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.…
SHEFFIELD: Fed’s Effort To Tame Inflation Is Too Little Too Late After Democrats’ Massive Spending Spree
SHEFFIELD: Fed’s Effort To Tame Inflation Is Too Little Too Late After Democrats’ Massive Spending Spree Carrie Sheffield on June 15, 2022 The Fed today announcing a three quarters percentage-point interest rate…
Feds May Demolish Historic Manchester Church Built to Commemorate Airship Crash Victims
LAKEHURST, NJ – The federal government has had enough of it. It is seeking to unload the historic Cathedral of the Air, a church built by members of the Toms River American…
Regulating crypto assets would protect ‘the rest of us’: Fed’s Waller
(Reuters) – Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher…
Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation
(Reuters) – The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation has moderated enough to slow the pace…
New York Fed’s Logan: Digital innovation could require change in central bank methods
By Howard Schneider NEW YORK – Innovations in digital payments and the potential adoption of a central bank digital currency could force central banks to overhaul how they conduct monetary policy, potentially…
Fed’s Bullard: high inflation ‘straining’ credibility
(Reuters) – Inflation at levels last seen in the 1970s and early 1980s is putting the U.S. central bank’s credibility at risk, St. Louis Federal Reserve Bank President James Bullard said on…
Fed’s Daly: let’s get U.S. interest rates to 2.5% as quickly as we can
(Reuters) – The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank’s next two…
Fed’s Williams: “Critical” central banks understand impact of digital money
By Howard Schneider NEW YORK – The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the…
Fed’s Waller: If inflation doesn’t go away, we need to raise rates a lot higher
(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. “If inflation doesn’t…
Fed’s George to retire in January, search for successor begins
(Reuters) – Federal Reserve Bank of Kansas City President Esther George will retire in January after 11 years as one of the U.S. central bank’s more hawkish policymakers, and a search for…
Fed’s George sees policy interest rate near 2% by August
(Reuters) – Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate to about 2% by August, with further…
Fed’s Daly says she does not expect a recession
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates to where…
Thailand has no need to follow Fed’s tightening -central bank chief
By Kitiphong Thaichareon and Orathai Sriring BANGKOK – Thailand has no need to raise interest rates following the Federal Reserve’s hikes in U.S. rates as domestic factors and the economic recovery will…
Fed’s Harker: soft landing possible, not forecasting recession
(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he believes the central bank can bring inflation down without sending the economy into a recession, in part because the…
Global supply stress worsened in April, NY Fed’s index shows
By Howard Schneider WASHINGTON – Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times, and air freight costs between…
Inflation views tilt the Fed’s way, a bit
(Reuters) – A week that included a bevy of still-ugly inflation numbers may also have marked a turn in market views of the Federal Reserve, as inflation expectations fell, bond yields moderated,…
Fed’s Mester: Need “several months” of inflation moving down to call the peak
WASHINGTON – Inflation will need to move lower for “several months” before the Federal Reserve officials can safely conclude it has peaked, Cleveland Fed president Loretta Mester said Friday, adding she would…
Fed’s Daly backs half-percentage-point rate hikes at next meetings
(Reuters) – San Francisco Federal Reserve President Mary Daly on Thursday said she backs the plan to hike interest rates laid out by Fed Chair Jerome Powell and would like to see…
Fed’s Bostic: Rising market yields show Fed retains credibility
JACKSONVILLE, Fla. – Risings interest rates on home mortgages, U.S. Treasury bonds and other key forms of credit show the Federal Reserve remains credible in its pledge to tame inflation, Atlanta Fed…
Fed’s Mester: Will need “compelling” drop of inflation to slow rate hikes
By Howard Schneider AMELIA ISLAND, Fla. – Inflation will need to show a “compelling” slowdown before the Federal Reserve can consider pausing its interest rate increases, Cleveland Federal Reserve President Loretta Mester…
Fed’s Waller says now is the time to ‘hit it’ on raising rates
(Reuters) – Federal Reserve Governor Christopher Waller said on Tuesday it is time to “hit it” on raising interest rates to deal with inflation that is too high and a labor market,…
Fed’s Mester: road ahead will be bumpy for economy in inflation fight
(Reuters) – The U.S. economy will experience turbulence from the Federal Reserve’s efforts to bring down inflation running at more than three times above its goal but policymakers must stay the course,…
Fed’s Williams: 50 bps interest rate hikes at next two meetings “makes sense”
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s signal that it will likely raise interest rates by 50 bps at each of its next two meetings in June and July is sensible,…
Fed’s Barkin says central bank can tweak path once its gets to neutral rate
(Reuters) – The U.S. Federal Reserve can assess how much more it needs to do to bring inflation back down to its 2% goal when it has raised borrowing costs to a…
Fed’s Williams: ‘soft landing’ would still see unemployment rate rise
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s efforts to tame inflation will at best still see declining economic growth and a small rise in the unemployment rate for a period, New…
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