Correspondent, Chicago
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Mar 15, 2014
Mar 15, 2014
Mar 15, 2014
Mar 15, 2014
Mar 15, 2014

Fed nominee Fischer: policy decisions are best made early

PALO ALTO, California (Reuters) – Stanley Fischer, U.S. President Barack Obama’s pick for the No. 2 job at the Federal Reserve, said on Friday that decades of crisis-fighting have taught him the importance of making policy decisions quickly, even before all relevant data is in hand.

“We tend to underestimate the lags in receiving information and the lags with which policy decisions affect the economy,” he said in remarks prepared for delivery to the Stanford Institute on Economic Policy.

Mar 14, 2014

Fed sent $79.6 billion profit to U.S. Treasury last year

March 14 (Reuters) – The Federal Reserve pumped $79.6
billion into the U.S. Treasury last year, audited results showed
on Friday, a big payday for the government thanks to the central
bank’s massive bond-buying program.

The income derived largely from $90.4 billion in interest on
Treasury bonds and mortgage-backed securities. Total Fed bank
assets stood at $4 trillion at the end of last year, according
to the results, audited by Deloitte.

Mar 13, 2014
Mar 13, 2014
Mar 13, 2014
Mar 13, 2014
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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