Joshua Zumbrun

Joshua Zumbrun News

• 

  Ebbing Deficit Likely to Keep Rates Low When Fed Tapers

  Updated 19 minutes ago

  Federal Reserve policy makers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing. A shrinking federal budget deficit is likely to help them meet that goal.

• Bank of Montreal’s U.S. Unit Cited by Fed on Risk

  The Federal Reserve announced an enforcement action against Bank of Montreal, Canada’s fourth- largest lender by assets, for “deficiencies” in compliance with anti-money laundering and Bank Secrecy Act rules and regulations.

• Raskin Says Inequality, Cutbacks May Curb Growth for Years

  Federal Reserve Governor Sarah Bloom Raskin said income inequality and government cutbacks may slow economic growth for years.

• Fed’s Plosser Says QE Should End This Year as Jobless Rate Falls

  Federal Reserve Bank of Philadelphia President Charles Plosser said his forecast for a falling unemployment rate would warrant ending the central bank’s bond purchases this year.

• 

  The Question the Fed Should Be Asking

  Ed Koch, the late mayor of New York City, used to stop residents on the street and ask, “How am I doing?”

• 

  Fed Says U.S. Household Debt Declined to 2006 Level

  U.S. households reduced debt during the first quarter by 1 percent to the lowest level since 2006, resuming a deleveraging trend in the wake of the financial crisis, according to the Federal Reserve Bank of New York.

• New York Fed Says Tight Credit Restrains Small Business Growth

  The Federal Reserve Bank of New York said tight credit restrained the growth plans of many small businesses in 2012, citing a survey of lending in its district conducted in March and April.

• Plosser Says He Would Favor Tapering QE at June FOMC Meeting

  Federal Reserve Bank of Philadelphia President Charles Plosser said unemployment will probably fall to 7 percent at the end of 2013 and he would favor reducing the Fed’s $85 billion monthly pace of bond purchases next month.

• Fed’s Lacker Says Living Wills Best Hope Against Bailouts

  Federal Reserve Bank of Richmond President Jeffrey Lacker said broker-dealer units of banks should have higher capital requirements than deposit-funded subsidiaries because the financial crisis demonstrated the risks that stem from a reliance on markets for financing.

• Fed’s Plosser Says Dodd-Frank Won’t Curb Too-Big-to-Fail Risks

  Federal Reserve Bank of Philadelphia President Charles Plosser said the Dodd-Frank Act may not curb too-big-to-fail banks, and the current mechanism for unwinding failing financial companies may lead to taxpayer bailouts.

Related Topics

• 

  New York

• 

  Charles Plosser

• 

  Connecticut

• 

  Washington

Most Popular on Bloomberg

• S&P 500 Slips From Record as Yen Rebounds; Gold Advances

• U.S. Stocks Decline as Investors Weigh Stimulus Timing

• Yen Jumps Most in Three Weeks on Government Concern; Rand Slides

• Natural Gas Climbs to Three-Week High on Outlook for Hot Weather

• Tumblr’s 26-Year-Old CEO Cashes In on $1.1 Billion Deal

Joshua Zumbrun Videos

Audio

• Mann, Zumbrun on Fed’s Beige Book, Monetary Policy

• Bernanke Empowered: Bloomberg Markets Magazine