Political Capital

Posts tagged: interest rates

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Yellen: Meaning of ‘Some Time?’ — ‘Indirect Pushback’ Seen

It depends on what the meaning of  “some time” is. Federal Reserve Chair Janet Yellen got everyone’s attention — meaning the stock markets — when she said at a press conference on March 19 that the Fed might start raising...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Tapering the Easing: Only in D.C.

Only in Washington is tapering the opposite of easing. Then again, only here might the QE2 be a bond purchase. The Federal Reserve announced today that it will cut its monthly bond purchases to $75 billion — down from $85...

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President Barack Obama pauses while speaking during a news conference in the White House briefing room in Washington, D.C., on Oct. 8, 2013.

Photograph by Andrew Harrer/Bloomberg

President Barack Obama pauses while speaking during a news conference in the White House briefing room in Washington, D.C., on Oct. 8, 2013.

Shutdown Journal: Day 10

Updated at 10:05 through 6:53 pm EDT President Barack Obama neither accepted nor rejected the House Republicans’ plan to increase the debt limit short-term and end the government shutdown as the two sides entered further talks tonight, Bloomberg’s Roxana Tiron,...

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A potential homebuyer during an open house in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

A potential homebuyer during an open house in Washington, D.C.

Young See Home Buying More Favorably

Younger Americans are becoming more optimistic about the housing market, which may help give sales and the economy a lift. Eighty percent of 25- to 34-year-olds said they perceive the housing market as “favorable” or “somewhat favorable,” up 9 percentage...

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Job seekers speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City.

Photograph by Spencer Platt/Getty Images

Job seekers speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City.

Fed’s Unemployment Paradox

Federal Reserve officials are going to be spending a lot of time looking under the hood of the unemployment rate. Policy makers in June forecast joblessness will fall to 6.5 percent to 6.8 percent in the fourth quarter of 2014,...

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People looking for work stand in line during a job fair at the Miami Dolphins Sun Life stadium on May 2, 2013 in Florida.

Photograph by Joe Raedle/Getty Images

People looking for work stand in line during a job fair at the Miami Dolphins Sun Life stadium on May 2, 2013 in Florida.

Fed Holding Benchmark Rate Near Zero Until 2016: Analysts

The Federal Reserve will hold its benchmark interest rate near zero, where it has been since December 2008, until early 2016 even as the jobless rate falls. That’s the conclusion of economists at Goldman Sachs Group Inc. in New York....

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A worker is viewed through protective sheeting on the Brooklyn Bridge on April 30, 2013 in New York City.

Photograph by Spencer Platt/Getty Images

A worker is viewed through protective sheeting on the Brooklyn Bridge on April 30, 2013 in New York City.

Zero-Interest Fed: How Long?

The Labor Department said today that the economy added 165,000 jobs in April. With this kind of moderate-but-not-stellar growth in payrolls, is the Federal Reserve on track to meet its own forecast for its first interest-rate increase? A simple calculation...

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A Chrysler Jeep Grand Cherokee  at a dealership in Hollywood, Florida.

Photograph by Joe Raedle/Getty Images

A Chrysler Jeep Grand Cherokee at a dealership in Hollywood, Florida.

Fed’s Yellen Says Boons Outweigh Low Interest Rate Losses

Home-buyers and U.S. consumers in the market for a new car might be celebrating low interest rates. Savers probably aren’t. The U.S. Federal Reserve has pledged to keep the main interest rate near zero until unemployment falls below 6.5 percent...

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President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.

Photograph by Jewel Samad/AFP via Getty Images

President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.

Comparing Central Banks to Medieval Bloodletter

With Jeff Kearns The Federal Reserve’s zero-interest-rate policy has inspired plenty of criticism from investors, who say low rates punish savers and risk inflation. But comparing Fed Chairman Ben S. Bernanke and other central bankers to a medieval barber played...

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