Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.» Read More
CNBC's Rick Santelli gives a C+ as his auction grade.
Fed moves to raise interest rates could lead to more market volatility, but overall the impact should be manageable, the Fed's vice chairman said.
The bond markets' indifferent response to last Friday's statement by the Federal Reserve that rates may be raised this year seems about right.
Sue Trinh, senior currency strategist at RBC Capital Markets, says Fed chair Janet Yellen's comments last week gave the dollar a boost and bolstered the case for a September rate hike.
The Fed vice chairman said it was "misleading" to give so much importance to the first interest rate hike.
Boris Schlossberg, managing director at BK Asset Management, says that there needs to be a couple more months of better U.S. economic data, before the Federal Reserve normalizes rates.
Pakistan's central bank has cut its benchmark interest rate to 7 percent from 8 percent, a larger-than-expected move aimed at spurring economic growth.
The Bank of England was forced on Friday night to confirm that it was secretly researching the financial impact of a possible decision by Britain to leave the EU, after it mistakenly emailed a journalist with the details.
CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.
CNBC's Rick Santelli discusses bond prices and yields.
The Fed chair predicted moderate growth this year and beyond, explaining that economic headwinds are waning.
David Stockman explains why the stock and bond market could be on the verge of a collapse.
The chairman of a U.S. congressional committee subpoenaed Fed documents and communications related to a 2012 leak of information.
European Central Bank head Mario Draghi said that "growth is too low everywhere" in the 19-country euro zone despite a modest recovery.
Prinn Panitchpakdi, Thailand Country Head at CLSA, says Thai markets offer opportunities for long-term investors based on historical price-to-earnings and price-to-book valuations.
Rob Subbaraman, chief economist, Asia ex-Japan at Nomura, says the Bank of Thailand is "overburdened" and more measures to help the economy must come from the fiscal policy and reforms.
Prasarn Trairatvorakul, governor of Bank of Thailand, says the current levels of Thai baht is "more in line" with regional currencies.
The Fed meeting minutes are so detailed and such a central focus for investors and media that policy debates may be hindered, a top Fed official said.
The Bank of Japan may be intent on keeping its easy monetary policy, but it could run out of bonds to buy, and be forced into tapering next year.
Thailand's economy continues to stumble even though the central bank has cut rates twice in a row. CNBC asks Prasarn Trairatvorakul, governor of Bank of Thailand, whether he is running out of options.
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