Edition:
United States

Ann Saphir

Calpers says one-fifth of public holdings exposed to climate risk

7:25pm EST

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.

Don't touch that dial! Traders see Fed on hold until after 2020 election

Dec 06 2019

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.

Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut

Dec 06 2019

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.

Fed shows little appetite for bold policy change sought by Trump

Nov 20 2019

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.

With inflation low, Fed can boost job market: Daly

Nov 16 2019

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.

Bank of Canada governor says technological change may call for neutral policy

Nov 15 2019

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.

Fed sees climate change shaping economy, policy

Nov 08 2019

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.

Fed's Brainard says climate change poses 'profound' risks

Nov 08 2019

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.

A 'green interest rate?' Fed digs into climate change economics

Nov 07 2019

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.

After year-long bumpy ride, Fed appears to make soft landing

Nov 01 2019

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.

World News