Many Fed Officials Said June Liftoff Unlikely, Minutes Show
Fed officials last month didn’t expect to raise rates in June even as they concluded that a first-quarter economic slowdown was unlikely to persist.
Goldman’s O’Neill Considered for Top Slot at BOE
A second Goldman Sachs candidate has entered the running to replace Bank of England Governor Mervyn King when he steps down in June 2013.
Unemployment in Britain Hits Highest Point in 15 Years
Despite a determined pursuit of austerity measures to bring down its deficit, the U.K. is experiencing its highest unemployment level in 15 years coupled with a recovery that the National Economic and Social Research Institute called the “weakest of any since the end of the First World War.”
Fed’s Hoenig: Forget the Economy, Focus on Finances
One day before policymakers meet in Jackson Hole, Wyo. Federal Reserve Bank of Kansas City President Thomas Hoenig said there’s only so much the central bank can do to help the economy, and that the policy should pivot to focus on the country’s fiscal problems.