Howard's Feed
May 22, 2015

Insight – How an off-the-cuff remark shaped Jeb Bush’s economic vision for U.S

WASHINGTON (Reuters) – There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy.

But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy centre in Dallas, has now become the central economic idea of Bush’s developing run for the White House. Details of the call were recounted by one of the participants to Reuters.

May 22, 2015

How an off-the-cuff remark shaped Jeb Bush’s economic vision for U.S.

WASHINGTON (Reuters) – There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy.

But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has now become the central economic idea of Bush’s developing run for the White House. Details of the call were recounted by one of the participants to Reuters.

May 20, 2015

Fed officials see June rate hike as unlikely: minutes

WASHINGTON (Reuters) – U.S. Federal Reserve officials believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data, according to minutes from the central bank’s April policy meeting.

“Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising (interest rates) had been satisfied …,” said the minutes, which were released on Wednesday.

May 19, 2015

Economy’s weak spell puts Fed at crossroads over liftoff plans

WASHINGTON (Reuters) – The Federal Reserve’s plan to raise interest rates this year, forged over months of strong jobs growth and a seemingly durable expansion, now faces an economy that no longer follows the script and may push the “liftoff” far into the future.

The world’s largest economy slowed to a crawl in the first quarter and may actually have contracted.

May 14, 2015

Fed staff says first quarter slowdown was real, not a fluke of statistics

WASHINGTON (Reuters) – Make no mistake: the U.S. economy’s dismal first quarter was, in fact, a dismal first quarter, not a statistical fluke in the way U.S. gross domestic product is measured, Federal Reserve staff concluded on Thursday.

The Fed staffers explored a puzzle noted recently by economists like Justin Wolfers and discussed across the business cable networks – that first quarter GDP growth seems to routinely lag the rest of the year.

May 14, 2015

ECB’s Draghi says will not stop short in money printing

WASHINGTON, May 14 (Reuters) – The European Central Bank
will not stop short in rolling out its trillion-euro-plus money
printing scheme, its president said on Thursday, playing down
fears that quantitative easing could blow price bubbles.

Mario Draghi’s clear commitment, delivered in Washington to
an audience at the International Monetary Fund, shows there is
little prospect of paring back the fledgling programme that was
launched despite the reservations of euro zone paymaster
Germany.

Apr 29, 2015

Fed points to softer U.S. labor market, weak economic growth

WASHINGTON, April 29 (Reuters) – The Federal Reserve pointed
to weakness in the U.S. labor market and economy on Wednesday in
a policy statement that came just hours after data showing tepid
economic growth, suggesting the central bank may have to wait
until the third quarter to begin raising interest rates.

The Fed’s statement leaves it dependent on fresh economic
data, in a meeting-by-meeting approach, as it seeks to decide on
the timing of its first rate hike since June 2006.

Apr 29, 2015

Insight – Drop in disability rolls adds to signs of U.S. labour market recovery

WASHINGTON (Reuters) – The number of Americans on disability has declined for six months in a row in a sharp turnaround after years of increases, more evidence of the labour market recovery the Federal Reserve wants to see before nudging interest rates higher.

Social Security disability rolls have climbed since the 1980s as the U.S. population has grown older and soared during and after the global financial crisis. That stoked fears that shrinking workforce will stunt the economy’s future growth.

Apr 29, 2015

Fed meeting seen as chance to nudge markets on rate hike timing

WASHINGTON (Reuters) – As the Federal Reserve’s policy-setting committee wraps up its third meeting of the year, a critical task awaits the U.S. central bank: narrowing the wide gap between how it and the markets view the path of interest rates.

The Fed previously ruled out raising rates at the end of its two-day meeting on Wednesday, and the chances of a hike at the June meeting, while still on the table, have steadily decreased amid a drum-beat of weak first-quarter economic data.

Apr 29, 2015

Drop in disability rolls adds to signs of US labor market recovery

WASHINGTON, April 29 (Reuters) – The number of Americans on
disability has declined for six months in a row in a sharp
turnaround after years of increases, more evidence of the labor
market recovery the Federal Reserve wants to see before nudging
interest rates higher.

Social Security disability rolls have climbed since the
1980s as the U.S. population has grown older and soared during
and after the global financial crisis. That stoked fears that
shrinking workforce will stunt the economy’s future growth.