Tag: Federal Reserve

Thursday, June 19th 2014 - 06:09 UTC
Fed cuts US growth forecast, but will also further trim stimulus program

The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.
Tuesday, June 17th 2014 - 06:27 UTC
IMF cuts US growth forecast and recommends 'continued policy support'

The International Monetary Fund cut its growth forecast for the United States and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to take its time before raising interest rates.
Friday, June 13th 2014 - 07:32 UTC
Easy-monetary policy advocates join the Federal Reserve; Fischer confirmed vice-chairman

The US Senate confirmed on Thursday Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.
Thursday, May 22nd 2014 - 00:31 UTC
Fed minutes confirm a retreat from easy monetary policy; concerns regarding job creation

Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial system.
Thursday, May 1st 2014 - 06:58 UTC
Fed optimistic about US economy; pares securities purchases by another 10bn dollars

The Federal Reserve looked past a dismal reading on first quarter US growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus. Latest information indicates that economic activity has picked up after having slowed sharply during the winter in part because of adverse weather conditions, the central bank said on Wednesday.
Friday, March 28th 2014 - 06:31 UTC
US Fed rejects Citigroup plans to boost dividends for shareholders

US Federal Reserve has rejected plans by Citigroup to buy back shares and boost dividends for shareholders. It cited deficiencies in the bank's ability to plan for how stressful situations would hurt its business. The decision is a setback for Citigroup boss Michael Corbat who was brought in to bolster internal controls after the bank failed stress tests two years ago.
Thursday, March 20th 2014 - 03:26 UTC
US Fed hints interest rates could start to rise in early 2015 as jobs picture improves

The US Federal Reserve Chair Janet Yellen hinted on Wednesday that interest rates in the US could start to rise in early 2015, that is six months after it halts its monthly bond-buying program. Ms Yellen made the remarks after the Fed said it will scale back bond purchases by a further 10bn dollars per month.
Friday, February 28th 2014 - 02:36 UTC
Fed asks US Congress to look into legal option for regulating virtual currencies such as bitcoin

The US Congress should look into legal options for regulating virtual currencies such as bitcoin, said Federal Reserve Chair Janet Yelleny. Japan-based bitcoin exchange Mt. Gox went dark leaving customers unable to access their accounts. Experts have warned they might not have much recourse to recover their money.
Thursday, February 20th 2014 - 04:18 UTC
IMF concerned with risks in emerging markets from pulling back stimulus too quickly

Advanced economies, including the United States, must avoid pulling back stimulus too quickly given the weak global economic recovery and recent market volatility highlights key risks in some emerging markets, the International Monetary Fund said on Wednesday.
Wednesday, February 19th 2014 - 04:44 UTC
Fed adopts tighter new rules for foreign banks to shield US taxpayers

The US Federal Reserve adopted tight new rules for foreign banks to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.