Federal Reserve

General Electric’s Shrinkage is a Good Thing

GE is oh so close to becoming a growth industrial stock after years of being a stagnant one, now that the industrial giant ahead of schedule in jettisoning the bulk of GE Capital.

Gross: Fed May Have Missed Rate-Hike Window

Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now could create "self-inflicted" instability.

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.