by - March 15, 2020 7:06 pm
In an unprecedented move, the Federal Reserve on Sunday (March 15) cut the prime interest rate to 0%, and announced a $700 billion purchase of securities to inject money into…
by - July 10, 2019 12:15 pm
Five federal financial regulatory agencies announced on Tuesday (July 9) that they adopted a final rule to exclude community banks from the so-called Volcker Rule, which restricts banking institutions from…
by - February 26, 2019 7:07 pm
Sen. Tom Cotton, R-Ark., used his time on the Senate Banking Committee on Tuesday (Feb. 26) to quiz Jerome Powell, chairman of the Board of Governors of the Federal Reserve…
by - April 4, 2018 5:46 pm
St. Louis Fed President James Bullard on Wednesday (April 4) offered a cautious assessment of the nation’s economy, saying the U.S. is in a “slow growth era” with downside risk…
by - December 1, 2017 3:38 pm
St. Louis Federal Reserve President James Bullard warned Arkansas business leaders and bankers on Friday (Dec. 1) that if U.S. monetary policymakers continue the course of hiking short-term U.S. interest…
by - November 2, 2017 4:54 pm
The new boss will be the same as the old boss. That’s the consensus of bankers and industry watchers who responded to Talk Business & Politics about the nomination of…
by - March 15, 2017 5:21 pm
An improved labor market, rise in household spending and desire to keep inflation at around 2% led the Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday (March 15) to…
by - February 13, 2017 7:55 am
Money Talk is a weekly roundup of finance, banking and investment-related news. REGIONAL FEDERAL RESERVE EXECUTIVE IN LITTLE ROCK PROMOTED TO SENIOR VICE PRESIDENT The Federal Reserve Bank of St….
by - December 14, 2016 2:07 pm
In a year-end move largely expected by market watchers, the Federal Open Market Committee on Wednesday (Dec. 14) raised interest rates for only the second time in nearly 10 years,…
by - December 13, 2016 10:28 am
As the Federal Open Market Committee (FOMC) prepares to hold its final meeting under President Barack Obama, expectations are high that the Central Bank will raise rates for only the…
by - November 30, 2016 5:37 pm
More than half of the employers surveyed in November across the St. Louis Fed’s Eighth District expect to increase hiring and wages over the new 12 months, but many are…
by - September 21, 2016 2:11 pm
The Federal Open Market Committee on Wednesday voted to maintain the target range for the federal funds at 0.25% to 0.5% as the uncertain economic outlook has caused the monetary…
by - September 20, 2016 10:56 am
As the Federal Open Market Committee meets Tuesday (Sept. 20) to hold its sixth meeting of 2016, the only thing certain is that no one is sure if policymakers will raise…
by - August 26, 2016 10:03 am
Real gross domestic product (GDP) crept forward at an annual rate of 1.1% in the second quarter with corporate profits well off the first three months of 2016, according to…
by - July 26, 2016 1:09 pm
As the Federal Open Market Committee sits down Tuesday (July 26) to consider again whether to raise the federal funds rates, St. Louis Fed President James Bullard and other committee…
by - March 16, 2016 2:19 pm
The Federal Open Market Committee (FOMC) on Wednesday (March 16) maintained federal funds rates at 0.25% to 0.5%, with Fed Chair Janet Yellen calling the nation’s current hawkish monetary policy…
by - February 19, 2016 1:28 pm
St. Louis Federal Reserve President James Bullard this week criticized the Federal Reserve Open Market Committee’s normalization policy, calling it “unwise” to continue the central bank’s monetary policy for continued…
by - December 16, 2015 2:03 pm
Editor’s note: Story updated with press conference comments from Fed Chair Janet Yellen, and with reaction from Arkansas bankers and U.S. Rep. French Hill, R-Little Rock. –––––––––– In a move…
by - November 20, 2015 1:12 pm
While it may sound counterintuitive, the president and CEO of the Federal Reserve Bank of St. Louis said Friday (Nov. 20) that the pace of job growth is likely to…
by - October 17, 2014 12:29 pm
A Federal Reserve economist says Arkansas’ economy struggles to gain a stable foothold for solid growth years after the so-called “Great Recession,” with the Little Rock and Northwest Arkansas areas…
