Federal Reserve

Fed's Kocherlakota: Don't Touch Interest Rates Yet

In an interview with FBN, Minneapolis Fed Chairman Narayana Kocherlakota said the central bank should maintain near-zero interest rates this year and consider the possibility of additional quantitative easing.

BofA CEO Sees Rate Hikes ‘Coming Soon’

The U.S. economy is picking up steam after a first quarter of negative growth and rate hikes are “coming soon,” according to Bank of America Chairman and CEO Brian Moynihan.

Largest U.S. Banks Pass Stress Tests

The 31 largest U.S. banks all passed a second round of federally-mandated stress tests used to determine whether the banks could withstand another financial crisis.

Rosengren: Tough Broker-Dealer Rules Needed

A serious re-evaluation of how broker-dealers are supervised is overdue and should bring about higher capital requirements given the threat broker-dealers still pose to the U.S. financial system, a top Federal Reserve official said on Wednesday.

Largest Banks Pass Fed Stress Tests

Stress tests conducted on the largest U.S. banks show they could now easily withstand a hypothetical economic meltdown worse than the '08 financial crisis. Full Text: 29 of 30 Banks Pass Fed Stress Tests