Since December, Fed policy makers have said they will hold their benchmark interest rate near zero until the unemployment rate falls to 6.5 percent. Research by a couple of their colleagues implies they should wait until it’s even lower. The...
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Photograph by Daniel Acker/Bloomberg
The Federal Reserve Bank of New York headquarters
Fed’s Employment Trigger Too High?
Photograph by Patrick Baz/AFP via Getty Images
Cypriots during a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.
Fed Opposed Cyprus-Like Bank Tax — in 1941
More than half a century ago, the Federal Reserve opposed the idea of a tax on bank deposits similar to the one Cyprus has imposed. It wasn’t the threat of bank runs that was the problem so much as fairness....
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Photograph by Patrick Fallon/Bloomberg
Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas.
Fisher Warns Fed of Trap: `Hotel California’
Federal Reserve Bank of Dallas President Richard Fisher, hardly one to resist using a good metaphor to explain the intricacies of central banking, has upgraded his equine assessment of the economy. He’s also added some classic rock and roll the...
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Photograph by Daniel Acker/Bloomberg
Potential buyers view a new home under construction in South Barrington, Illinois.
Fed Boosts Housing, Housing Boosts Fed — Repeat
One hand washes the other. The Federal Reserve’s record stimulus is starting to lift the U.S. housing market out of the basement. And the boost in home prices is poised to start giving the broader economy a bigger push, rather...
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Photograph by Stephen Yang/Bloomberg
William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.
Fed Hints at More Bond Buying in ’13
Written with Caroline Salas Gage A Federal Reserve policy maker added to hints that the central bank will continue Treasury purchases into 2013 when officials gather for their last meeting of this year. Federal Reserve Bank of New York President...
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Photograph by Zhang Jun/Xinhua/Corbis
Federal Reserve Chairman Ben Bernanke testifies before the Joint Economic Committee about the Economic Outlook on Capitol Hill.
Here Comes QE3
A majority of economists believe the Federal Reserve is poised to boost stimulus tomorrow, according to a Bloomberg Survey of 73 economists. Sixty-four percent say the Fed is going to launch a bond-buying program at the conclusion of its meeting today and tomorrow...
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Photograph by Joe Raedle/Getty Images
Mitt Romney and Rep. Paul Ryan on stage after accepting the nomination during the final day of the Republican National Convention.
Wyoming Bar Hosts Possible Romney Fed Picks
As Mitt Romney accepted his party’s presidential nomination last night, watching his speech from a Wyoming bar were potential candidates to run the Federal Reserve should he win. Glenn Hubbard, dean of Columbia Business School and an economic adviser to...
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Photograph by Mladen Antonov/AFP/Getty Images
Delegates from the state of Maine and supporters of Republican presidential candidate Ron Paul chant 'As Maine goes, so goes the Nation' after they staged a walkout at the Tampa Bay Times Forum.
Paul Delegate: ‘Thumbs Up’ to ‘Underhanded’ Unseating Walk-Out
Ron Paul delegate Betty Jackson didn’t join yesterday’s Republican National Convention walkout by her fellow Paul supporters but “I gave them a thumbs up” because “I do understand their grievances” with the party establishment. The 100 or so Paul delegates...
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Photograph by AP Photo
Meeting with President-elect Richard Nixon are from left standing: Bryce Harlow, assistant to the president; Paul McCracken, Chairman of Economics Advisors, Alan Greenspan, advisor to Nixon, Dr. Arthur Burns, seated left, Nixon, and Rep. Wilbur Mills, chairman of the House Ways and Means Committee in New York City on Dec. 4, 1968.
The Fed and the Election Cycle
The Fed is meant to be independent and free from political pressures emanating from Congress or the White House. That hasn’t always been the case. For instance, back in the early 70s, Fed Chairman Arthur Burns was pressured by Richard...
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Photograph by Paul Taggart/Bloomberg
Shipping containers at the Port of New Orleans.
Fed Forecast Might Not Be as Cautious as You Think
While administration officials are cautious about touting any improvements in the U.S. economy right now, it turns out the Fed is more optimistic than Wall Street. The Federal Reserve projects 2.4 percent to 2.9 percent growth this year. Bloomberg’s Caroline...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
