Larry Summers Says Fed Forecasts Look Ridiculous, Warns on Rate Delay
Former Treasury Secretary Lawrence Summers said Federal Reserve has failed to account for its mistakes and to realize the damage to its credibility.
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Ray Dalio Says Central Banks to Cut Rates in 2024, AFR Reports
Central banks across the globe will be required to cut interest rates in 2024 after a period of stagflation, says Ray Dalio.
U.S. IRS 'Under Siege', Yellen Says, Needs $80 Billion to Beef Up Tax Work
Treasury Sec. Janet Yellen urged Congress to approve $80 billion in funding for IRS to help the agency reduce huge backlog of tax returns.
Fed’s Brainard Says Case for September Rate Pause Is ‘Very Hard’
Fed Reserve Vice Chair Lael Brainard expectations for half-percentage-point increases in interest rates this month and next were reasonable.
New York Fed's Logan: Digital Innovation Could Require Change in Central Bank Methods
Innovations in digital payments and potential adoption of central bank digital currency could force central banks to overhaul monetary policy.
Dudley Plays Down Suggestion of September Fed Rate-Hike Pause
Former New York Fed President William Dudley said the US central bank will keep raising interest rates to curb high inflation.
Fed’s Daly ‘Comfortable’ Raising Rates Until Inflation Is Tamed
The Federal Reserve should tighten policy until inflation begins trending down toward its 2% goal, said SF Fed Reserve Bank President Mary Daly.
