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  • WASHINGTON, Dec 3- The Federal Reserve is only in the early stages of developing a set of macroprudential tools to ensure financial stability and faces limits because of the divided nature of U.S. financial sector oversight, Fed governor Lael Brainard said on Wednesday. "While the Federal Reserve has an inherent responsibility for financial stability, it has an...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve is at risk of letting too much data put it "behind the curve" on raising interest rates, a top Fed official said on Wednesday, adding that inflation pressures would build the longer the central bank waited for "lift-off." "We're always going to get more data. And if you allow that to freeze your policy-making process, you're always...

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. "In early November, oil and gas exploration activity decreased in North Dakota and increased in Montana relative to a month earlier; production remained at record levels," the Fed said. "

  • Dec 3- U.S. health regulators on Wednesday approved an Amgen Inc drug that helps the immune system fight a rare type of leukemia, more than five months ahead of the expected decision date. Anthony Stein, professor of hematology at City of Hope outside Los Angeles who worked on clinical trials of blinatumomab, called the approval "very important" for patients.

  • Dec 2- The U.S. Food and Drug Administration changed the rules governing how prescription drugs and biologics used during pregnancy and breastfeeding are labeled. The decision, which has been in the works since 2008, will impact more than 6 million pregnancies in the United States involving women who, on average, need to take three to five prescription drugs...

  • WASHINGTON, Dec 3- U.S. economic activity continued to expand in October and November, with lower gasoline prices boosting consumer spending, the Federal Reserve said on Wednesday. In its Beige Book report of anecdotal information on business activity collected from contacts nationwide on or before Nov. 24, the U.S. central bank said a number of its districts...

  • WASHINGTON, Dec 3- The U.S. Federal Reserve is only in the early stages of developing a set of macroprudential tools to ensure financial stability, and faces limits because of the divided nature of U.S. financial sector oversight, Fed governor Lael Brainard said on Wednesday. Her remarks at the Brookings Institution are the most detailed to date by a Fed...

  • CHARLOTTE, N.C., Dec 3- Philadelphia Federal Reserve Bank President Charles Plosser said on Wednesday the reason he did not dissent at the U.S. central bank's last policy-setting meeting was because of the addition of "data-dependent" language to the Fed policy statement. At its Oct. 28-29 meeting, the Fed decided to retain its guidance that overnight borrowing...

  • CHARLOTTE, N.C., Dec 3- The Federal Reserve's policy of keeping interest rates at near zero is unprecedented and risky, a top Fed official said on Wednesday, given that inflation is heading toward the central bank's goal and the U.S. economy is approaching full employment. Philadelphia Federal Reserve Bank President Charles Plosser said the Fed's preferred...

  • NEW YORK, Dec 3- The U.S. dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the U.S. economy by a Federal Reserve official ahead of a European Central Bank meeting that may result in more monetary easing measures. "The forcefulness of these moves in the dollar are being driven by Fed rate rise expectations but also perhaps...

  • VA scandal: Whistleblowers get 'corrective action' Wednesday, 3 Dec 2014 | 9:00 AM ET
    New homes in Vienna, Virginia

    Katherine Mitchell, Phyllis Hollenbeck and Charles Sherwood named Public Servant of the Year in uncovering of problems in patient care.

  • U.S. Q3 productivity revised up, wages slashed Wednesday, 3 Dec 2014 | 8:30 AM ET

    WASHINGTON, Dec 3- U.S. nonfarm productivity grew a bit faster than initially thought in the third quarter, while sharp downward revisions to compensation pointed to muted wage inflation that should give the Federal Reserve room to keep interest rates low for a while. The Labor Department said on Wednesday productivity expanded at a 2.3 percent annual rate...

  • SINGAPORE/ SYDNEY, Dec 3- The dollar hit a seven-year peak against the yen on Wednesday, following a rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. The greenback also rose against the Australian dollar, which slid to a four-year low after data showed Australia's economy unexpectedly slowed last...

  • Dollar index rises to highest since March 2009 Wednesday, 3 Dec 2014 | 2:12 AM ET

    SINGAPORE, Dec 3- The dollar rose on Wednesday to its highest in more than 5-1/ 2 years against a basket of currencies, helped by this week's rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. The dollar index touched a peak of 88.709, its loftiest level since March 2009. It was last steady on the day at 88.667.

  • SINGAPORE/ SYDNEY, Dec 3- The dollar hit a seven-year peak against the yen on Wednesday, following a rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. Besides the psychologically key 120.00 yen level, the greenback faces resistance at about 119.56 yen, the 23.6 percent retracement of its 1985 to 2011...

  • Dollar extends gains, hits fresh 7-year high vs yen Tuesday, 2 Dec 2014 | 7:56 PM ET

    SINGAPORE, Dec 3- The dollar surged to a fresh seven-year high against the yen on Wednesday, after U.S. bond yields rose the previous day and as Federal Reserve officials this week painted a mostly rosy outlook for the U.S. economy. The dollar rose to 119.33 yen on trading platform EBS at one point, its highest level since August 2007. The greenback last traded at...

  • DIARY -Top economic events to Dec 15 Tuesday, 2 Dec 2014 | 7:01 PM ET

    CHARLOTTE, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the Charlotte Economics Club- 1730 GMT. WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1900 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard and former Federal Reserve vice chair Donald Kohn...

  • FDA panel says newer HIV tests effective Tuesday, 2 Dec 2014 | 5:00 PM ET

    Dec 2- Newer methods to test donated blood samples for HIV infections are effective, a panel of experts at the U.S. Food and Drug Administration concluded, in a move that could limit the ban on donations by men who have had sex with other men. The FDA's ban, in place for about three decades, disallows donations from men who have had sex with even one man since 1977, as they...

  • LONDON, Dec 2- The dollar rose against a basket of currencies on Tuesday, underpinned by upbeat comments from two influential Federal Reserve officials who stressed the positive impact on the U.S. economy from a decline in oil prices. While that will keep alive expectations the Fed may start to tighten policy in the middle of 2015, both the European Central Bank...

  • *Gold eases after near 4- percent jump. LONDON, Dec 2- Gold slipped around 1 percent on Tuesday as a firm dollar and signals the U.S. economy is benefiting from a decline in oil prices renewed expectations the Federal Reserve may start to tighten policy sometime in the middle of 2015.. Spot prices traded in a $80 range on Monday, first falling to a near three-week low...