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 united front on interest rates may soon be tested
By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO – Federal Reserve officials are likely to hit a key milestone this week with an interest rate hike that effectively ends pandemic-era support for…
Feds Disrupt Illegal Italian Snail Trade in New Jersey
If you’re waiting for your illegal Italian snail dish at your favorite Italian restaurant in New Jersey, you might have to wait. That’s because on Friday, U.S. Customs and Border Protection (CBP)…
Fed’s Bostic: Should not move rates “too dramatically”
TAMPA, Fla – Moving interest rates “too dramatically” could undermine the positive trends still seen in the economy and add to the already large amount of uncertainty, Atlanta Fed president Raphael Bostic…
Fed’s Bullard says policy rate should be at least 3.75% by end of 2022
(Reuters) – The U.S. Federal Reserve should target a policy rate in the range of 3.75% to 4% by the end of this year in light of this week’s hotter-than-expected inflation data,…
Fed’s Bullard favors 75 basis point hike in July over 100 for now – Nikkei
(Reuters) – St. Louis Federal Reserve President James Bullard would prefer to lift interest rates by 75 basis points at the central bank’s next meeting later this month, telling the Japanese news…
Baltimore Cop Is Key Figure in Outlaw Biker Gang’s Countywide Drug Trafficking Operation, Feds Say
BALTIMORE, MD – Police in Baltimore are working to dismantle an outlaw biker gang’s drug trade inside the city and surrounding communities. On Wednesday, the Baltimore County Police Department’s Vice Narcotics Section…
Explainer-Michael Barr faces long to-do list as the U.S. Fed’s next Wall Street cop
By Pete Schroeder WASHINGTON – An ambitious to-do list awaits Michael Barr, a former senior Treasury official who the U.S. Senate voted Wednesday to confirm to serve as the Federal Reserve’s Wall…
Fed’s Williams: After fast rate hikes this year, uncertainty over what’s next
MAYAGUEZ, Puerto Rico – The Federal Funds rate will need to rise as high as 3.5% by the end of the year but what follows after that is far less certain, New…
Fed’s Williams sees growth lagging below 1% in 2022
By Howard Schneider MAYAGUEZ, Puerto Rico – U.S. economic growth could fall below 1% this year and remain sluggish through 2023 as the Fed acts “resolutely” to curb inflation, New York Federal…
Fed’s Bullard: ‘good chance’ for a soft landing
(Reuters) – St. Louis Federal Reserve Bank President James Bullard on Thursday said he sees a “good chance” the central bank will engineer a soft landing for the economy, meaning that it…
Fed’s Bullard sees continued U.S. economic growth
(Reuters) – The U.S. economy is expected to continue to grow this year even as the Federal Reserve raises interest rates sharply to bring down unacceptably high inflation, St. Louis Fed President…
Fed’s Mester: Some risk longer-term inflation expectations continue to rise
By Lindsay Dunsmuir (Reuters) – There is risk in the United States that businesses and households could see price pressures persisting for a long time and central bankers must act resolutely to…
Fed’s Mester backs 75 bps hike in July if economic conditions remain same – CNBC
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 basis points (bps) hike in interest rates…
Fed’s Daly: growth will slow, but don’t expect economy to shrink
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the U.S. economy will slow to below 2% annual growth as the Fed raises interest rates, but…
Fed’s Daly: 75 bps rate hike likely needed in July
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said another 75 basis point interest rate hike in July is her “starting point,” though if the economy slows more…
Fed’s Daly: bringing down inflation is ‘number one priority’
(Reuters) – Bringing down inflation is the U.S. central bank’s “number one priority right now,” but raising interest rates to do so is unlikely to trigger a recession, San Francisco Federal Reserve…
Feds Search Former Trump DOJ Official’s Home Day Before J6 Committee Hearing
Feds Search Former Trump DOJ Official’s Home Day Before J6 Committee Hearing Gabe Kaminsky on June 23, 2022 Federal authorities conducted a search of the home of a former Trump administration U.S.…
Feds Charge 19 Defendants with Pandemic Fraud of over $24 Million
PHILADELPHIA – United States Attorney Jacqueline C. Romero, together with other federal law enforcement officials announced today charges against 19 defendants for defrauding federal programs funded by the CARES Act and designed…
Fed’s Evans: another big rate hike ‘reasonable’ for July
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he would likely back another big interest rate hike in July unless inflation data improves, saying the…
Fed’s Harker says interest rates should reach above 3%, then reassess
(Reuters) – The U.S. Federal Reserve should raise interest rates above 3% by the end of this year and then reassess how much more it needs to do to bring inflation down…
Fed’s Evans: will need to raise rates ‘a good deal more’
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he is with the core group at the U.S. central bank calling for continued rapid rate hikes to battle 40-year…
Fed’s Kashkari: ‘prudent’ to use 50 bps hikes after July
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said he supported the U.S. central bank’s 0.75 percentage point interest-rate hike this week and could support another similar-sized one in…
Fed’s George feared 75-basis-point rate hike added to ‘policy uncertainty’
(Reuters) – Kansas City Federal Reserve President Esther George on Friday said she dissented against the U.S. central bank’s three-quarters-of-a-percentage-point interest rate increase this week because she “viewed that move as adding…
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
(Reuters) – The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday,…
ECB rate rises will be more gradual than Fed’s, says Draghi
KYIV – The European Central Bank will inevitably raise interest rates more slowly than the U.S. Federal Reserve given the different economic circumstance in the euro zone, Italian Prime Minister Mario Draghi…
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