Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
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Supervision should be an alternative to monetary policy actions for dealing with asset bubbles and imbalances, Federal Reserve Bank of Boston president and chief executive officer Eric Rosengren said yesterday.
By Gary SiegelMarch 3 -
The federal funds target rate will remain exceptionally low for an extended period, Federal Reserve Bank of Atlanta president and chief executive officer Dennis Lockhart said yesterday.
By Gary SiegelMarch 3 -
The regulatory reform proposals before Congress do not offer “meaningful reform” and could lead to more future crises rather than avert them, Federal Reserve Bank of Philadelphia president and chief executive officer Charles Plosser said yesterday.
By Gary SiegelMarch 3 -
NEW YORK – Nine of the twelve Federal Reserve Districts reported improved economic activity, generally modest, despite severe snowstorms, which held back activity in several districts, according to the Federal Reserve’s Beige Book.
By Gary SiegelMarch 3 -
NEW YORK – The fed funds target rate will remain exceptionally low for an extended period of time, Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart reiterated today.
By Gary SiegelMarch 3 -
NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated March 4, due April 29, at a 0.125% high tender rate.
By Gary SiegelMarch 3 -
NEW YORK - The Institute for Supply Management's non-manufacturing business activity composite index was 53.0 in February, up from 50.5 in January, on a seasonally adjusted basis, the group said today.
By Gary SiegelMarch 3 -
NEW YORK – Supervision should be an alternative to monetary policy actions for dealing with asset bubbles and imbalances in the economy or financial system, Federal Reserve Bank of Boston President and Chief Executive Officer Eric S. Rosengren said today.
By Gary SiegelMarch 3 -
NEW YORK – The regulatory reform proposals before Congress do not offer “meaningful reform” and could lead to more future crises rather than averting them, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plossersaid today.
By Gary SiegelMarch 3 -
The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
By Gary SiegelMarch 2 -
The federal funds rate cannot remain zero forever, and it should be raised “sooner rather than later” Federal Reserve Bank of Kansas City president Thomas Hoenig said yesterday.
By Gary SiegelMarch 2 -
While many economic forecasters predict real gross domestic product will grow at a 3% pace this year and a 4% pace in 2011, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday he believes growth will be a little slower, averaging 3% over the next two years.
By Gary SiegelMarch 2 -
NEW YORK – Many private forecasters and the Federal Open Market Committee predict real gross domestic product will grow at a 3% pace this year and 4% next year, but Federal Reserve Bank of Minneapolis President Narayana R. Kocherlakota said today he believes growth will be a little slower, averaging 3% over the next two years.
By Gary SiegelMarch 2 -
NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
By Gary SiegelMarch 2 -
NEW YORK – The fed funds rate can’t remain zero forever, and it should be raised “sooner rather than later” Federal Reserve Bank of Kansas City President Thomas Hoenig said today.
By Gary SiegelMarch 2 -
About 3,957,000 online job postings appeared on leading Internet job boards in February, a 66,900 decrease from January’s 4,023,900, the Conference Board reported yesterday.
By Gary SiegelMarch 1 -
The overall economy grew for the tenth straight time while the manufacturing sector expanded for the seventh time, the Institute for Supply Management reported yesterday. The ISM index dipped to 56.5 in February from 58.4 in January.
By Gary SiegelMarch 1 -
Financial system health depends on the return of market discipline, Federal Reserve Bank of Richmond president Jeffrey Lacker said yesterday.
By Gary SiegelMarch 1 -
Federal Reserve Board vice chairman Donald L. Kohn yesterday announced he intends to resign when his term expires on June 23, the Fed said.
By Gary SiegelMarch 1 -
NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.125% high rate, up from 0.100% the prior week, and the six-months incurred a 0.185% high rate, off from 0.190% the week before.
By Gary SiegelMarch 1