Category Archives: NAA News

Yellen Leaves Rate Hike Options Open at Jackson Hole as Labor Market “Yet to Fully Recover”

Federal Reserve Chair Janet Yellen took center stage in Jackson Hole, Wyoming Friday morning to address her fellow central bankers, as well as the financial market participants watching with bated breath from around the world. The theme of this year’s conference is “Re-Evaluating Labor Market Dynamics,” and in her speech Yellen was somewhat positive yet introspective about the state of the labor market but did not provide the policy clarity investors were hoping for.  Read more...
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Australia’s Jobless Rate Should Worry Fed

A jobless rate in Australia that surpasses the U.S. level may not seem like a problem for Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi. But it may be a sign of the overconfidence that affects central bankers everywhere. Folks in "The Lucky Country" have long been blessed with top-notch monetary policy makers. There has been no recession on the watch of Reserve Bank of Australia Governor Glenn Stevens or under his predecessor, Ian Macfarlane, who served from 1996 to...
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Obama could curb corporate “inversions” on his own:ex-US official

WASHINGTON (Reuters) - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

By invoking a 1969 tax law, Obama could bypass congressional gridlock and restrict foreign tax-domiciled U.S companies from using inter-company loans and interest deductions to cut their U.S. tax bills, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama...

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