Federal Reserve - NewBostonPost

European Union

Fed holds rates steady as jobs slump, ‘Brexit’ looms

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it foresees an exceedingly slow pace of interest rate hikes — and is in no hurry to resume them. In explaining its decision to keep interest rates unchanged, the Fed expressed concern about a recent slump in U.S. job growth and about

Elizabeth Warren

Warren calls for diversity in Federal Reserve leadership

WASHINGTON – The latest crusade in the name of diversity commenced on Thursday, this time aimed squarely at the makeup of the Federal Reserve's leadership and spearheaded in part by Elizabeth Warren, the senior U.S. senator from Massachusetts. The Cambridge Democrat recently linked up with fellow Democrat, Michigan

Federal Reserve

Federal regulators: Living wills submitted by 5 big banks ‘not credible’

(CNSNews.com) – Banking regulators at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) warned five of the nation's eight largest banks last week that their "living wills" are "not credible." A "living will" – a bank's plan to wind

Federal Reserve

Fed rate hike likely to push up consumer credit costs

WASHINGTON (AP) — The Federal Reserve's interest rate "liftoff" Wednesday probably will nudge consumer credit costs higher, making carrying a balance on a home equity loan or credit card more expensive. But it isn't likely to push up long-term mortgage rates or even the cost