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The Fed Ben Bernanke

  • FRANKFURT, Jan 17- European Central Bank President Mario Draghi should give up his membership of the opaque Group of 30 consultative body because it risks hurting public confidence in the ECB's independence, the European Ombudsman said on Wednesday. At present its members include Draghi, Bank of England Governor Mark Carney and People's Bank of China...

  • *Monthly bond purchases halved to 30 bln euros from Jan. 1. LONDON, Jan 8- The timing of a European Central Bank rate rise is fast taking over as the main driver of borrowing costs in the euro area as investors begin to sense that the bank's massive stimulus scheme may end sooner rather than later. When the ECB said it would halve monthly bond purchases to 30 billion...

  • *Monthly bond purchases halved to 30 bln euros from Jan. 1. LONDON, Jan 8- The timing of a European Central Bank rate rise is fast taking over as the main driver of borrowing costs in the euro area as investors begin to sense that the bank's massive stimulus scheme may end sooner rather than later. When the ECB said it would halve monthly bond purchases to 30 billion...

  • SAN FRANCISCO/ WASHINGTON, Jan 5- Jerome Powell, President Donald Trump's pick to lead the U.S. central bank starting next month, backed the Federal Reserve's third bond-buying program only reluctantly, transcripts released on Friday show. "Im supporting with a certain lack of enthusiasm, and I am somewhat uncomfortable with the road that we are on," Powell said at...

  • WASHINGTON— Transcripts released Friday show sharp divisions inside the Federal Reserve in 2012 over the need for a third round of bond purchases to boost a lagging economy. The doubters, including the presumed incoming Fed chair Jerome Powell, expressed fears that the risks outweighed what they believed would be small benefits. Even then-Fed Chairman Ben...

  • LONDON, Dec 19- Janet Yellen used her last press conference as Fed Chair to muse that a flat yield curve should not be interpreted as a sign that the economy is heading for a slowdown. Seasoned Fed-watchers will be forgiven for feeling a sense of deja vu: Her predecessors Alan Greenspan and Ben Bernanke spun exactly the same line before the last U.S. recession began.

  • LONDON, Dec 19- Janet Yellen used her last press conference as Fed Chair to muse that a flat yield curve should not be interpreted as a sign that the economy is heading for a slowdown. Seasoned Fed-watchers will be forgiven for feeling a sense of deja vu: Her predecessors Alan Greenspan and Ben Bernanke spun exactly the same line before the last U.S. recession began.

  • *U.S. third-quarter economic growth fastest in three years. NEW YORK, Nov 29- The dollar edged higher on Wednesday, adding to this week's gains, as strong U.S. third-quarter economic growth data and signs of progress in U.S. "It's a little bit of an unwind of what we saw last week," said Brad Bechtel, managing director FX at Jefferies in New York.

  • The dollar edged higher, as economic growth data and signs of Republicans' tax bill progress helped it rebound from recent weakness.

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, helped by strong U.S. data and as Federal Reserve chair nominee Jerome Powell signalled that the central bank is likely to raise interest rates again next month. "This is partly an unwind of some of the move we saw last week, which took place...

  • Nov 28- Wall Street surged to record highs on Tuesday led by sharp gains in bank stocks, and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Donald Trump's nominee to lead the Federal Reserve. Trump's push for a big package of tax cuts moved past a potential obstacle as a Senate panel approved the...

  • *Palladium reaches highest since February 2001. NEW YORK/ LONDON, Nov 28- Palladium jumped 2 percent on Tuesday to its highest price since February 2001, as traders expecting higher demand from the automotive industry piled into the metal on the first day of its new futures contract, while gold slipped slightly as the U.S. dollar advanced. "The automotive industry...

  • Nov 28- Wall Street hit record highs on Tuesday led by bank stocks, as investors seized on strong consumer confidence data and comments from President Donald Trump's nominee to lead the Federal Reserve. But major indexes briefly pulled back from session highs after news that North Korea had fired a missile. Jerome Powell, nominated to replace Janet Yellen as Fed...

  • NEW YORK/ LONDON, Nov 28- Gold inched higher on Tuesday but was still below the previous day's six-week high, mirroring an advance in the U.S. dollar following a confirmation hearing for U.S. Federal Reserve is likely to raise interest rates again next month, Powell told the Senate Banking Committee. He said the Fed should "respond decisively" to any new economic...

  • *Buffalo Wild Wings gains after Roark Capital offer. Nov 28- Wall Street indexes edged higher to records on Tuesday after Federal Reserve chair nominee Jerome Powell's comments on interest rate hikes and deregulation fired up financial stocks. Powell, in his confirmation hearing before the Senate Banking Committee, positioned himself as an heir to the...

  • WASHINGTON, Nov 28- Jerome Powell, U.S. President Donald Trump's choice to lead the Federal Reserve, defended the need to potentially lighten regulation on the financial sector, telling a Senate panel that after years of adding new rules it was time to take a pause and review what has been done. It is looking back and making sure what we did makes sense, "Powell told the...

  • SAO PAULO, Nov 28- The Chilean peso fell to a three-month low on Tuesday, tracking a decline in prices of copper, the country's chief export. That contrasted with muted moves in other currencies in the region, which kept to tight intervals as investors parsed U.S. congressional testimony by President Donald Trump's nominee for chair of the Federal Reserve, Jerome...

  • *Buffalo Wild Wings gains after Roark Capital bid. *Oil down for a second day ahead of OPEC decision. Nov 28- Wall Street indexes hovered near record levels on Tuesday as investors digested comments from Federal Reserve chair nominee Jerome Powell and shrugged off concerns over progress of the U.S. tax bill.

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, as risk sentiment improved and the confirmation hearing of new Federal Reserve chair Jerome Powell kicked off. "The dollar is stronger today on the back of the strong domestic equity market right now," said Minh Trang, senior currency...

  • NEW YORK, Nov 28- The dollar rose against a basket of currencies on Tuesday, rebounding from a two-month low hit the previous day, as risk sentiment improved and the confirmation hearing of new Federal Reserve chair Jerome Powell kicked off. "The dollar is stronger today on the back of the strong domestic equity market right now," said Minh Trang, senior currency...