Riyadh has been working to convince OPEC producers and allies led by Russia, a group known as OPEC+, that they need to act sooner rather than later. Nearly all OPEC members have expressed support for the proposed cut in supply, including Venezuela and Iran, who have often in the past been out of step with de facto OPEC leader Saudi Arabia on supply policy.
Riyadh has been working to convince OPEC producers and allies led by Russia, a group known as OPEC+, that they need to act sooner rather than later. One OPEC source said Riyadh wanted a quick supply cut to "put a floor under the prices." OPEC's biggest producer, Saudi Arabia in the past has often orchestrated OPEC production cuts or increases to keep oil prices at a...
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.
"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.
Over more than three decades and four Fed chiefs, there have been a half-dozen sharp market downturns that forced central bankers to pause tightening programs or even to ease policy.