Geithner Omits Cost of Success in ‘Stress Test’
What Tim Geithner doesn't entirely convey in his new book is that success came at a steep price.
World Economy Stabilizes in ‘Great Moderation 2.0’: JPMorgan
Low market volatility and minimal employment variability means good news for equities, a JPMorgan analyst says.
Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
Bill Gross’ Wild Ride: PIMCO Total Return Fund Bottom of Bloomberg Ranking
The PIMCO Total Return Fund notched the worst risk-adjusted returns among 16 similar funds ranked by Bloomberg.
Yellen: Economy Will Need Fed’s Support for ‘Some Time’
Federal Reserve Chair Janet Yellen used a speech to a community development conference in Chicago to make the case for continued Fed stimulus.
Fed Changes Interest Rate Policy, Linking to Wider Data Range
The Fed gave itself room to keep interest rates low by dropping a linkage between the benchmark interest rate and a specific level of unemployment.
Fed Links Rate Outlook to Range of Data; Drops 6.5% Jobless Threshold
FOMC said ‘highly accommodative stance of monetary policy remains appropriate’ before its first meeting led by Janet Yellen.
Surprising Jobless Rate Decline Runs Into Fed Rate Policy
The Fed said in 2012 that interest rates would remain near zero until unemployment fell to 6.5%—it’s now at 6.7%.
Yellen Confirmed by Senate to Become Fed Chairman
Yellen, who will replace Bernanke after Jan. 31, will be the first woman to head the central bank in its 100-year history.
Booming Housing Market Boosts U.S. Economy
With new home sales 29% higher than a year ago and home prices rising, the real estate market has established itself as a leading force in buoying the U.S. economy.