News & Events

Forbes, April 19, 2013. All Rights Reserved. The growing disparity in wealth made the great recession worse and the recovery weaker than ever before. This nation’s wealth disparity widened more than ever before over the last five years because of the steep decline in the value of residential homes and stagnant wages for the lower […]

MarketWatch, April 19, 2013. All Rights Reserved. WASHINGTON (MarketWatch) – No financial institution, regardless of its size, will be bailed out by taxpayers again, Treasury Undersecretary for Domestic Finance Mary Miller said Thursday. As a result of the Dodd-Frank bank regulatory reform, "shareholders of failed companies will be wiped out; creditors will absorb losses; culpable […]

CNNMoney, April 19, 2013. All Rights Reserved. Prices aren’t going up very much. Should we celebrate? Not really. Inflation that’s too low could be a bad sign for the U.S. economy, and some Federal Reserve officials are starting to get concerned.  Speaking to reporters on Wednesday, St. Louis Fed President James Bullard pointed to the […]

MNI | Deutsche Börse Group, April 18, 2013. All Rights Reserved. NEW YORK (MNI) – Federal Reserve Board Governor Sarah Bloom Raskin Wednesday underlined her support for ongoing aggressive push by the Fed to support economic growth, saying that it will help the recovery gain a more secure foothold, with the measures potentially becoming "increasingly […]

Reuters, April 18, 2013. All Rights Reserved. (Reuters) – Easy money policies are bringing some relief to lower-income Americans hard-hit in the recession and the easing could become increasingly potent as the housing market recovers, a top U.S. Federal Reserve official said on Thursday. In a speech on equality and the U.S. economy, Fed Governor Sarah […]

MarketWatch, April 18, 2013. All Rights Reserved. If economists focused more research on the experiences of  less-advantaged households, they might gain new insight on the current struggles of the U.S. economy, said Federal Reserve Governor Sarah Bloom Raskin on Thursday. “It strikes me that macroeconomists are far from a comprehensive understanding of how wealth and […]

The Wall Street Journal, April 18, 2013. All Rights Reserved. Federal Reserve stimulus aimed at spurring growth will likely grow more powerful as the housing market recovers further, but the trends that have fueled income inequality aren’t likely to change much, a U.S. central bank official said Thursday. “The accommodative policies of the [Federal Open Market […]

CentralBanking.com, April 18, 2013. All Rights Reserved. The president of the Federal Reserve Bank of Minneapolis, Narayana Kocherlakota, said today that the Federal Open Market Committee (FOMC) will have to live with a "considerable period" of financial instability as the price of meeting the targets of its dual unemployment-price stability mandate. Speaking at the 22nd […]