Page 64 - Us Federal Reserve
Janet Yellen ending Trump dollar tumult promises cheers in markets
Yellen is seen returning clarity on the U.S. strong-dollar policy, stabilizing the $6.6-trillion-a-day currency market that's the backbone of global finance and commerce
 "Janet Yellen ending Trump dollar tumult promises cheers in markets")
President-elect Joe Biden taps ex-Fed chair Janet Yellen to lead treasury
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789
 "President-elect Joe Biden taps ex-Fed chair Janet Yellen to lead treasury")
US Federal Reserve to return unused emergency lending funds to Treasury
US Federal Reserve Chairman Jerome Powell said that the central bank will return unused funds of the emergency Covid-19 lending facilities to the Treasury Department
 "US Federal Reserve to return unused emergency lending funds to Treasury")
Mnuchin's Fed funding clawback will not 'hamstring' new administration
Mnuchin told Fed Chair Powell in a letter that the $455 bn allocated to Treasury under the CARES Act last spring should be available for Congress to reallocate
 "Mnuchin's Fed funding clawback will not 'hamstring' new administration")
Mnuchin halts Fed's emergency lending programs, limiting Biden amid Covid
The Treasury Department asked the Federal Reserve to return unused funds, downsizing the next secretary's ability to restart the economic support
 "Mnuchin halts Fed's emergency lending programs, limiting Biden amid Covid")
US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan
Dallas Federal Reserve Bank President Robert Kaplan said the economy could shrink this quarter as consumers in more states and cities pull back from economic activity amid the record coronavirus surge
 "US economy could shrink as coronavirus surges: Fed Reserve Bank Prez Kaplan")
Asia stocks ease from highs, bonds count on US Fed Reserve support
Japan reported record news cases as Tokyo raised its pandemic alert to the highest level, shoving the Nikkei down 0.8% and away from a 29-year closing top
 "Asia stocks ease from highs, bonds count on US Fed Reserve support")
US Senate blocks confirmation of Donald Trump's Federal Reserve nominee
Trump's Republican Party has a 53-47 majority in the current Senate, but several Republicans opposed Shelton's nomination and two were absent due to exposure to Covid-19
 "US Senate blocks confirmation of Donald Trump's Federal Reserve nominee")
Trump nominee Shelton's path to Federal Reserve narrows as virus spreads
The Fed has aggressively eased monetary policy using measures Shelton previously called "extreme" to cushion the downturn caused by coronavirus crisis and its economic fallout
 "Trump nominee Shelton's path to Federal Reserve narrows as virus spreads")
Economy still needs fiscal, monetary support: Federal Reserve's Powell
The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said
 "Economy still needs fiscal, monetary support: Federal Reserve's Powell")
Donald Trump's final Federal Reserve picks may get Senate nod next week
Senate votes on Trump's former economic adviser Judy Shelton and St. Louis Fed research director Christopher Waller could take place as early as next week
Indices rally for 5th straight day, Sensex up 553 pts; RIL, financials gain
All that happened in the markets today
 "Indices rally for 5th straight day, Sensex up 553 pts; RIL, financials gain")
Fed holds policy steady as US Presidential election hangs in balance
Results from Tuesday's presidential vote were still being tabulated in a few key states, though Democratic nominee Joe Biden was near the number of electoral votes needed to win the White House
Amid US election uncertainty, the Fed is likely to lay low this week
The Federal Reserve is scheduled to release its latest policy statement after two days of debate in which policymakers lacked a critical piece of information: who will run the US for next four years
 "Amid US election uncertainty, the Fed is likely to lay low this week")
US economy's rebound sets up test of US Federal Reserve's new pledge
The US economy probably grew by more than 30% on an annualized basis last quarter, economists say, making up most of the 31.4% drop in the second quarter
Fed's Powell: Important for US to get digital currency right than be first
Powell said it is vital the Fed assess what impact a CBDC might have on a range of critical issues
The new orthodoxy
Developed countries may be permanently ending austerity
Recovery will be grinding and slow without more stimulus: Fed's Kashkari
Thousands more businesses could fail if they do not get more support, a trend that can also hurt property owners and lenders, Kashkari added
 "Recovery will be grinding and slow without more stimulus: Fed's Kashkari")
7 central banks sketch out digital currency as China forges ahead
Look to catch up with China's 'trailblazing', Facebook's Libra
 "7 central banks sketch out digital currency as China forges ahead")
Inflation targeting is a stupid policy
In trying to increase by a fairly random amount an index of prices that they largely can't control, central banks couldn't have done much more harm
 "Inflation targeting is a stupid policy")
