserve should focus its energies on bringing down an elevated U.S. unemployment rate even if inflation "slightly" exceeds the central bank's target, Fed Vice Chair Janet Yellen said on Thursday.
DAYTON, Ohio, April 4- A second Federal Reserve official has suggested that U.S. interest rates may have to remain near zero until the unemployment rate falls as low as 5.5 percent, lower than the 6.5 percent threshold the U.S. central bank has in mind.
WASHINGTON, April 4- Hedge fund and derivative investors are taking on more risk as aggressive monetary easing and an improving economy boost demand for higher-yielding securities, a Federal Reserve survey showed on Thursday.