Thursday, February 11, 2016 - 16:27 NY Fed: US Monetary Authorities Did Not Intervene in FX in Q4 0
NEW YORK (MNI) - - The U.S. monetary authorities did not intervene in the foreign exchange markets during the October-December quarter, the Federal Reserve Bank of New York said Thursday in its quarterly report to the U.S. Congress.
In the fourth quarter of 2015, the U.S. dollar continued to appreciate, with the broad trade-weighted U.S. dollar index rising roughly 2.0 percent, bringing the increase for all of 2015 to more than 10 percent.
Thursday, February 11, 2016 - 15:35 Eurogroup Urges Greece, Creditors To Conclude Review Swiftly 0
--Pension reforms key; tough political decisions ahead
BRUSSELS (MNI) - Eurogroup President Jeoren Dijsselbloem said Thursday that good progress has been made between Greece and its creditors over the upcoming first review of the country's bailout but added that more work needs to be done.
Speaking at a press conference in Brussels after a meeting of euro area Finance Ministers, Dijsselbloem said that Greece's inspectors informed the Eurogroup that good cooperation and a lot of ground has been covered during their visit to Athens last week but "further work is still needed on a number of areas before a staff level agreement can be reached."...
Thursday, February 11, 2016 - 12:11 US House Speaker Ryan: Not Enough Votes In House To Pass TPP 0
--House Speaker Ryan Says Admin Must Push Harder
--Rep. Ryan: GOP Dealing With Annual 'Concerns' on Budget
Wednesday, February 10, 2016 - 13:04 US Lew: Want Bipartisan Bills On Biz Tax Reform, PR This Year 0
--Tsy's Lew: Puerto Rico Is 'In Crisis,' Must Act Soon
--Lew: Admin Open On Details of PR Debt Restructuring
--Lew: Much 'Overlap' W/Admin, Hill On Business Tax Reform
WASHINGTON (MNI) - Treasury Secretary Jack Lew said Wednesday the administration and Congress should act this year on bipartisan bills to assist financially beleaguered Puerto Rico and to overhaul the corporate tax code.
In testimony to the Senate Finance Committee on the administration's fiscal year 2017 budget, Lew defended the administration's record for the past seven years and its tax proposals for the coming year....
Wednesday, February 10, 2016 - 12:46 Yellen Q&A Excerpt: Should Know if Neg Rates Potentially Avail 0
--Fiscal Policy Does Affect Monetary Policy Options
WASHINGTON (MNI) - The following is an MNI transcript of a response by Federal Reserve Chairman Janet Yellen Wednesday to a question from a member of the House Financial Services Committee:
Rep. Ed Royce, R-Calif: Do you still believe that negatives rates are a tool in the toolbox and can we assume the Federal Reserve would not include this scenario in a stress test if in fact it were not a potential future action?
Yellen: Let me say that was not what motivated the inclusion of this scenario in the stress test. We are in an environment where, as you pointed out, the number of - the ECB, other European central banks, the Bank of Japan have...
Wednesday, February 10, 2016 - 10:28 US House Speaker Ryan: GOP Budget Will Honor Deal On Spending 0
--House Speaker Scorches Obama Budget
--Rep. Ryan: GOP Will 'Figure Out' New Budget