Federal Reserve Bank of New York News
US Manufacturing Output Stumbled in August
US manufacturing output tumbled 0.4 percent in August, latest sign of factory slump
US regulators: Official recall of 1M Samsung Note 7 phones BETHESDA, Md. (AP) — U.S. regulators issued an official recall of Samsung's Galaxy Note 7 phone on Thursday because of a risk of fire. Samsung already has voluntary recalled the devices after a few dozen devices exploded or caught fire.
A Flurry of Tepid Economic Data Could Lead Fed to Delay Hike
A flurry of tepid economic data could give Fed reason to delay a rate increase next week
New Bank Hacks Revealed as Financial Institutions Urged to Improve Security
The operator of the messaging system that connects thousands of banks around the world has revealed new attempts to hack member banks that have taken place since the digital heist of $81 million from Bangladesh Bank in February. The disclosure, which took the form of a letter sent by SWIFT to
Excerpt: Ben Bernanke's 'The Courage to Act'
Excerpted from The Courage to Act: A Memoir of A Crisis and Its Aftermath by Ben S. Bernanke. Copyright © 2015 by Ben S. Bernanke. With permission of the publisher, W. W. Norton & Company, Inc. All rights reserved. Prologue: I Can Still Stop This . . . It was 8:00 p.m. Tuesday, September 16, 2008.
Obama’s Pick for Attorney General in the Hot Seat
The possible new attorney general of the United States in the hot seat Loretta lynch right there are taking an oath. She's president Obama's pick to succeed Eric Holder as the top prosecutor in the country. But first she'll have to convince the Senate Judiciary Committee. Hello everyone I'm
The 5 Most Interesting Cases of Attorney General Nominee Loretta Lynch’s Career
President Obama will nominate Loretta Lynch, currently the U.S. Attorney for the Eastern District of New York, to succeed Eric Holder as the next U.S. Attorney General, ABC has learned. If confirmed, Lynch would become the first African-American woman to lead the Justice Department. Appointed U.S.
7 Credit Mistakes That Could Wreck Your Retirement
Yes, just like clockwork it happened again this year: I got older. As of this week, the Beatles song, "When I'm Sixty-Four," went from being a hypothetical to a reality for me. This means that next year, I will officially become a senior citizen. It's a jarring prospect. Like most baby boomers, I
Fed Plot Terrorist Begs for Leniency, Gets 30 Years
A “serious stammering problem,” a cheating girlfriend and a lack of “real friends” led a young Bangladeshi man down the path of a terrorist, according to a pre-sentencing letter Quazi Mohammed Nafis wrote to a federal judge in New York. Nafis, 21, faces up to...