It’s becoming increasingly clear why Federal Reserve Chairman Ben S. Bernanke should have avoided linking the central bank’s policy decisions to specific unemployment rates.
Federal Reserve Bank of New York President William C. Dudley said policy makers must “forcefully” push against economic headwinds as the U.S. has yet to show “any meaningful pickup” in momentum.
It’s almost 6 p.m. on a Friday and the tables near the bar at The Hamilton in downtown Washington are getting crowded. That means waitress Victoria Honard is busy.
Job openings in the U.S. fell in July to the lowest level in six months, signaling uneven progress in employment.
Consumer confidence in the U.S. declined in September to the lowest level since April, indicating household spending may take time to pick up.
Confidence among American consumers stabilized last week after four straight declines even as their views of the economy deteriorated.
The following is the text of the Federal Reserve Board’s Fourth District-- Cleveland.
Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
Retail sales probably rose at a faster pace in August as Americans bought more cars and trucks, a sign spending will help sustain economic growth in the second half of the year, economists said before a report this week.
The following is the text of the Federal Reserve Board’s Ninth District-- Minneapolis.
Friedman says Job Openings Signal Strength