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Policy normalization must continue

By   /  Friday, June 10th, 2016  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Policy normalization must continue

By Dan E. Hamilton Since 2008, the Federal Reserve has been engaged in an unprecedented experiment, one without any economic theory to recommend it. Its policies are internally inconsistent. Some work to restrict credit. Others ease credit. The 2007 failure of New Century Financial, a leading subprime lender, did not derail the economy. However, when Read More →

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U.S. unlikely to experience negative interest rates

By   /  Thursday, May 5th, 2016  /  Banking Industry, Latest news  /  Comments Off on U.S. unlikely to experience negative interest rates

Story updated at 10:30 a.m.: The U.S. is unlikely to experience negative interest rates, Federal Reserve Bank of St. Louis President and CEO James Bullard said at the UC Santa Barbara Economic Summit at the Granada Theater on May 5. He said U.S. labor market strength justifies the Fed’s vision of gradually rising rates and Read More →

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2016 expected to be good year for real estate in Tri-Counties

By   /  Friday, January 1st, 2016  /  Columns, Latest news, Real Estate  /  Comments Off on 2016 expected to be good year for real estate in Tri-Counties

Despite the slight increase of interest rates and the drought’s persistence, real estate brokers are bullish on 2016. The Federal Reserve’s decision to gradually raise interest rates throughout 2016 will not likely have a short-term impact on development and real estate activity, industry sources told the Business Times. And while the city of Pismo Beach Read More →

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Fed rate increase should help take risk out of financial markets

By   /  Friday, December 18th, 2015  /  Columns, Latest news  /  Comments Off on Fed rate increase should help take risk out of financial markets

The Federal Reserve’s decision to slowly begin the process of normalizing interest rates may not have all that much to do with the economy or inflation. The economy isn’t really overheated and any threat of inflation remains far off in the future. Parsing the Fedspeak of the Dec. 16 announcement that regulators are “reasonably confident” Read More →

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City National bank CEO heralds Fed decision to raise rates

By   /  Thursday, December 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on City National bank CEO heralds Fed decision to raise rates

The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →

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Measure of business inventory could dictate future of interest rates

By   /  Friday, October 9th, 2015  /  Latest news  /  Comments Off on Measure of business inventory could dictate future of interest rates

NEW YORK —  An often-overlooked measure of business inventories may hold a powerful clue to the future direction of interest rates, an influential Federal Reserve official said Oct. 9. Dennis Lockhard, president of the Federal Reserve Bank of Atlanta, told a group of business journalists that his staff’s analysis of third quarter GDP has reported Read More →

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Dubroff: Low interest rates are a poor substitute for government that works

By   /  Friday, February 20th, 2015  /  Columns, Latest news, Opinion, Top Stories  /  Comments Off on Dubroff: Low interest rates are a poor substitute for government that works

Just consider the post-Presidents Day developments in one area with huge potential to create thousands of new businesses and millions of new jobs — immigration reform.

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