Top Fed officials zero in on next policy steps
PHILADELPHIA (Reuters) – The U.S. Federal Reserve, having just reduced its bond-buying program, now appears deep in debate over the best way to unwind its extraordinary stimulus in the months and years ahead.
Fed’s Plosser at odds with policy approach favored by Yellen
PHILADELPHIA (Reuters) – The Great Recession could have done permanent damage to potential U.S. output, a top Federal Reserve official said on Saturday, taking an indirect shot at more cyclical approaches to policy-making that is favored by many econom…
Retreating U.S. stimulus poses risk to world recovery
BRUSSELS (Reuters) – The world economy should finally overcome its hangover from the global financial crisis this year as growth picks up and house prices rise, but reduced U.S. monetary stimulus will pose a challenge.
Still unclear exactly how QE eases conditions: Fed’s Dudley
PHILADELPHIA (Reuters) – Extensive research into massive asset-purchase programs has not yet clarified whether such policies ease financial conditions primarily as a signal to investors or more directly through private portfolios, an influential U.S. c…
Fed’s Kocherlakota does not comment on U.S. policy, economy
PHILADELPHIA (Reuters) – Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, did not comment on monetary policy or the economy, according to prepared remarks on Saturday.
Rapid QE withdrawal could permanently harm U.S. workers: Fed’s Rosengren
PHILADELPHIA (Reuters) – A dovish U.S. central banker on Saturday again urged the Federal Reserve to be patient as it trims its support for the economy, in part because it risks permanent damage to the labor market.
Italy’s Alitalia seeks more bank funding: paper
MILAN (Reuters) – Alitalia has asked banks to extend an existing loan agreement by 50 million euros ($68 million), daily Il Messaggero reported on Saturday, in a sign the troubled Italian airline may again be facing a liquidity crunch just weeks after …
Commerzbank sees opportunity as Swiss exit German wealth management
FRANKFURT (Reuters) – Commerzbank expects other lenders to follow Credit Suisse’s move to sell its private bank in Germany, creating opportunities for Commerzbank to expand its wealth management business, a divisional chief said.
China pledges further support for solar industry
SHANGHAI (Reuters) – China pledged further support for its ailing solar power industry on Saturday as the government seeks to revive a sector struggling with overcapacity and falling prices.
NY Fed moves to dismiss suit brought by former Goldman examiner
NEW YORK (Reuters) – The New York Federal Reserve Bank filed a motion on Friday to dismiss a lawsuit brought by a former employee who claimed she was fired after refusing to alter a critical examination of Goldman Sachs Group Inc .
