NORTH MISSISSIPPI — Federal Reserve Bank of St. Louis president James Bullard recently discussed his new research paper, titled “Death of a Theory,” with members of various financial institutions and local business leaders at the Edward Jones Annual Meeting. Bullard discussed business cycle stabilization using fiscal rather than monetary policy. The former attempts to react [...] [...]
WASHINGTON — Federal Reserve policymakers are wrestling with what additional steps — if any — should be taken to strengthen the plodding economy and drive down near double-digit unemployment. Lots of lively debate is expected at today’s meeting. But few expect any major programs to be unveiled. Instead, many will be looking to see if [...] [...]
TOKYO — The new president of Hitachi Ltd. urged the government to tackle the strong yen, which is squeezing business as he seeks to transform one of Japan’s biggest companies. Five months into the job, Hiroaki Nakanishi described the Japanese currency, which hit a fresh 15-year high of 83.32 yen to the dollar last week, [...] [...]
TOKYO — Facing a surging yen and mounting calls for action, Japan may finally decide that it can’t afford to let its currency keep climbing. Today brought growing expectations that Japan’s monetary authorities would do something to stem the yen’s rise after it hit a fresh 15-year high against the dollar the day before. New [...] [...]
WASHINGTON — Confidence is growing that the economic rebound will strengthen. And to make sure it does, the Federal Reserve is considered certain to hold interest rates at record lows when it meets this week. Fed Chairman Ben Bernanke and his colleagues open a two-day meeting today at a time when the economic outlook has [...] [...]
In remarks April 15 to the 19th Annual Hyman P. Minsky Conference, St. Louis Fed president James Bullard assessed the state of the regulatory reform debate. In his presentation, “Containing Risk in the New Global Financial Landscape,” Bullard said, “As the nation’s lender of last resort, the Fed will be at the center of managing [...] [...]
SHANGHAI, China — For months, economists have expected Beijing to start boosting the value of its currency about now to ease strains in its fast-growing economy. The big question: Would Chinese leaders put off changes to avoid looking weak in the face of mounting U.S. pressure for action? Washington has helped to defuse that conflict [...] [...]
JACKSON — Patrick K. Barron isn’t an odds maker or a betting man, but as first vice president and COO of the Federal Reserve Bank of Atlanta, he’ll wager that the American economy will recover from its prolonged slump. In an exclusive interview with the Mississippi Business Journal, Barron expressed optimism regarding the performance of [...] [...]
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