SAN FRANCISCO About one-fifth of the California Public Employees’ Retirement System public markets portfolio is exposed to potential losses from climate change, the $381 billion pension fund manager reported this week in its first ever climate-risk disclosure report.
The Federal Reserve, which cut interest rates three times this year to shield the U.S. economy from a global slowdown, will not need to do any more to boost growth until late next year, after Americans have picked a president.
SAN FRANCISCO The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve's policy-setting panel as part of its annual membership reshuffle.
SAN FRANCISCO As U.S. Federal Reserve officials hone their monetary policy playbook in preparation for the next economic downturn, it appears they will eschew more controversial approaches tried by other global central banks, including one that President Donald Trump has called on the Fed to try.
BERKELEY, Calif. Sluggish inflation gives the Federal Reserve the leeway to keep borrowing costs low and help draw more workers into the labor market, San Francisco Federal Reserve Bank President Mary Daly said on Saturday.
OTTAWA/SAN FRANCISCO The widespread adoption of artificial intelligence, machine learning and other new technologies may be boosting potential output in ways that could take years to show up in the data, Bank of Canada Governor Stephen Poloz said on Thursday.
SAN FRANCISCO The U.S. central bank signaled on Friday it may be getting ready to join international peers in incorporating climate change risk into its assessments of financial stability, and may even take it into account when setting monetary policy.
SAN FRANCISCO, Nov 8 A top Federal Reserve
policymaker on Friday signaled the U.S. central bank may join
its international peers in incorporating climate change risk
into its assessments of financial stability, and may even take
it into account when setting monetary policy.
SAN FRANCISCO/NEW YORK In their deliberations on monetary policy, Federal Reserve policymakers need to consider many factors, but up to now, climate change has not been one of them.
HOUSTON/NEW YORK After a year-long struggle with bond markets, the Trump administration, and each other, Federal Reserve policymakers found their way to a compromise this week with a rate cut that even the White House said had put monetary policy in a much better place.