Tricky Balancing Act Faces New York Fed Search Committee

Tricky Balancing Act Faces New York Fed Search Committee

A senior executive with a keen knowledge of markets and economics, but who isn’t too close to Wall Street because he or she will be responsible for regulating some of the world’s biggest banks. This is the balancing act facing a newly formed search committee for the next president of the Federal Reserve Bank of New York following the announcement Monday that the current leader, William Dudley, will step down in mid-2018, several months before his term expires in January 2019.

Asian Shares Flat – Investors on Sidelines Ahead of US Fed Meet – Update

Asian Shares Flat - Investors on Sidelines Ahead of US Fed Meet

Shares in Asia were flat on Thursday, with investors on the sidelines ahead of the U.S. Federal Reserve’s annual Jackson Hole meeting, set to start later in the trading day. The Nikkei Stock Average was up 0.04%, recovering from earlier declines in the session. Hong Kong’s Hang Seng Index was flat, the Shanghai Composite Index was 1.1% lower and the South Korean Kospi added 0.1%.

Asia Shares Gain Further on Japan Stimulus Expectations

Asia Shares Gain Further on Japan Stimulus Expectations

Asian equity markets staged further gains on Wednesday, boosted by investor expectations that Japan may consider an aggressive form of policy easing to jumpstart its economy.But those gains quickly moderated after the Japanese government denied the possibility of using “helicopter money,” a measure that would involve the central bank directly financing government spending or tax cuts.