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 →
By Henry Dubroff / 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 →
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.
By Henry Dubroff / Friday, September 13th, 2013 / Columns, Opinion / Comments Off on Fed chair needs chemistry, consensus building and communications skills
I’m writing about G. William Miller, whose term at the head of the nation’s central bank in the late 1970s was short and tumultuous.
