Greenspan: Be Afraid, Bond Bubble Is Bubbling
Former Fed Chairman Alan Greenspan says there is an “extraordinarily unstable position” in the price-to-earnings ratio.
Gross, El-Erian Disagree on Fed Rate Hike
Bill Gross says Fed has data it needs to start raising rates in September; Mohamed El-Erian says Fed will wait for the next jobs report.
U.S. Unemployment Falls to Lowest Level Since May 2008
A net 223,000 jobs were added in April, notably in construction and health care.
The Federal Reserve Scene in Jackson Hole
The highlight of the Rocky Mountain Economic Summit for this advisor-turned-reporter: one-on-one sessions with Fed Presidents.
Bernanke Signals No Immediate Moves
Chairman Ben Bernanke said the Fed is prepared to take further steps to lift the U.S. economy if it weakens. But he didn't signal any imminent action in testimony before a congressional panel Thursday.
Fed’s Lockhart: Current Monetary Policy Appropriate; Manufacturing Expanding
Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, on Friday talked about current monetary policy and the effects of inflation on the economy in a speech before the Knoxville Economics Club in Knoxville, Tenn.
Interest Rates to Remain Low, QE3 Unlikely, Says Fed President Lockhart
The Fed won't extend its $600 billion bond buyback program because the U.S. economic recovery is on solid ground, Atlanta Fed President Dennis Lockhart said.