Former Federal Reserve Chairman Ben Bernanke said the option of negative interest rates would give the Fed flexibility at a time when its policy toolkit is limited.
The ex-central bank chief issued his latest warning Tuesday on the declining fiscal situation in the U.S.
OTTAWA/ SAN FRANCISCO, Nov 14- The widespread adoption of artificial intelligence, machine learning and other new technologies may be boosting potential output in ways that could take years to show up in the data, Bank of Canada Governor Stephen Poloz said on Thursday. In the meantime, Poloz said, and in light of the potentially large number of people who could lose...
Bank of Canada governor says@. Nov 14- The widespread adoption of new technologies is making it harder for central banks to manage monetary policy but could also boost potential output, Bank of Canada Governor Stephen Poloz suggested in a research paper on Thursday. In the paper that will form the basis of a speech he is set to give in San Francisco later on Thursday,...
WASHINGTON, Oct 29- In the midst of what became a golden decade for the U.S. That would match the moves made by then-Fed Chairman Alan Greenspan in 1995 and 1998 during an era known as "the Great Moderation" for its steady growth, falling unemployment and tempered inflation. Policymakers may emphasize that "the three cuts cumulatively have served to balance the...
A quarter-point reduction could leave the central bank open to charges that it is tone-deaf about market and economic data signals.
Low interest rates have been one of the biggest challenges for lenders globally.
There is currently more than $16 trillion in negative-yielding debt around the world as central banks try to ease monetary conditions.
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.
The Dow is set to bounce; China labeled a "currency manipulator"; mortgage rates hit November 2016 lows, ex-Fed chiefs call for independent central bank; and Apple invites first customers to its credit card.
The four living former chairs of the Federal Reserve called for the U.S. central bank to remain free to work independently and without fear of political reprisals.
"As former chairs of the board of governors of the Federal Reserve System, we are united in the conviction that the Fed and its chair must be permitted to act independently and in the best interests of the economy, free of short-term political pressures and, in particular, without the threat of removal or demotion of Fed leaders for political reasons," the four...
WASHINGTON, Aug 1- In cutting U.S. interest rates but signaling that a series of further cuts was unlikely, Federal Reserve Chairman Jerome Powell on Wednesday took a page from the playbook of his predecessor Alan Greenspan, who used a similar tactic in the 1990 s with apparent success. Since becoming Fed chair in February 2018, Powell has met at least a dozen times...
July 31- U.S. interest rates have never been as low as they are now at the start of any past Federal Reserve interest rate reduction cycle. Here's a look at each rate-cutting cycle since 1994, when the Fed began announcing its policy actions:. Dissents: Kansas City Fed's Esther George, Boston Fed's Eric Rosengren.
"We look over 15 years, a lot of mistakes were made. You think there would be some more lively discussion," and more dissenters on the Fed, says the longtime stock market bull.
Former Federal Reserve chairman Alan Greenspan joins 'Squawk on the Street' to discuss comments from Fed vice chair Richard Clarida, the state of the U.S. economy and entiltlement concerns.
Former Fed Reserve chairman Alan Greenspan joins 'Squawk on the Street' to discuss the state of the U.S. economy and the Federal Reserve's independence.
Former Federal Reserve Chairman Alan Greenspan joins 'Squawk on the Street' to discuss the state of the U.S. economy.
Former Chair of the Federal Reserve Alan Greenspan joins 'Squawk on the Street' to discuss the state of the U.S. and global economy.
Economic growth won't last as the U.S. labors under the burden of growing entitlement programs, former Fed Chairman Alan Greenspan tells CNBC.