WASHINGTON (Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.
Yellen, whose salary is set by Congress, earns $201,700 a year.
The details on Fed pay were provided to Reuters in response to a Freedom of Information Act request for data on all employees of the U.S. central bank’s board whose salaries outstrip $130,810, which is the top of the government’s pay scale in most areas.
Oct 16 (Reuters) – The Federal Reserve should keep buying
bonds for longer than planned in the face of volatile markets
and falling inflation expectations, a top U.S. central banker
said on Thursday, even as another Fed policymaker warned against
James Bullard, president of the St. Louis Fed, is the only
official at the central bank to publicly suggest putting on hold
the Fed’s widely telegraphed plan to halt its asset-purchase
program later this month. Yields on U.S. bonds, which have
plunged the last few days, rebounded after his comments.
WASHINGTON (Reuters) – The Federal Reserve is considering turning its annual health check for big banks into one of the tools it could use to prevent a build up of excessive financial risks.
If deployed, the modified tests could force banks to retain billions of dollars that otherwise would have gone to shareholders. While the move would help cool off sectors at risk of overheating, it could spark the ire of bank executives, who complain of rising regulatory burdens.
WASHINGTON, Oct 16 (Reuters) – The Federal Reserve is
considering turning its annual health check for big banks into
one of the tools it could use to prevent a build up of excessive
If deployed, the modified tests could force banks to retain
billions of dollars that otherwise would have gone to
shareholders. While the move would help cool off sectors at risk
of overheating, it could spark the ire of bank executives, who
complain of rising regulatory burdens.
LOUIS (Reuters) – The disconnect between the market’s view on the Federal Reserve’s rate hike path and the central bank’s own view is concerning, a top Fed official said on Thursday.
St. Louis Federal Reserve Bank President James Bullard echoed the view shared by the Fed’s policy-setting committee that investors and the central bank are far apart on their view of where interest rates will be at the end of next year.
WASHINGTON/NEW YORK (Reuters) – The Federal Reserve’s debate on its interest rate guidance heated up last month, with several officials showing concern about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting.
But as the Fed grapples with how to communicate its view on hiking rates, the minutes also show concern about the rising dollar, slowing inflation, and economic turmoil in Europe and Asia, factors that support the U.S. central bank’s current of keeping policy accommodation in place for the near future.
TUPELO Miss. (Reuters) – The Federal Reserve’s third round of bond buying had a better than expected impact on the U.S. labor market, a Fed official said on Thursday, making it all the more necessary for the central bank to move faster with hiking interest rates.
St. Louis Fed President James Bullard pointed out that the economy has exceeded the economic forecasts the Fed presented in September 2012, when the central bank’s latest bond buying program – known formally as Quantitative Easing (QE) – was launched.
LOUIS (Reuters) – Federal Reserve officials on Tuesday offered their support to the nation’s community banks, acknowledging that the complex financial reform effort is saddling small lenders with a heavy supervision load.
Kansas City Fed President Esther George, Fed Board Governor Jerome Powell and St. Louis Fed President James Bullard all addressed the issue at a community banking conference here.
WASHINGTON, Sept 17 (Reuters) – The U.S. Federal Reserve on
Wednesday renewed a pledge to keep interest rates near zero for
a “considerable time” but it issued projections that suggested
it may raise borrowing costs a bit quicker than it had been
thinking a few months ago.
Many economists and traders had expected the central bank to
alter the rate guidance it has provided since March, given
generally improving data on the economy’s performance.
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus.
Although a tightening of monetary policy is not expected until mid-2015, the central bank could use a policy statement on Wednesday to lay important groundwork.