New York Fed President and CEO Bill Dudley discussed some of the regulatory responses to the crisis that changed the way the central bank supervises institutions, including changes brought on by Dodd-Frank.
Read More »Consumer Expectations are Making a Comeback
The expectations of consumers toward inflation, the economy, housing, personal finances, and the labor market were up across the board, which suggests that expectations are on the rebound.
Read More »What’s Keeping Middle-Aged Borrowers Locked Out of Mortgage Market?
Mortgage originations among middle-aged borrowers, ages 40 to 60, have been on a fast-paced decline since 2004. See what two factors the New York Fed says are keeping them from getting a mortgage loan.
Read More »New York Fed President Says Rates Will Rise Gradually in 2016
New York Federal Reserve President delivers a rate hike forecast for coming year, but the economic outlook has not changed much at all.
Read More »New York Fed President Applauds Housing Market Progress
In an address about the economic outlook in the United States and monetary policy at the Economic Club of New York this week, New York Fed President and CEO Bill Dudley praised the progress housing has made during the economic recovery but refused to offer his views on whether the Fed would raise the short-term interest rate in December.
Read More »Consumer Economic & Housing Expectations a Mixed Bag, Survey Shows
While consumers anticipate a better labor market to come, they were mixed about inflation, depending on how deeply into the crystal ball they look, the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York showed.
Read More »Consumers Show Mixed Economic Outlook, Survey Finds
Consumer expectations for the housing market are showing a mixed outlook for the U.S. economy, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data August 2015 Survey of Consumer Expectations released Tuesday.
Read More »Mortgage Debt Lowers to $8.12 Trillion in Q2
The Federal Reserve Bank of New York reported Thursday in their Household Debt and Credit Report that mortgage debt lowered slightly in the second quarter of 2015.
Read More »New York Fed Reports that Mortgage Balances Place Hold on Debt
The Federal Reserve Bank of New York (New York Fed) released their Household Debt and Credit Report this week that showed household debt balances including, mortgages, credit cards, auto loans, and student loans were “largely flat for Q1 2015.”
Read More »DOJ, Treasury, and New York Fed Receive Subpoenas from House Committee
The House Financial Services Committee has issued subpoenas to two federal government agencies and a branch of the central bank requesting information and documents regarding the government's "too big to fail" designation and the Obama Administration's debt ceiling, according to an announcement Monday on the Committee's website.
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