Posts filtered by tags: Federal Reserve[x]


 

Financial market 'pause party' makes Fed rate cut less likely

Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowest-grade corporate bonds with only a smidgen of extra compensation for the added risk.
Tags: businessNews


Essential financial life skills for 21st-century Americans

Americans are swimming in increasingly higher amounts of debt, even the upper middle class.For many, this burden can be alleviated by becoming familiar with some straightforward financial concepts.Here's some essential financial life skills needed to ensure your economic wellbeing. None When it comes to Americans' finances, the statistics paint a pretty grim picture. According to Northwestern Mutual's 2018 Planning & Progress Study, Americans are facing greater challenges than ever when it comes...
Tags: Investment, Money, Success, Debt, Finance


Woman who claimed affair with Cain calls on him to drop from Fed consideration

A woman who claimed in 2011 that she carried on a years-long affair with Herman Cain called on him Thursday to withdraw from consideration for a Federal Reserve board seat.
Tags: Cnn, Federal Reserve, Fed, Cain, Herman Cain


Report: Herman Cain won't withdraw from running for Federal Reserve, even though he lacks votes

The former Republican presidential candidate says he intends to keep a promise he made to President Donald Trump to serve on central bank's board.            [Author: USA TODAY]
Tags: Usa, News, Federal Reserve, Usa Today, Donald Trump, Herman Cain


Herman Cain says he's 'very committed' to potential Fed nomination

Herman Cain will not remove himself from consideration for a seat on the Federal Reserve board, he told the Wall Street Journal in an interview published Wednesday.
Tags: Cnn, Federal Reserve, Wall Street Journal, Fed, Herman Cain


U.S. labor market remains tight, economy continues to grow: Fed Beige Book

Labor markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly, the Federal Reserve said on Wednesday in its latest report on the economy.
Tags: Money, businessNews, United States, Federal Reserve


Fed survey finds economy expanding at moderate pace

WASHINGTON (AP) — The Federal Reserve says the economy was expanding at a “slight-to-moderate pace” in March and early April, with some regions seeing signs of strengthening after a winter slowdown. In its latest report on economic conditions around the country, the Fed says that the reports on manufacturing were favorable, although some business contracts […]
Tags: Business, News, Washington, Ap, Federal Reserve, Fed


Fed's Harker sees 'sound' economy, forecasts future rate hike

The U.S. economy could still deliver "sound" growth and warrant a single rate hike "at most" this year, a Federal Reserve policymaker said on Wednesday.
Tags: Money, businessNews, Federal Reserve, Fed, Harker


Trump adviser compared Trump's proposal to Nazi Germany

President Donald Trump's pick to serve on the Federal Reserve, Stephen Moore, once criticized Trump's positions on immigration, calling them "crazy" and "dangerous."
Tags: News, Germany, Stories, Nazi, Federal Reserve, Donald Trump, Trump, Stephen Moore


WH Starts Casting About For New Fed Candidates With Less Baggage

As soon as Republican support became less than guaranteed, the White House quietly began casting about for Federal Reserve Board nominees with less baggage than current likely picks Stephen Moore and Herman Cain. But, according to a Tuesday Bloomberg report, National Economic Council director Larry Kudlow said that at least for Cain, he’ll personally have to make the final decision about whether or not to exit the confirmation process. “We are talking to a number of candidates,” Kudlow said. ...
Tags: News, White House, Bloomberg, Federal Reserve, Irs, Moore, Cain, Herman Cain, Stephen Moore, Federal Reserve Board, National Economic Council, Larry Kudlow, Kudlow, Kate Riga, WH Starts Casting About For New Fed


Larry Kudlow: White House still talking to backup Fed candidates

Top White House economic adviser Larry Kudlow said Tuesday that "we're talking to a number of candidates" for two open seats on the Federal Reserve board, even though President Donald Trump's two named picks are still in the vetting process.
Tags: Top, White House, Cnn, Federal Reserve, Donald Trump, Fed, Larry Kudlow


US industrial production slipped 0.1% in March

WASHINGTON (AP) — U.S. industrial production fell in March, pulled down by a drop in mining output. Factory output remained weak amid a slowing global economy and trade tensions with China. The Federal Reserve says industrial output — combining production at factories, utilities and mines — slipped 0.1% in March from the previous month. The […]
Tags: Business, News, Washington, China, US, Ap, Nation, Federal Reserve


Stephen Moore once slammed Trump's 'dangerous' immigration position, Larry Kudlow compared it to worst parts of World War II

President Donald Trump's pick to serve on the Federal Reserve Stephen Moore once criticized Trump's positions on immigration, describing them as "extreme nativist" and calling them "crazy" and "dangerous."
Tags: Cnn, Federal Reserve, Donald Trump, Trump, Stephen Moore, Larry Kudlow


Mnuchin says Fed independence is important globally

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed. Mnuchin was asked about Trump’s tweet Sunday that if the Fed had done its job properly, the stock market would be 5,000 to 10,000 points […]
Tags: Business, News, Washington, Ap, Nation, Treasury, Federal Reserve, Donald Trump, Trump, Fed, Mnuchin, Steven Mnuchin


Trump renews Federal Reserve attacks amid controversy over his two picks

President Donald Trump renewed his attacks on the Federal Reserve on Sunday, airing his frustration with the central bank.
Tags: Cnn, Federal Reserve, Donald Trump, Trump


RPT-Wall St Week Ahead-Industrials' gains put to test as earnings ramp up

Investors betting on industrial stocks this year have been rewarded, with the group among the best-performing sectors so far, but that strength will be tested in the coming weeks as companies report results. Industrials have outperformed the broader market this year, thanks in part to optimism that the United States may soon have a trade deal with China, as well as expectations the Federal Reserve will not raise interest rates again any time soon. The S&P 500 industrials index is up more than ...
Tags: News, China, United States, Federal Reserve


As Trump pressures Powell, Wall Street gives Fed a passing grade

As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes.
Tags: Money, Wall Street, businessNews, Federal Reserve, Donald Trump, Fed, Powell Wall Street


Trump rails at Fed claiming it stifled growth through ‘killer’ policies as he pushes unorthodox nominations

Donald Trump has railed at the Federal Reserve for "killer" policies he says have stifled economic growth, as he seeks the confirmation of two unusual nominees to that financial board.Mr Trump claimed that the stock market would be up "5,000 to 10,000" points, and that gross domestic product growth would be a full percentage point higher without inflation, if only the US had taken a different financial approach."If the Fed had done its job properly, which it has not, the Stock Market would have ...
Tags: News, US, Federal Reserve, Stock Market, Donald Trump, Trump, Fed, Donald J Trump


A look at President Trump’s potential Federal Reserve nominations

What factors played a role in his picks?
Tags: Federal Reserve, Trump


Trump stands by controversial Fed pick Herman Cain

President Trump is standing by Herman Cain, his pick for a seat on the Federal Reserve board, despite growing concerns among Senate Republicans over the controversial choice. CNN's Athena Jones reports.
Tags: News, Senate, Cnn, Stories, Federal Reserve, Trump, Fed, Herman Cain, Athena Jones


Warren slams Moore as 'unqualified and unsuited' for Fed seat

Sen. Elizabeth Warren is slamming President Donald Trump's Federal Reserve pick Stephen Moore as "unqualified and unsuited" for the role.
Tags: Cnn, Federal Reserve, Donald Trump, Fed, Moore, Sen Elizabeth Warren, Stephen Moore


Fed Officials’ Veiled Advice to Cain, Moore: Better Bring Facts

Federal Reserve officials, in their polite and coded way, have a veiled warning for the political loyalists that President Donald Trump is trying to insert into their ranks: We don’t do flimsy economics. Trump wants to nominate conservative economist Stephen Moore and former pizza company executive Herman Cain -- whose bid for the 2012 Republican presidential nomination ended amid accusations of sexual harassment and infidelity -- to the seven-member Fed Board in Washington. Both are staunch T...
Tags: News, Federal Reserve, Donald Trump, Trump, Fed, Herman Cain, Stephen Moore, Fed Board, Washington Both, Cain Moore


Report: Herman Cain To Withdraw His Name From Federal Reserve Board

Well, that didn’t last long. Herman Cain will take his name out of the running for the Federal Reserve Board, according to ABC News. Per ABC, an “administration official” and a “source familiar with the matter” say that the ex-pizza mogul is expected to announce his decision sometime within the next several days. The news comes after multiple Republican senators, including Sens. Kevin Kramer (R-ND) and Mitt Romney (R-UT), said they’d refuse to confirm Cain if President Donald Trump did tap hi...
Tags: News, Washington Post, Mitt Romney, Federal Reserve, Donald Trump, Kramer, Bloomberg News, UT, Cain, Herman Cain, Federal Reserve Board, Cristina Cabrera, ABC News Per ABC, Sens Kevin Kramer R ND


McConnell won’t say if Senate would back Herman Cain for Fed

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell declined to say Thursday whether he thinks his chamber would confirm Herman Cain to join the Federal Reserve board, casting doubt on the former Republican presidential candidate’s prospects should President Donald Trump advance him for the post. Asked if a Cain nomination would face problems, McConnell, R-Ky., […]
Tags: Business, News, Washington, Senate, Ap, Nation, Mitch McConnell, Federal Reserve, Donald Trump, Fed, Cain, McConnell, Herman Cain, McConnell R Ky


McConnell mum on Senate support for Herman Cain for Fed

Senate Majority Leader Mitch McConnell isn't saying whether he thinks his chamber would confirm Herman Cain to join the Federal Reserve board, casting doubt on the former Republican presidential candidate's prospects should President Donald Trump advance him for the post.
Tags: Finance, Senate, Article, Mitch McConnell, Associated Press, Federal Reserve, Donald Trump, Fed, McConnell, FBN, Herman Cain, Alan Fram, Fbn/markets, Fox-business/markets, Fox-business/industries, Fox-business/features


White House's Kudlow supports Fed's Powell and Cain nomination

White House economic adviser Larry Kudlow said on Thursday he has confidence in Federal Reserve Chairman Jerome Powell but that President Donald Trump intends to proceed with plans to name a controversial partisan to the U.S. central bank's board of governors.
Tags: Money, White House, businessNews, Federal Reserve, Donald Trump, Fed, Powell, Cain, Jerome Powell, Larry Kudlow, Kudlow


Cain's Fed chances in peril as fourth Republican opposes Trump pick

U.S. President Donald Trump's expected nomination of former pizza chain executive Herman Cain to the Federal Reserve appeared in jeopardy on Thursday after a fourth Republican senator voiced opposition, possibly denying Cain the support needed to be confirmed in the post.
Tags: Money, businessNews, Federal Reserve, Donald Trump, Trump, Fed, Cain, Herman Cain


Moore defends qualifications for Fed, says bank 'can be divorced from politics'

President Donald Trump's embattled nominee for the Federal Reserve board, Stephen Moore, defended himself Thursday against accusations that he's unqualified for the role and asserted that the central bank can be "divorced from politics."
Tags: Cnn, Federal Reserve, Donald Trump, Fed, Moore, Stephen Moore


White House's Kudlow voices support for Fed's Powell, Herman Cain nomination

White House economic adviser Larry Kudlow said on Thursday he has confidence in Federal Reserve Chairman Jerome Powell but that President Donald Trump intends to proceed with plans to name a controversial partisan to the U.S. central bank's board of governors.
Tags: Money, White House, businessNews, Federal Reserve, Donald Trump, Fed, Jerome Powell, Larry Kudlow, Kudlow, Powell Herman Cain


McConnell won’t say if Senate would back Herman Cain for Fed

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell is declining to say whether he thinks the Senate would confirm Herman Cain to the Federal Reserve’s board. When McConnell was asked whether a Cain nomination would face trouble, he noted that successful nominees must pass background checks and have a likelihood of confirmation. Cain’s a former […]
Tags: Business, News, Washington, Senate, Ap, Nation, Mitch McConnell, Federal Reserve, Fed, Cain, McConnell, Herman Cain