Ten of 12 Regional Fed Banks Vote for Flat Discount Rate
Fed officials noted “further improvement in economic activity” and expected growth would continue at a “moderate pace,” but expressed concern over global financial risks and uncertainty over the U.S. budget policy, according to minutes of disco...
Fed’s Lockhart Won’t Rule Out More QE
A Fed policy maker wouldn't rule out further quantitative easing by the U.S. central bank, citing a sharp rise in jobless or a big shock in confidence as potential triggers.
Secondary Sources: Jobs and States, Lawyers Without Licenses, Euro Zone Crisis
A roundup of economic news from around the Web.
Structural Unemployment Would Affect Both Sides of Fed Mandate
Over the past few months, Fed Chairman Bernanke and other Fed officials have wondered how many of the millions who lost their jobs during the Great Recession are morphing into structural unemployed. The discussion has policy implications.
Most States Still Years Away From Getting Back Lost Jobs
Most states are still more than two years away from returning to prerecession employment levels, according to a new analysis.
Fed’s Lockhart Sees Continued Accommodative Policy but No QE3
Given the modest economic progress in the U.S., the Fed should continue with its policy of monetary accommodation, said a top central banker on Monday.
Secondary Sources: U.S.-Europe Work Hours, War on Data, Factory Puzzle
A roundup of economic news from around the Web.
Q&A: Lessons on Central Banking From Bank of England’s Posen
Adam Posen spent much of his career analyzing the decisions of central bankers in advanced economies. In 2009, he became one.
Fed’s Idea of ‘Exceptionally Low’ Still Under Debate
For months, the Fed has said it expects to keep short-term interest rates at "exceptionally low levels" at least through late 2014. But what exactly that level is continues to be debated.
Jobless Rates Fall in Swing States
The unemployment rate fell in 37 states and Washington, D.C., last month, most notably in several swing states that will likely prove critical in the November election.
Secondary Sources: Greek Exit, Mortgage Mess, Inflation Targeting
A roundup of economic news from around the Web.
Vital Signs: Leading Indicators Slip
The Conference Board’s index of Leading Economic Indicators -- designed to show where the economy is headed in coming months -- slipped 0.1% in April, after rising 0.3% in March.
