Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The group, whose chairman is J.P. Morgan CEO Jamie Dimon, blamed tension with China and the stalled free-trade agreement with Mexico and Canada for its members' downbeat...Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump's announcement of his fourth national security advisor comes eight days after the abrupt departure of John Bolton.Politicsread more
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture...Real Estateread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
The Federal Reserve is the only institution in Washington acting to support economic growth, but its low-rate policy could be backfiring, former Dallas Fed President Richard Fisher said Thursday.
Fisher offered his assessment one day after the Federal Open Market Committee left rates unchanged and more members of the policymaking group indicated they anticipate just one hike this year rather than two.
Congress's failure to stimulate the economy through fiscal policy has forced the Fed to keep monetary policy accommodative, he told CNBC's "Squawk Box." But low rates are taking a toll on community and regional banks that lend to middle-income groups, he said.
That pressure, combined with over-regulation, is retarding growth, he said.
"There's very little incentive, together with the pincer movement of regulatory excess, for people to go out there and lend into job-creating enterprises," he said.
"It's a joint strangle on what moves our economy forward," he said.
Low rates have also slammed insurance companies, he noted. Since insurance provides the savings that many in the second and third income quartiles rely on, Washington is undermining the returns that protect the future of Americans' savings, he said.
Fisher said he believes the Fed needs to consider regulatory conditions when setting monetary policy, something he says never happened in his 10 years of attending policy meetings.
"I'm very worried longer term that this could be undermining the ability of the basic financial fabric of our country to do what it's supposed to do, which is to finance economic growth," he said.