Fed Archive

Bank of America CEO Brian Moynihan cannot wait for the Fed to hike rates

Bank of America CEO Brian Moynihan is looking forward to December. He’s not necessarily expecting an extravagant gift. But, if Federal Reserve Board of Governors Chairwoman Janet Yellen is making a list, what he wants is a rate hike. In an interview with Bloomberg Television’s David Westin on Tuesday November 10, Moynihan was asked what [&hellip

Read More…

The Fed: Fed’s Brainard joins the doves

Federal Reserve governor Lael Brainard stepped out of the shadow of Fed Chairwoman Janet Yellen Monday and urged the central bank not to hike rates prematurely. In a speech at the National Association for Business Economics, Brainard said that the risks to the U.S. economy are now to the downside and that it is important [&hellip

Read More…

Fed should not raise interest rates just yet: China Finmin

Source photo Now is not the right time for the United States to raise interest rates, given the global economic situation, China’s Finance Minister Lou Jiwei said in an interview published in the China Business News on Monday. Speaking on the sidelines of the annual meeting of the World Bank and International Monetary Fund in [&hellip

Read More…

3 steps to help prepare for the Fed’s next move

Following September’s policy meeting, the Federal Reserve reiterated intentions to raise interest rates by the end of the year. The fed funds rate has been near zero percent since late 2008, in response to the worst recession since the 1930s and the resulting aftermath. In the near term, there is uncertainty as to how fast, [&hellip

Read More…