Loans ‘Designed to Fail’: States Say Navient Preyed on Students

By STACY COWLEY and JESSICA SILVER-GREENBERG April 9, 2017 Ashley Hardin dreamed of being a professional photographer — glamorous shoots, perhaps some exotic travel. So in 2006, she enrolled in the Brooks Institute of Photography and borrowed...

Economic View: The Economy May Be Stuck in a Near-Zero World

April 7, 2017 Economic View By JUSTIN WOLFERS When the Federal Reserve lowered interest rates to close to zero during the financial crisis, it was an extraordinary move. The central bank had hit the limits of conventional monetary policy, leaving the recovery to...

Richmond Fed President Resigns, Admitting He Violated Confidentiality

By BINYAMIN APPELBAUM April 4, 2017 WASHINGTON — Jeffrey M. Lacker, the president of the Federal Reserve Bank of Richmond in Virginia, resigned abruptly on Tuesday, saying that he had broken the Fed’s rules in 2012 by speaking with a financial...

Economic Scene: Fed’s Challenge, After Raising Rates, May Be Existential

March 14, 2017 Eduardo Porter ECONOMIC SCENE Is the Fed at risk for real this time? Throughout American history, few institutions have inspired such persistent mistrust among voters and their elected officials as the mysterious authority that determines the value of...

Raphael Bostic to Be First Black President of a Fed Regional Bank

By BINYAMIN APPELBAUM March 13, 2017 WASHINGTON — The Federal Reserve Bank of Atlanta on Monday shattered a 104-year-old racial barrier by naming Raphael W. Bostic as its new president. Mr. Bostic, an economist and a former housing policy official in...

The Week Ahead: Board to Decide Puerto Rico’s Financial Future; Fed Rate Boost Is on Way

Puerto Rico hopes to restructure more than $110 billion of debt and pension obligations — if it can produce a credible plan. The Fed on Wednesday is likely to give an indication of its future plans.