Armored truck heist in Chicago Loop ends with suspect shot and cash recovered
CHICAGO – A 23-year-old man was charged in federal court Friday after allegedly attacking an armored truck driver and stealing a bag of cash during a brazen daylight robbery in the Loop.…
Fed’s Goolsbee: ‘way too premature’ to expect June rate hike
-Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is “way too premature” to suggest that stronger-than-expected job gains in April mean the central bank will need to raise interest…
Fed’s Bullard: ‘Open mind’ on June meeting, though rates still may need to rise
By Howard Schneider WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Friday he was ready to keep an “open mind” about whether to raise rates or hold them…
St. Louis Fed’s Bullard says rate increase this week was good ‘next step’
WASHINGTON (Reuters) – The quarter point rate increase approved by the Federal Reserve this week was “a good next step” in the fight against inflation, St. Louis Fed President James Bullard said…
Would Fed’s Powell go full ‘loathsome’ to buffer against a debt default?
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, asked on Wednesday about what the Fed would do in the event of a U.S. debt default, repeated the mantra of…
Fed’s Cook sees a less certain outlook for future of monetary policy
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Lisa Cook said Friday that the outlook for the next stage of central bank monetary policy has grown less clear after…
Fed’s Harker sees more central bank action to quash inflation pressures
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S. central bank will have to do more on the policy front to…
Fed’s Goolsbee says he is watching for other ‘credit shoes’ to drop
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday that after the failure of two large regional Fed banks last month roiled the financial sector, he is waiting to…
Fed’s Bowman sees potential for interbank digital dollar
(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on…
Fed’s Bowman says bank failures not indictment of broader regulatory regime
(Reuters) – Federal Reserve Governor Michelle Bowman said on Friday that the recent failures of Silicon Valley Bank and Signature Bank were not an indictment of the bank regulatory landscape, although she…
Fed’s Goolsbee says mild U.S. recession feasible
(Reuters) – A U.S. recession is certainly feasible as the Federal Reserve’s steep rate-hikes over the past year filters fully through the economy, Chicago Fed President Austan Goolsbee said on Friday, as…
Fed’s Waller: Not much progress on inflation, higher rates needed
By Howard Schneider (Reuters) – Despite a year of aggressive rate increases U.S. central bankers “haven’t made much progress” in returning inflation to their 2% target and need to move interest rates…
Fed’s Kashkari: Recession possible, but high inflation would be worse
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed’s interest-rate hikes and a possible pullback in lending after two bank failures last month could trigger a recession,…
Fed’s Williams doubts monetary policy spiked banking sector stress
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large…
Fed’s Waller: US inflation can drop without much harm to job market
SAN FRANCISCO (Reuters) – U.S. Federal Reserve Governor Christopher Waller on Friday said recent data is consistent with the notion that the U.S. central bank may be able to drive down inflation…
Fed’s Collins says latest inflation data doesn’t change policy path yet
By Michael S. Derby WASHINGTON (Reuters) – Boston Federal Reserve President Susan Collins said on Friday that wherever the U.S. central bank stops with its interest rate rises, maintaining that level for…
Fed’s Barr says first learned of risks at SVB weeks before it failed
(Reuters) – The U.S. Federal Reserve’s head of banking supervision said Tuesday he was first made aware of the interest rate risk-related issues at Silicon Valley Bank in mid-February, just weeks before…
Fed’s Jefferson: Trouble among small, regional banks could hit small businesses
LEXINGTON, Virginia (Reuters) – The shuffling of deposits from small to large banks could have a disproportionate impact on U.S. small businesses who depend heavily on community and regional financial institutions for…
Fed’s Barkin says case for rate increase was ‘pretty clear’
(Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he did not have second thoughts about the U.S. central bank’s decision earlier this week to raise its main…
Fed’s Powell: Rate pause was considered due to bank issues
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that officials considered not raising interest rates at its meeting due to banking system stress following the collapse of Silicon…
Fed’s Powell says he welcomes probes into banking problems
(Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that he expects and welcomes outside investigations into the banking woes that kicked off with the collapse of Silicon Valley Bank. “It’s…
Fed’s Powell: Process of disinflation is still happening
(Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday the process of weakening inflation is still happening slowly but it is unclear what impact the latest round of banking sector trouble…
STEVE HANKE And MATT SEKERKE: Fed’s Monetary Blunders Put The Entire Banking System In A Bad Spot
STEVE HANKE And MATT SEKERKE: Fed’s Monetary Blunders Put The Entire Banking System In A Bad Spot Steve Hanke And Matt Sekerke on March 21, 2023 The Federal Reserve’s monetary mismanagement has…
Fed’s new banking backstop could slow balance sheet drawdown
By Michael S. Derby (Reuters) – The two recent U.S. bank collapses and the Federal Reserve’s new lending program that was launched to prevent wider financial system fallout may have a knock-on…
Wall St relieved after inflation data but warns Fed’s fight not over
By Lewis Krauskopf NEW YORK (Reuters) – Investors on Tuesday welcomed a report showing U.S. consumer prices rose at an expected monthly pace but warned of uncertainty ahead, as the Federal Reserve…
‘Feds Broke It’: Observers Melt Down After Major Bank Collapses Overnight
‘Feds Broke It’: Observers Melt Down After Major Bank Collapses Overnight Harold Hutchison on March 10, 2023 Observers of Silicon Valley and the tech sector melted down Friday following the sudden collapse…
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