President Barack Obama said on Thursday the Federal Reserve was "properly focused" on unemployment given the relatively tame pace of inflation in the country, offering a broad endorsement of Fed Chair Janet Yellen's policy approach.» Read More
U.S. District Court Judge Richard Leon ordered the FDA reconstitute the committee and barred the agency from using the panel's findings, which said removing menthol cigarettes from the market would benefit public health.
NEW YORK, July 21- There are many reasons to be optimistic about the recent drop in long-term unemployment, Federal Reserve economists said in a paper published on Monday, the latest evidence helping to put to rest a debate that gripped the U.S. central bank earlier in the year.
U.S. District Court Judge Richard Leon in Washington ordered the FDA on Monday to reconstitute the tobacco panel and barred the agency from using its older report on menthol cigarettes.
WASHINGTON, July 21- Commissioner Scott O'Malia said on Monday he intends to leave the U.S. Commodity Futures Trading Commission, creating a vacancy just a short while after Chairman Tim Massad took over at the derivatives regulator. Before joining the CFTC, he was the staff director at the Senate Appropriations Subcommittee on Energy and Water Development.
ATLANTA— U.S. nuclear regulators may need to shuffle staff as fewer nuclear plants are built and financial pressures prompt utilities to shutter existing plants, U.S. Nuclear Regulatory Commission Chair Allison Macfarlane said Monday. Three nuclear plants are under construction in Georgia, South Carolina and Tennessee.
SAN FRANCISCO, July 21- New college graduates have seen their wages rise more slowly than the rest of the U.S. workforce since the Great Recession, new research from the San Francisco Federal Reserve Bank shows, a trend that reflects continued weakness in the economy.
Edward Snowden told The Guardian that NSA workers shared intimate messages intercepted from citizens with co-workers. NBC News reports.
JACKSON, Wyo.— National parks and monuments boosted the economies of surrounding communities in Wyoming, Montana and Idaho by a combined $1.15 billion last year, according to a new study. Wyoming saw $723.3 million in spending by visitors to parks and monuments run by the National Park Service; Montana, $397.3 million; and Idaho, $29.4 million.
July 18- U.S. environmental regulators laid out proposed protections for Alaska's Bristol Bay watershed on Friday, outlining restrictions that would effectively block the development of the Pebble deposit, which could be one of the world's largest copper mines.
MONTGOMERY, Ala.— Alabama is the only state with a higher unemployment rate for June than a year earlier, the U.S. Bureau of Labor Statistics reported Friday. Alabama's unemployment stayed the same from May to June at 6.8 percent. Alabama recorded 6.5 percent in June 2013.
WASHINGTON, July 17- U.S. airlines have voluntarily agreed to avoid airspace near the Russia- Ukraine border, the Federal Aviation Administration said on Thursday. The agency said it consulted U.S. airlines after learning of the crash of a Malaysia Airlines flight from Amsterdam to Kuala Lumpur.
OWENSBORO, Kentucky, July 17- The labor participation rate is expected to fall and the government should not expect an influx of workers, a Federal Reserve official said on Thursday, raising a point that goes against the view of Fed Chair Janet Yellen.
*Fed expected to start raising rates in Q2 2015. WASHINGTON, July 17- Rising inflation pressures could push the U.S. "All things considered, there is now an increased risk of an earlier first rate hike," economists at Bank of America Merrill Lynch said in a report.
*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."
Sean Patrick Maloney, D- N.Y., by name, but said it was looking into "a report of an unmanned aircraft operation in Cold Spring, New York, on June 21 to determine if there was any violation of federal regulations or airspace restrictions." Maloney is a member of the House Transportation and Infrastructure Committee's aviation subcommittee, which oversees the FAA.
NEW YORK, July 16- A proposal to overhaul nutrition labels on packaged foods sold in the United States does not go far enough to influence consumer choices and reduce obesity, a former U.S.
July 16- Markets aren't afraid of Janet Yellen, but you might want to be. Yellen and her colleagues at the Federal Reserve Board took unusually frank aim at frothy valuations in social media and biotech shares, as well as at parts of the debt markets, in testimony before Congress this week.
Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.
*Gold rises after biggest two-day loss since October. *Gold fix moved to electronic platform possible. NEW YORK/ LONDON, July 16- Gold rebounded on Wednesday after two consecutive days of sharp losses, but a strong U.S. economic outlook and fears that the Federal Reserve could raise U.S. interest rates limited gains for the safe haven.
WASHINGTON, July 16- The U.S. economy continued to expand in recent weeks, with manufacturing activity widening and employers in several parts of the country reporting difficulties finding skilled workers, the Federal Reserve said on Wednesday.