Tag: Federal Reserve System

Many Adults Would Struggle to Find $400, the Fed Finds

Four in 10 American adults wouldn’t be able to cover an unexpected $400 expense with cash, savings or a credit-card charge that could be quickly paid off, a new Federal Reserve survey finds. About 27 percent of people surveyed would need to borrow or sell something to pay for such a bill, and 12 percent […]

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Fed Minutes Show Officials in No Rush to Change Interest Rates

Federal Reserve officials were in no rush to change interest rates as of their last meeting, even if the economy continued to strengthen, and some were worried about persistently low inflation, minutes from their April 30 to May 1 policy meeting show. Inflation eased to 1.6 percent annually in March, well below the Fed’s goal […]

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The Economy Is Strong and Inflation Is Low. That’s What Worries the Fed.

WASHINGTON — America’s job market is booming and the economy is strong, but that combination is not raising prices the way it used to. Biscuit Head, a North Carolina restaurant chain serving up gravy flights and homemade jam, would be charging more if the previous economic relationships held up. At 3.3 percent, unemployment in Asheville, […]

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The Sabotage Years

Do you remember the great inflation scare of 2010-2011? The U.S. economy remained deeply depressed from the aftereffects of the burst housing bubble and the 2008 financial crisis. Unemployment was still above 9 percent; wage growth had slowed to a crawl, and measures of underlying inflation were well below the Federal Reserve’s targets. So the […]

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Editorial Observer: Dying Is No Reason to Stop Fighting

Ady Barkan rolled into Washington this week in a motorized wheelchair, unable to talk or to chew food or to lift his arm to scratch an itch, but determined to deliver the message that health care is a human right. Just 35 years old, he is dying of amyotrophic lateral sclerosis, also known as A.L.S. […]

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How a Lone Norwegian Trader Shook the World’s Financial System

On a breezy day in September, an ominous text message appeared on Fredrik Ekstrom’s phone: Go immediately to the war room. Mr. Ekstrom is chairman of Nasdaq Clearing, an outpost of the American stock exchange company in Stockholm, which processes futures trading and acts, in part, as a shield against contagious losses in the global […]

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Trump Won’t Nominate Stephen Moore for Fed Board

WASHINGTON — President Trump said he would not nominate Stephen Moore for a seat on the Federal Reserve board after several Republican lawmakers raised concerns about the conservative economist’s previous comments denigrating women. Mr. Trump, in a tweet, said “Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from […]

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Fed Leaves Interest Rates Unchanged and Says Inflation Is Below Target

WASHINGTON — The Federal Reserve left interest rates unchanged on Wednesday and noted that inflation is coming in below the Fed’s goal, presenting a challenge for the central bank as it considers its next move. A strengthening economy has prompted the Fed to raise rates nine times since 2015, with four increases coming under the […]

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Moore’s Shot at the Fed Teeters as G.O.P. Senators Voice Concerns

WASHINGTON — The conservative commentator Stephen Moore’s chance at confirmation to the Federal Reserve Board teetered on Tuesday after one Republican senator said it was unlikely she would support him and multiple Republican senators began to publicly question whether the problematic favorite of President Trump would have enough votes if nominated. Senator Joni Ernst, Republican […]

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Fed Likely to Leave Interest Rates Unchanged as Trump Calls for Cut

WASHINGTON — Federal Reserve officials are poised to disappoint President Trump at the conclusion of their two-day policy meeting on Wednesday, with the central bank expected to leave interest rates unchanged despite Mr. Trump’s repeated calls for it to start cutting rates. Mr. Trump has criticized the Fed’s 2018 interest rate increases for slowing growth […]

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Solving Trump’s Federal Reserve Problem

The drama of Stephen Moore, Donald Trump’s controversial not-yet-nominee for a seat on the Federal Reserve, is a nice microcosm of the larger drama of conservatism in a Trumpian age. In the monetary policy debate that lurks behind the Fed battle, you can see some of the reasons for Trump’s political success. In the Moore […]

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Don’t Let Trump Mess With the Fed

Once again, the Federal Reserve has regrettably become a favorite whipping boy. President Trump has been lobbying it to lower interest rates, even though the unemployment rate is 3.8 percent. Progressives are still complaining that the central bank didn’t do enough to stimulate the economy in the wake of the 2008 recession. More worrisome, Mr. […]

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Survival of the Wrongest

Evidence has a well-known liberal bias. And that, presumably, is why conservatives prefer “experts” who not only consistently get things wrong, but refuse to admit or learn from their mistakes. There has been a lot of commentary about Stephen Moore, the man Donald Trump wants to put on the Fed’s Board of Governors. It turns […]

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Excerpts of Stephen Moore’s Writing: Bashing Women, Gay Rights and More

Stephen Moore is a conservative commentator best known for opining on economic issues. But the longtime columnist, who is in line to be nominated to the Federal Reserve Board by President Trump, has also written on a range of social topics during his career, including women’s rights, gender equity and marriage. While many of these […]

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Stephen Moore’s Paper Trail: Bashing Women, Gay Rights and More

Stephen Moore is a conservative commentator best known for opining on economic issues. But the longtime columnist, who is in line to be nominated to the Federal Reserve Board by President Trump, has also written on a range of social topics during his career, including women’s rights, gender equity and marriage. While many of these […]

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Moore’s Columns Deriding Women Raise New Questions for Trump Fed Pick

WASHINGTON — Stephen Moore, the economic adviser President Trump plans to nominate to the Federal Reserve, wrote in a 2000 column that “radical feminists” had turned white men into an “oppressed minority” on college campuses, warning parents against sending their daughters to schools that devote resources to women’s studies and black history programs. “Colleges are […]

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Stephen Moore’s Columns Deriding Women Raise New Questions for Trump Fed Pick

WASHINGTON — Stephen Moore, the economic adviser President Trump plans to nominate to the Federal Reserve, wrote in a 2000 column that “radical feminists” had turned white men into an “oppressed minority” on college campuses, warning parents against sending their daughters to schools that devote resources to women’s studies and black history programs. “Colleges are […]

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Trump Will Not Nominate Herman Cain to Fed Board

WASHINGTON — President Trump said on Monday that Herman Cain, a former pizza company executive and conservative presidential candidate, has withdrawn from consideration to be nominated to the Federal Reserve Board. “My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board,” Mr. […]

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The 2008 Financial Crisis as Seen From the Top

FIREFIGHTING The Financial Crisis and Its Lessons By Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr. For a few months in 2008 and 2009 many people feared that the world economy was on the verge of collapse. They had good reason to be afraid. Financial markets were virtually frozen, with credit almost […]

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