Steve Matthews

April 05, 2012 | Daily Report Online

Federal Reserve Bank of Atlanta President Dennis Lockhart said the biggest U.S. employment gains in six years will probably be sustained, reducing the need for additional central bank easing."I would have to see some pretty severe circumstances before I endorse for another round of quantitative easing," Lockhart said Tuesday on Bloomberg Radio's "Hays Advantage" with Kathleen Hays.

By Steve Matthews and Kathleen Hays

5 minute read

September 14, 2009 | Daily Report Online

The U.S. economic recovery will probably be "lackluster," hobbled by strains in financial markets and weak consumer spending, Federal Reserve Bank of Atlanta President Dennis Lockhart said."Over the medium term, I see a slow recovery with ongoing repair of the financial sector," Lockhart said Thursday in remarks prepared for a speech in Jacksonville, Fla.

By Steve Matthews

4 minute read

November 28, 2011 | Daily Report Online

Frances Janisch had a daughter five years ago. Now she and her husband may not have a second child because income from their photography business in New York City is erratic."I always imagined I would have two, so it bothers me that I don't," said Janisch, 41, who grew up with a large extended family in South Africa.

By Steve Matthews

9 minute read

July 17, 2008 | Daily Report Online

By Mary Jane Credeur and Steve Matthews

5 minute read

September 02, 2011 | Daily Report Online

By Steve Matthews

5 minute read

September 16, 2010 | Daily Report Online

For the workers at 3630 Peachtree, a new Atlanta office tower that sits 98 percent empty, life can be both lonely and gratifying. "They treat you like a king," said Andy McCartney, a vice president at Mansell Group, as he walks into a building where the digital marketing firm's name is prominently displayed at the entry and its 27 employees enjoy prime space on a floor served by both elevator banks.

By John Helyar and Steve Matthews

9 minute read

September 15, 2009 | Daily Report Online

Federal Reserve examiners failed to rein in practices that led to losses from excessive real estate lending at two banks in California and Florida that later closed, the central bank's inspector general said. Riverside Bank of the Gulf Coast in Cape Coral, Fla., "warranted more immediate supervisory attention" by the Atlanta district bank, Fed Inspector General Elizabeth Coleman said in a report to the central bank's board.

By Steve Matthews

4 minute read

April 22, 2008 | Daily Report Online

The event was a 2002 conference at the University of Chicago to celebrate the Nobel laureate Milton Friedman's 90th birthday. When Ben Bernanke rose to speak, he said that the Federal Reserve, of which he was then a governor, had come around to Friedman's view that the central bank's blunders were to blame for the Great Depression.

By Steve Matthews

23 minute read