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 Evans says policy “wrong-footed,” but may not need to be restrictive
By Howard Schneider NEW YORK – Current high inflation requires a “substantial repositioning” of Federal Reserve policy, but not so much that it will restrict the economy and wreck employment, Chicago Fed…
Fed’s messaging on pivot gets high marks from Wall Street
By Ann Saphir – Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to quell rising…
Fed’s Daly: Being too aggressive on rate hikes could be destabilizing
– Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is…
Fed’s Barkin: ‘I’d have to be convinced’ of need for half-point rate hike
By Ann Saphir -Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be “conceptually” open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does not see…
Fed’s loudest hawk ramps up odds for monster rate hike after hot inflation data
By Gertrude Chavez-Dreyfuss NEW YORK -Federal funds rate futures on Thursday have boosted the chances of a half percentage-point tightening by the Federal Reserve at next month’s meeting after hawkish comments from…
Fed’s Mester says case for half-percentage-point rate hike in March not compelling
By Jonnelle Marte -The Federal Reserve will have to move faster than it has in the past to remove accommodation and tame inflation that is well above target, but it may not…
Fed’s Mester says she doesn’t see compelling case to start with 50 bps rate hike
NEW YORK – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the central bank to launch its rate hike…
Fed’s Bowman: keeping ‘open mind’ on central bank digital currency
By Ann Saphir – Federal Reserve Governor Michelle Bowman said Wednesday said she is “trying to keep an open mind” about the usefulness of a U.S. central bank digital currency, the pros…
U.S. may be on ‘cusp’ of inflation slowdown, Fed’s Bostic tells CNBC
WASHINGTON – The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a slightly faster…
Fed’s Daly says U.S. inflation could get worse before it gets better
WASHINGTON -High U.S. inflation may get even higher before subsiding in the face of Federal Reserve action and as supply chain strains recede, San Francisco Federal Reserve Bank President Mary Daly said…
Fed’s Barkin says rates should move to pre-pandemic levels, then assess next steps
By Howard Schneider WASHINGTON – The U.S. Federal Reserve needs to begin raising interest rates but it is too soon to say how far or fast that process will need to go…
Raskin tells Senate it is not Fed’s job to prescribe bank lending
By Pete Schroeder WASHINGTON – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does not believe the role includes telling banks…
Fed’s Bullard sees three successive hikes to start policy tightening
By Ann Saphir and Howard Schneider -St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases at the…
Fed’s Bullard says unemployment rate can go below 3% this year
NEW YORK -St. Louis Federal Reserve Bank President James Bullard said he sees the unemployment rate falling below 3% this year, a jobless rate the U.S. economy last seen in the early…
Fed’s Bullard does not think a half-point rate hike ‘really helps us’ -Reuters interview
– St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he pushed back…
Fed’s Barkin says pace of U.S. rate hikes depends on inflation
By Ann Saphir – How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and,…
Fed’s George: aggressive balance sheet reduction may allow for fewer rate hikes
By Jonnelle Marte -The Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the U.S. central bank’s portfolio could allow it…
Fed’s matchmaker fear: Flatlining economy meets higher interest rates
By Howard Schneider WASHINGTON – The Federal Reserve plans to raise interest rates in March on the assumption the U.S. economy will largely steer clear of fallout from the Omicron variant of…
Fed’s Kashkari says rate hike ‘pause’ conceivable in spring
By Ann Saphir – The Fed will likely raise rates in March to tamp down on too-high inflation, Minneapolis Fed President Neel Kashkari said on Friday, but its actions after that will…
Feds charge man with selling gun used in synagogue hostage crisis
WASHINGTON -The U.S. Justice Department has filed criminal charges against a man for allegedly selling the gun that another man later used to take hostages at a synagogue in Colleyville, Texas. Henry…
Trump battled the Powell Fed’s rate hikes. Biden’s betting on them
By Ann Saphir – U.S. central bankers on Tuesday will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March,…
Feds Step-Up Focused Effort to Deter Violent Crime in Philadelphia
As Part of All Hands on Deck Initiative, U.S. Attorney’s Office Secures Indictments Against Delaware Man Accused in FDR Park Carjacking and Against Philadelphia Felon for Attempted Armed Robbery and Shooting of…
North County Property Owner Pleads Guilty to “Crack House” Indictment; Feds Force Sale and Forfeiture of Multi-Acre Compound
Assistant U.S. Attorneys Kevin Mokhtari (619) 546-8402 and David J. Rawls (619) 546-7966 NEWS RELEASE SUMMARY – January 4, 2021 SAN DIEGO – Sean T. Sheeter, the owner of a large residential compound…
Feds charge 11 in Newark fentanyl, crack cocaine distribution network
NEWARK, N.J. – Eleven people were charged today for their respective roles in a fentanyl and crack cocaine distribution organization that sold large quantities of controlled substances in the area of Brookdale…
50 years later, feds identify bank teller who made off with biggest bank heist in Ohio history
Cleveland, OH – On Friday July 11, 1969, Theodore John Conrad walked into his job at the Society National Bank at 127 Public Square in Cleveland as an ordinary bank teller. He walked…
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