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Oct 3, 2015

U.S. a long way from ‘macroprudential’ safeguards -Fed’s Dudley

BOSTON, Oct 3 (Reuters) – The United States is a long way
from putting in place rules that will protect the financial
system and the economy from broad risks, due in part to
regulatory structure and to the difficulties of predicting the
next crisis, a top Federal Reserve official said on Saturday.

New York Fed President William Dudley, an influential Wall
Street supervisor, warned against hastily putting in place
so-called macroprudential tools, which would go beyond
regulating specific banks and firms and focus on the broader
financial sector.

Oct 2, 2015

Prick asset bubbles with rates? Fed officials split

BOSTON, Oct 2 (Reuters) – The question of whether the
Federal Reserve should adjust interest rates to deflate risky
financial market bubbles split some top Fed policymakers on
Friday, suggesting the controversial idea is re-emerging as the
U.S. central bank approaches an historic policy tightening.

Giving the central bank an effective third mandate – beyond
its formal objectives for inflation and employment – has won
more adherents since the 2007-2009 financial crisis, which some
blame in part on too-easy monetary policy in the preceding years
that allowed risks to take root.

Sep 30, 2015

Fed’s Dudley downplays market ‘liquidity’ concerns, eyes HFT

NEW YORK (Reuters) – A top Federal Reserve official on Wednesday largely dismissed concerns that bond-market liquidity has sharply diminished in the wake of U.S. regulatory reforms, saying other changes like the rise in rapid electronic trading may play a bigger role.

William Dudley, president of the New York Fed and a front-line Wall Street supervisor, said one-off “liquidity events” – in which the trading of Treasury and corporate bonds becomes significantly more expensive and difficult – may reflect the complex interactions of high-frequency trading strategies.

Sep 28, 2015

Mixed messages as Fed officials go public in force

MILWAUKEE (Reuters) – A flurry of planned appearances this week by Federal Reserve officials began on Monday, but conflicting views by policymakers raised more questions about the U.S. central bank’s ability to manage its message at a critical juncture.

William Dudley, head of the New York Fed, and John Williams, head of the San Francisco Fed, both signaled the likelihood of an interest rate hike this year, as they cited expectations of the inflation rate moving up toward the Fed’s 2 percent target.

Sep 28, 2015

Evans doubts inflation rising; urges patience on Fed rate hike

MILWAUKEE, Wisconsin, Sept 28 (Reuters) – The Federal
Reserve should leave interest rates near zero longer than
planned and take an “extra patient approach” to tightening
policy due to the risk that inflation will not rebound as
quickly as expected, a top Fed official said on Monday.

Defending the dovish wing of the U.S. central bank, Chicago
Fed President Charles Evans cited what he called “substantial
costs” to prematurely hiking rates, including Fed credibility.
He suggested it may take until mid-2016 to see enough evidence
of inflationary pressure for a rates “liftoff.”

Sep 25, 2015

Yellen returns to Washington; questions remain after health scare

/SAN FRANCISCO, Sept 25 (Reuters) – Federal
Reserve Chair Janet Yellen is back in Washington on Friday, a
day after receiving emergency medical attention following a
speech during which she appeared to lose concentration and which
she struggled to finish.

A Fed spokesperson would not comment on whether Yellen
planned to see a doctor for a follow up check-up, and would not
comment on her health beyond last night’s statement that she had
felt dehydrated after speaking for nearly an hour at the
University of Massachusetts, Amherst.

Sep 25, 2015

Yellen gets medical attention after struggling with speech

By Jonathan Spicer and Svea Herbst-Bayliss

AMHERST, Mass. (Reuters) – Federal Reserve Chair Janet Yellen received medical attention on Thursday after coughing, pausing and struggling to finish a speech in which she said the U.S. central bank was on track to raise interest rates this year for the first time in nearly a decade.

The 69-year-old Fed chief, who had been speaking for nearly an hour before a packed university auditorium here, appeared to lose her place in reading the last few lines of her speech on inflation. She abruptly said: “Let me stop there.”

Sep 24, 2015

Yellen resumes schedule after struggling to finish speech

By Jonathan Spicer and Svea Herbst-Bayliss

AMHERST, Mass. (Reuters) – Federal Reserve Chair Janet Yellen received medical attention on Thursday after struggling to finish a speech at the University of Massachusetts, Amherst, coughing and pausing to recompose herself a few times before walking off stage.

As head of the central bank of the world’s largest economy, Yellen, 69, plays a major role in the global economy.

Sep 24, 2015

Fed’s Yellen resumes schedule after struggling to finish speech

, Sept 24 (Reuters) – Federal Reserve Chair
Janet Yellen received medical attention on Thursday after
struggling to finish a speech at the University of
Massachusetts, Amherst, coughing and pausing to recompose
herself a few times before walking off stage.

As head of the central bank of the world’s largest economy,
Yellen, 69, plays a major role in the global economy.

Sep 24, 2015

Fed still on track for rate hike this year, Yellen says

By Jonathan Spicer and Svea Herbst-Bayliss

AMHERST, Mass. (Reuters) – Federal Reserve Chair Janet Yellen said on Thursday she expects the U.S. central bank to begin raising interest rates later this year as long as inflation remains stable and the U.S. economy is strong enough to boost employment.

Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.