"The uptake on the unemployment insurance program is a good thing because it means you're getting the transfers to the people that are being disrupted by this health-ordered shutdown," St. Louis Federal Reserve President James Bullard said.
"If we don't get the public health right," no Fed monetary policy or Washington fiscal package is going to work, Bernanke added.
The Dow Jones Industrial Average just had its best day since 1933. David Spika of GuideStone Capital says it's too early to get too optimistic.
Despite market expectations for up to two cuts this year, Bostic said the Fed should stay put.
U.S. stock futures were pointing to a lower Wall Street open, with the Dow heading for its first down week in February.
St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply than expected.
Worries over global economic growth were set to thwart Wall Street's run to record highs on Monday.
FedEx's earnings disappointment and outlook warning earlier this week were a "wake-up call," says the "Mad Money" host.
U.S. stock futures are modestly higher, with the S&P 500 just a little more than 20 points away from July's all-time high ahead of Friday's open on Wall Street.
James Bullard and Eric Rosengren, regional Fed presidents, released statements explaining why they voted against this week's rate cut.
The U.S. Federal Reserve should cut interest rates to get ahead of both market expectations for a rate cut and a global trade war, St. Louis Federal Reserve President James Bullard said.
The Fed's James Bullard says more monetary easing is necessary because of the recession signal being flashed by the bond market.
The inversion of portions of the Treasury bond yield curve this week "would have to be sustained over a period of time" to be taken as a "bearish" signal for a U.S. economy, St. Louis Fed President James Bullard said.
Wall Street broke a two-day losing streak with some strong Tuesday gains, but futures were pointing to a modestly lower open.
St. Louis Federal Reserve President James Bullard expressed optimism that the United States and China will reach a deal to end their trade war.
Government debt yields held lower amid trade war angst and after the Fed's minutes showed members willing to postpone rate decisions.
Bullard also stresses that if the economy were to show unexpected strength or weakness, the Fed would consider acting "in either direction."
St. Louis Federal Reserve President James Bullard says the central bank could consider postponing its widely anticipated December rate hike by one month because of an inverted yield curve.
Stocks fell on Wednesday as losses in tech and AT&T shares outweighed a post-earnings bounce in Boeing.
St. Louis Federal Reserve President James Bullard is cautious about hiking rates again this year.