Tag: Federal ReserveFederal Reserve
The International Monetary Fund cautioned on the possible risks of the United States ‘non timely’ unwinding of the stimuli program implemented by the Federal Reserve and the collateral effects that such a policy could have on emerging economies, as those in Latinamerica.
The Federal Reserve Board on Wednesday announced that the redesigned 100 dollar note will begin circulating on 8 October 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
The Federal Reserve's monetary stimulus is helping the US economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday.
The Federal Reserve Board on Wednesday announced that the redesigned 100 dollars note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
The US economy grew at a faster than expected 0.4% in the fourth quarter of 2012, the Department of Commerce has said. The annualised figure was better than an earlier estimate of 0.1% growth, reflecting increased investments in plant and equipment.
Federal Reserve Chairman Ben Bernanke admitted speaking to President Barack Obama about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the US economy.
Hiring in the US has gathered momentum after government figures showed that the economy created 236.000 jobs in February. The figure was much higher than analysts had expected, and more than the 157,000 jobs created in January.
World stock markets and southern European government bonds sank on Tuesday on fears that political stalemate in Italy would leave its economic reforms in tatters and reignite the Euro zone's broader debt crisis.
Federal Reserve Chairman Ben Bernanke urged US lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that the economy was still at risk from political gridlock over the deficit.
US consumers prices fell in November due to a sharp drop in petrol prices, according to official figures, as inflation in the economy remained weak. The consumer price index fell 0.3% from October, the first decline since May, the US Labour Department said.