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The president of the Federal Reserve Bank of Cleveland, Loretta Mester, predicts it could take another year or two to get inflation under control after it rose to 9.1% in June.
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Sen. Joe Manchin says he opposes the nomination of Sarah Bloom Raskin to a key position on the Federal Reserve’s Board of Governors. The West Virginia Democrat's stance endangers Raskin's prospects of winning Senate confirmation.
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A Carnegie Mellon University professor has proposed that the Federal Reserve consider environmental risks in setting interest rates. Critics say the Fed should not be involved in managing such risks, and question how a “green” interest rate would affect jobs.
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Pittsburgh macroeconomist Marvin Goodfriend is still awaiting official Senate confirmation this week to help lead the nation's central banking…
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Federal Reserve board nominee Marvin Goodfriend said Tuesday he supports the Fed's political independence and its dual goals of achieving stable prices…
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Some state lawmakers are trying to get restitution for what they see as bad U.S. Federal Reserve policies during the recovery of the housing market.The…
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The monthly jobs report fell short of expectations, both in terms of job growth and the unemployment rate. Economists had anticipated 180,000 new jobs and a slight drop in unemployment.
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In an era when big banks are mired in complex and often risky investment schemes, could the reinstatement of a Great Depression era financial law help…