Federal Reserve Bank of Boston President Eric Rosengren said big international banks with broker-dealer operations pose risks to financial stability, and regulators need to ensure the firms hold sufficient capital.
Federal Reserve Bank of Boston President Eric Rosengren, a consistent backer of bond buying by the Fed, said the central bank should press on with the easing program until the labor market gains strength.
Three Federal Reserve officials who vote on policy this year signaled the Fed may press on with easing for some time to reduce the jobless rate and push up inflation toward the central bank’s 2 percent target.
South Korean bonds fell for a fourth day, pushing the 2016 yield to a three-week high, as foreigners sold the nation’s assets amid concern the U.S. will cut stimulus that’s buoyed emerging markets. The won rose.
Treasury 10-year notes fell for the fourth time in five days as the U.S. services sector grew faster than forecast last month, underpinning speculation the Federal Reserve may move up the timing of asset-purchase cuts.
Federal Reserve Bank of San Francisco President John Williams said economic growth in recent months has fallen short of his expectations, partially eroding his confidence gains in the labor market will endure without monetary stimulus.