Federal Reserve Bank of New York News

The Federal Reserve Bank of New York's recent data on college graduates has been a gift that keeps on giving.

As young adults struggle to get out from student loan debt, which averages a whopping $26,000 per student, according to The Project on Student Debt, they're shying away from taking on other forms of debt.

The Federal Reserve Bank of New York reported that during the first quarter of 2013 U.S. households reduced their debt to the lowest level since 2006.

The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends.

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Economists at the Federal Reserve Bank of New York expect slower, trend-like growth this year due to the drag created by government taxation and spending policies, and project things will speed up next year.

She was interviewed by Tom Fox, a guest writer for On Leadership and vice president for leadership and innovation at the nonprofit Partnership for Public Service.

Federal Reserve Chairman Ben S. Bernanke said raising interest rates or reducing asset purchases too soon would endanger the recovery as the economy remains hampered by high unemployment and government spending cuts.

A key Federal Reserve official signaled on Tuesday his openness to slowing the pace of central bank bond buying at some point.

Though many Americans are struggling financially even years after the end of the recent recession, one group that may be having particular difficulties in gaining the kind of independence they may need these days.

Jamie Dimon is wagging his finger from newstands across America this week, above the kind of headline his PR team can only dream of: "DIMON IS FOREVER: Why Jamie Dimon is Wall Street's Indispensable Man". The story itself , by Nick Summers and Max Abelson, consists mainly of rich corporate insider types talking about how wonderful Jamie Dimon is, ... (more)

The Wall Street Journal reports that the average college graduate from the class of 2013 will enjoy a lovely $30,000 in student debt.

But because of about $28,000 in student loans, which she's paid down to about $17,000, the 2010 Xavier University graduate will continue living paycheck to paycheck.

Let's face it. When it comes to graduation gifts, most students would probably prefer cold, hard cash.

A group of community-minded start-ups hope to ease the burden of college tuition with the concept of crowdfunding.

The class of 2013 entered college just as the economic recovery was beginning in June 2009, but while their job prospects are better than other recent graduates, their debt burden is heavier.

On May 6, Judge Mariana Pfaelzer of the United States District Court for the Central District of California allowed American International Group, Inc.

The media fixates on the overall size of student debt. But where you go to school, whether you graduate, and what kind of job you get later may matter much more.

That's the share of respondents who noticed their paychecks had gotten smaller at the start of the year when the payroll tax reverted to the 2010 level of 6.2 percent from 4.2 percent, according to results of a survey commissioned by the Federal Reserve Bank of New York .

Wholesale prices in the U.S. dropped in April by the most in three years, reflecting a decrease in fuel costs that is helping underpin profits.