Search results
Results from the WOW.Com Content Network
Austan Goolsbee is the current president of the Chicago Fed. He took office on January 9, 2023, as the tenth president and chief executive officer of the Federal Reserve Bank of Chicago. [4] [5] Ellen Bromagen is first vice president and chief operating officer of the Chicago Fed. [6] Anna Paulson is Executive Vice President and Director of ...
The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%.
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling inflation has not changed despite hotter ...
At the same time, the Fed operates a discount window in which it lends funds to banks at the discount rate (a third administered rate), which puts a ceiling on the federal funds rate, as banks are unlikely to borrow elsewhere at a higher interest rate than the discount rate. Open-market operations are no longer used to steer the FR, but still ...
WASHINGTON (Reuters) -Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors on ...
Each report is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in its district from "Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources." [3] It is called the Beige Book because its cover is colored beige.
“The Fed’s narrative is going to be very similar to what we’ve been hearing: ‘We’ve made progress bringing down inflation; we’re not in a hurry to cut rates,’ ” said Nathan Sheets ...