Posts Tagged ‘Federal Reserve’

ALAN TURNER: Dennis Lockhart gives reason for optimism, with a couple of caveats

by Published: October 2,2014

Tags: Business, Federal Reserve, Mississippi

R ecently, we had the opportunity to meet with Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, and one of the influential policy makers in terms of fiscal policy.  Dennis took office in the sprint of 2007, and had just enough time to get settled in the job before […] [...]

Regions increases dividend, authorizes repurchase program

BIRMINGHAM, Ala. — The Regions Financial Corporation (NYSE:RF) board of directors has declared a quarterly cash dividend of $0.05 per common share and authorized an equity repurchase program for up to $350 million of the company’s common stock. Both actions were previously announced on March 26 following the Federal Reserve’s indication to Regions that it […] [...]

Federal Reserve gives nod to Regions’ capital plan

BIRMINGHAM, Ala. — The Federal Reserve has indicated to Regions Financial Corporation that it does not object to the company’s capital plan and proposed capital actions covering the period from April 1, 2014, to March 31, 2015. The capital plan was submitted to the Federal Reserve on Jan. 6, as part of the Comprehensive Capital […] [...]

Swipe-fee ruling means merchants could pay less for debit card transactions

The Federal Reserve’s Board of Governors erred in letting swipe fees that banks charge retailers for each debit card transaction go as high as 21 cents a transaction, a federal court recently ruled. The ruling by the U.S. District Court in Washington drew the predicable applause from groups such as the National Retail Federation and […] [...]

Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 […] [...]

Fed districts report ‘modest’, ‘subdued’ economic activity for Mississippi regions

by Published: September 25,2011

Tags: economy, Federal Reserve

Overall lending at a sample of large banks increased modestly through August within the Federal Reserve’s St. Louis District, which includes northern Mississippi, reports the Fed’s Beige Book, a tracking of economic activity released by each of the 12 Fed district s on Sept. 7. The new report details economic activity for the three-month period […] [...]

Fed releases details on banks that took loans

ACROSS MISSISSIPPI — Three banks in Mississippi got millions of dollars from a Federal Reserve short-term loan program aimed at stabilizing financial markets. The Fed began pumping trillions of dollars into the financial system last year through an array of short-term lending programs. The central bank intensified its efforts after the crisis worsened with the […] [...]

Bernanke issues warning to China

by Published: November 19,2010

Tags: Federal Reserve

WASHINGTON — Federal Reserve Chairman Ben Bernanke issued a stern warning to China, saying that it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low. The Fed chief made the remarks Friday during his speech to a conference at the European Central Bank in Frankfurt, Germany. “Insufficiently […] [...]

Fed survey points to uneven growth across US

by Published: October 21,2010

Tags: Federal Reserve

WASHINGTON — The U.S. economy grew unevenly in early fall, with more than half the regions of the country expanding modestly while others struggled to grow. A survey by the Federal Reserve released Wednesday found that seven of the Fed’s 12 regions reported moderate improvements in business activity. Three regions – Philadelphia, Richmond and Cleveland […] [...]

Fed plan for short-term fix brings long-term risks

by Published: October 15,2010

Tags: economy, Fed, Federal Reserve, Treasury

WASHINGTON – Federal Reserve Chairman Ben Bernanke is balancing a short-term fix for the economy with a long-term gamble: His plan to buy Treasury bonds to fight high unemployment and super-low inflation now could ignite inflation later. But Bernanke is signaling that doing nothing would pose the biggest risk of all. The Fed chief on […] [...]

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