Federal Reserve

SEC Approves CEO/Worker Pay Gap Rules

The Securities and Exchange Commission on Wednesday approved new rules that require publicly traded companies to reveal the gap between what their CEO makes and what rank and file employees take home.

Wages At Center of Rate Hike Drama

No one seems to know why workers’ paychecks aren’t getting much bigger even as the economy generates lots of jobs each month and the unemployment rate has fallen to its lowest level in seven years.

Fed Approves 'Too Big To Fail' Surcharges

The Federal Reserve on Monday approved large surcharges on some of the biggest U.S. banks in an effort to offset risk and reduce the likelihood of another financial crisis similar to the one that threatened the global economy in 2008.

Simply Put, Consumers Remain Skittish

A disappointing retail sales report suggests the economy may be dragging its feet again after signs of perking up. The main culprit cited by economists for the lingering uncertainty among consumers is labor market 'slack.'  

KC Fed's George: Raise Rates 'Now'

The Federal Reserve "would be wise to act modestly but act now," said Kansas City Fed President Esther George regarding an interest rate hike. George is among a handful of influential inflation hawks who believe historically low interest rates will eventually lead to dangerous asset bubbles and runaway inflation.    

American Net Worth Hits Record

Once again, the U.S.'s total net worth has risen to record setting numbers. Take a look at the latest numbers from the Federal Reserve