Tag: Federal Reserve Bank

November 9, 2022

Central banks are mainly responsible for maintaining inflation in the interest of sustainable economic growth while contributing to the overall stability of the financial system. When central banks deem it necessary they will intervene in financial markets in line with […]

May 16, 2022

The Fed’s cash diary survey is conducted annually to collect data on U.S. consumer shopping and payment behaviors, with supplemental surveys added in the past two years to chart the impact of the COVID-19 pandemic. The report issued this month […]

March 30, 2022

I have been writing for years about how progressive policies championed by the Democratic Party and served up under the guise of caring about low-income Americans wind up hurting these very communities. The latest chapter in this saga is the […]

December 7, 2021

How would you feel about Congress snatching away your credit card or preventing you from participating in credit card reward programs? Don’t laugh. Left-wing groups in Washington are declaring that the plastic card in your wallet is the financial villain […]

October 27, 2020

Why is the stock market so high? I get asked this riddle every day. The standard answers we hear these days are that the market is anticipating another $2 trillion Donald Trump-Nancy Pelosi stimulus bill (either before or right after […]

November 21, 2019

The country’s $1.5 trillion in student loan debt can weigh heavily on some borrowers, sidetracking plans for home ownership and stunting careers while they pay off loans. That debt is especially burdensome for black borrowers, according to new data from […]

April 25, 2019

All of a sudden, President Donald Trump’s economy is looking more like a miracle than a mirage. A U.S. government report Friday is expected to show that gross domestic product, or GDP — the most basic gauge of economic output […]

May 14, 2018

The U.S. should keep its debt-to-GDP (gross domestic product) in mind before things “get out of hand,” Federal Reserve Bank of Cleveland President Loretta Mester said Monday. Asked by CNBC’s Joumanna Bercetche if she was worried about the outlook for […]

March 14, 2018

The Federal Reserve and other U.S. bank regulators have spent the past decade trying to shore up financial-industry rules to protect taxpayers from having to bail out big Wall Street firms. Despite those efforts, a new study by researchers at […]

February 21, 2018

Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he still thinks just two interest-rate hikes this year is “likely appropriate,” but signaled he is open to more if needed. “Based on the relatively strong economy, but the continued […]

November 9, 2017

A gradual increase in interest rates is the best way to deal with inflation and support the U.S. economy, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC Thursday. “I think a gradual path is […]

December 23, 2016

During the holidays, it’s comforting to know that U.S. consumers really, truly believe. If not in Santa Claus, at least in their ability to pay for the Christmas presents and other items charged on their credit cards. Americans now owe […]