By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Tuesday said she supported leaving the Fed’s policy rate on hold last week to assess if financial …
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MIsc. News
Fed’s Bowman says she expects further policy tightening will be needed
by Reutersby Reuters(Reuters) – Federal Reserve Governor Michelle Bowman on Tuesday repeated her view that the U.S. central bank will likely need to raise short-term interest rates again, though for now she …
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WASHINGTON (Reuters) – Third quarter U.S. economic growth at an annualized 4.9% rate was a “blowout” performance that warrants watching as the U.S. Federal Reserve considers its next policy moves, …
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(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to …
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MIsc. News
Fed’s Cook says hopes current policy setting is adequate to settle inflation
by Reutersby ReutersWASHINGTON (Reuters) – Federal Reserve Gov. Lisa Cook said she hopes the central bank’s current target interest rate is adequate to return inflation to the Fed’s 2% target. The Fed …
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MIsc. News
Fed’s Kashkari: a lot of uncertainty about what is driving yield curve
by Reutersby ReutersMinneapolis Federal Reserve Bank President Neel Kashkari on Friday said there is a lot of uncertainty over what is driving longer-term bond yields, whose rise in September and October helped …
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MIsc. News
Fed’s Barkin says there is ‘a lot of time’ to decide next policy step
by Reutersby ReutersBy Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Richmond President Thomas Barkin said Friday that softer jobs data is moving in the direction desired by central …
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By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank is not thinking about lowering rates right now. “The question …
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MIsc. News
Fed’s Powell says higher rates need to persist to affect Fed policy choices
by Reutersby ReutersBy Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on …
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MIsc. News
Fed’s reverse repo facility drawdown looms large in balance sheet debate
by Reutersby ReutersBy Michael S. Derby NEW YORK (Reuters) – The eventual end of the Federal Reserve’s efforts to reduce its vast bond holdings increasingly appears tied to what happens with the …
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MIsc. News
Fed’s Mester says plenty of room left to run on balance sheet drawdown
by Reutersby ReutersNEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday the central bank still has plenty of space to cut the size of its holdings …
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By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Friday her outlook for central bank interest rate policy still leans toward …
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By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on CNBC Friday that while inflation remains too high it is coming down …
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Government NewsPolice Blotter
Considering the Antitrust Division – A Conversation with a Division Paralegal
by Indira Patelby Indira PatelThe Antitrust Division’s Diversity Committee is hosting a virtual panel discussion for soon to be college students who may be interested in becoming a paralegal specialist. This panel will feature …
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Government NewsPolice Blotter
Former Florida State Representative Sentenced To Federal Prison For Wire Fraud, Money Laundering, And Making False Statements In Connection With COVID-19 Relief Fraud
by Indira Patelby Indira PatelGAINESVILLE, FLORIDA – Joseph Harding, 36, of Williston, Florida, was sentenced to 4 months in federal prison for wire fraud, money laundering, and making false statements in connection with COVID-19 …
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Government NewsPolice Blotter
Sioux City Man Sentenced to Federal Prison for Illegal Gun Possession
by Indira Patelby Indira PatelA man with a history of felony convictions – including 2017 convictions for operating while intoxicated, eluding, and homicide by vehicle – was sentenced Friday, October 13, 2023, to eight …
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Government NewsPolice Blotter
Florida Couple Pleads Guilty to Scheme to Evade $42 Million in Duties for Illegally Importing and Selling Plywood
by Indira Patelby Indira PatelA Florida husband and wife, Noel and Kelsy Hernandez Quintana, pleaded guilty today to conspiring to import plywood contrary to the Lacey Act and customs laws, and to selling plywood …
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Government NewsPolice Blotter
Lawrence Man Sentenced for Disaster Fund Fraud Scheme
by Indira Patelby Indira PatelBOSTON – A Lawrence man was sentenced today in federal court in Boston for using stolen identities to fraudulently obtain over $450,000 in Economic Injury Disaster Loan funds from the …
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Government NewsPolice Blotter
Timothy Gabriel Faces Federal Firearms Charge
by Indira Patelby Indira PatelBurlington, Vermont – The United States Attorney’s Office announced that Timothy Gabriel, 29, who most recently has been living in the Rutland area, appeared today in United States District Court …
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Government NewsPolice Blotter
Drug Trafficker Sentenced for Cocaine Trafficking
by Indira Patelby Indira PatelBOSTON – A drug trafficker operating in the Boston area was sentenced yesterday for his role in a cocaine trafficking conspiracy. Maurice Coates, 46, of Randolph, was sentenced by U.S. District …
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Government NewsPolice Blotter
Former Penn Hills Man Pleads Guilty to Child Exploitation Charges
by Indira Patelby Indira PatelPITTSBURGH, PA – A former resident of Penn Hills, Pennsylvania, pleaded guilty in federal court to charges of Coercion and Enticement of a Minor to Engage in Illegal Sexual Activity, …
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Government NewsPolice Blotter
Raleigh County Man Sentenced to Prison for Federal Fraud Crimes
by Indira Patelby Indira PatelBECKLEY, W.Va. – Paul Richard Massey, 51, of Shady Spring, was sentenced today to one year and one day in prison, to be followed by three years of supervised release, …
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Government NewsPolice Blotter
California Man Fined $50,000 for Illegally Importing Carvings Made from Sperm Whale Teeth and a Walrus Tusk
by Indira Patelby Indira PatelBurlington, Vermont – The United States Attorney’s Office stated that Pedro Huertas, 69, of Pasadena, California, pleaded guilty to a misdemeanor charge of unlawfully importing wildlife parts (carvings from sperm …
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Government NewsPolice Blotter
President of Suburban Chicago Environmental Company Indicted for Allegedly Obstructing Federal Probe Into Grant Funding of Hotel Demolition Project
by Indira Patelby Indira PatelCHICAGO — A federal grand jury has indicted the president of an environmental services company for allegedly obstructing an investigation into the grant funding of a hotel demolition project in …