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After serving as the president of the Federal Reserve Bank of Richmond for 13 years, Jeffrey Lacker resigned abruptly after confessing that he leaked confidential information to an analyst of a financial firm in 2013. Since his resignation, he has been questioned by several law enforcement agencies, including the FBI. “I crossed the line to […]
The Federal Reserve System is facing increasing demands from the Senate to revamp the process for granting master accounts, disclose more information to the public and pick more diverse leaders. That pressure makes executive searches at the Kansas City and Chicago Fed banks more complicated.
The Federal Reserve System is facing increasing demands from the Senate to revamp the process for granting master accounts, disclose more information to the public and pick more diverse leaders. That pressure makes executive searches at the Kansas City and Chicago Fed banks more complicated.
Right now, the Treasury is using emergency cash-conservation measures to keep financing government operations.
Commerce department reports new home sales jumped 7.5% from april to may. americans are buying new homes at a pace we haven't seen in two years. to what do we credit this? >> well, i don't know. low interest rates? everybody has been struggling for an answer because the market has been so bad. i welcome any good news. unfortunately, the richmond fed president jeff lacker told our peter barnes is he not too optimistic. here is what he said. >> i think it's just going to take time. we have built more houses. and we have more houses on hand than we want at current prices and current income. the c...