Pedro da Costa on Muck Rack

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Washington, DC
Central Banking and Economics Reporter — Wall Street Journal

Reporter covering the Federal Reserve and economics at The Wall Street Journal. Previously at Reuters. Watching Fed policy for a considerable time.

Fed Set to End QE3, but Not the QE Concept

online.wsj.com — Federal Reserve officials meeting Tuesday and Wednesday are virtually certain to end their latest bond-buying program, but they won't be retiring the policy for good. Their recent comments show bond purchases are now an established part of the Fed's policy tool kit that they could employ again in times of deep economic trouble.

‘Slack’ in Job Market Hurts Wage Growth, Chicago Fed Paper Says

blogs.wsj.com — The U.S. labor market still has plenty of unused capacity or "slack," and that hurts workers at the bottom of the income ladder the most, according to a paper released Friday by two economists from the Federal Reserve Bank of Chicago. They say labor market conditions have "yet to revert fully to prerecessionary levels."

Kocherlakota Says Fed Still Missing Inflation, Jobs Goals

blogs.wsj.com — U.S. inflation has remained consistently below the Federal Reserve's 2% inflation target and is forecast to continue doing so, while the broader economy is still "some way" from full employment, Minneapolis Fed President Narayana Kocherlakota s aid Friday.

James Bullard Says Fed Getting ‘Pretty Close’ to Policy Goals

blogs.wsj.com — In an interview with The Wall Street Journal, St. Louis Fed President James Bullard said falling unemployment and rising inflation are bringing the Federal Reserve closer to its goals more rapidly than policy makers had foreseen, and may justify raising interest rates as early as the end of the first quarter of 2015.

Fed Exit Fears Overstated, S&P Economist Says

blogs.wsj.com — Worries that the Federal Reserve's attempt to unwind extraordinary monetary support for the U.S. economy will go awry - because the central bank is in uncharted territory - are excessively alarmist, Standard & Poor's chief global economist Paul Sheard says in a new report.

Decline in 'Slack' Helps Fed Gauge Recovery

online.wsj.com — U.S. factories that were idled during the recession are now humming with activity. Office and apartment buildings have less empty space. Unemployment is falling, while wages and benefits are growing slowly. All are signs of an economy still healing from a deep downturn that created lots of economic slack: the gap between the resources we have...

Decline in 'Slack' Helps Fed Gauge Recovery

online.wsj.com — U.S. factories that were idled during the recession are now humming with activity. Office and apartment buildings have less empty space. Unemployment is falling, while wages and benefits are growing slowly. All are signs of an economy still healing from a deep downturn that created lots of economic slack:-the gap between the resources we have and...

IMF: Right Policies Could Reverse Some of U.S. Labor Force Decline

blogs.wsj.com — The shrinking pool of workers in the U.S. job market is due in part to demographic shifts. But a substantial part of it can be addressed by policies that boost economic growth and productivity, says an economist at the International Monetary Fund.

Economists Still Betting on Mid-2015 Fed Rate Rise, WSJ Survey Shows

blogs.wsj.com — The Federal Reserve is likely to hold off raising interest rates from rock-bottom lows until summer of next year despite recent improvement in the labor market, according to a survey of economists from The Wall Street Journal published Thursday.In its July meeting statement issued last week, the Fed nodded to a pickup in U.S.

Economists Still Betting on 2105 Fed Rate Rise, WSJ Survey Shows

blogs.wsj.com — The Federal Reserve is likely to hold off raising interest rates from rock-bottom lows until summer of next year despite recent improvement in the labor market, according to a survey of economists from The Wall Street Journal published Thursday.In its July meeting statement issued last week, the Fed nodded to a pickup in U.S.
More Articles →
Nov 21, 2014

RT @antillaview: Did NY Fed let European regulators know about Goldman/Santander transaction? "I don't know the answer," says William Dudley @SenateBanking

Nov 21, 2014

RT @carney: The "banking system is stronger than it was 6 years ago" is not exactly very reassuring. Very low standard to meet.

Nov 21, 2014

Royal Bank of Scotland admits overstating financial strength in stress test fw.to/4GpbLDM by @jamestitcomb

Nov 21, 2014

RT @dianabhenriques: .@carney @MattGoldstein26 "Fire warden" a pretty good regulatory analogy - prevention vs prosecution. But was the NYFed doing either?

Nov 21, 2014

RT @NickTimiraos: Factory jobs aren't what they used to be: average workweek nears record high, but wages suffer nyti.ms/1qCWnAW pic.twitter.com/TMm2C6UdrV

Nov 21, 2014

NY Fed's Dudley says he thinks of himself more of as fireman than cop.

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