Tag: Federal Reserve

• Friday, November 22nd 2013 - 03:21 UTC

  Janet Yellen ready to become the most powerful woman in world finance

  

  The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.

• Thursday, November 21st 2013 - 07:02 UTC

  US 'budget-debt ceiling' political clashes threaten slower world growth, warns OECD

  

  The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.

• Wednesday, November 20th 2013 - 20:49 UTC

  US consumer prices fell 0.1% in October and in the last twelve months was 1%

  

  US consumer prices fell 0.1% in October as petrol prices dropped, the US Labor Department has said. Petrol prices fell 2.9%, the biggest drop since April. The cost of new cars, clothes and healthcare also fell. The decrease meant that annual inflation in the 12 months to October was just 1%.

• Thursday, November 14th 2013 - 07:30 UTC

  Fed chief candidate says US economy still performing “far short” of its potential

  

  Janet Yellen, President Obama's choice to lead the Federal Reserve, said the central bank would not stop its stimulus efforts until the labor market improves and inflation rises. The comments came in a statement prepared for her confirmation hearing before the Senate Banking Committee. Thursday's hearing is a chance for Senators to question Ms Yellen.

• Wednesday, October 30th 2013 - 21:29 UTC

  Fed continues with bond purchases: shutdown of US government affected reliable stats

  

  The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.

• Tuesday, October 22nd 2013 - 23:56 UTC

  US jobs figure validate expectations that Fed stimulus will continue until 2014

  

  US stocks climbed on Tuesday pushing the S&P 500 to a new intraday record, after weaker-than-expected job creation last month validated expectations the Federal Reserve will maintain its economic stimulus into next year.

• Thursday, October 10th 2013 - 00:35 UTC

  Obama nominates ‘pro-jobs’ Yellen to head the Federal Reserve

  

  President Barack Obama has nominated Federal Reserve Vice-Chair Janet Yellen to run the world's most influential central bank and urged the Senate to confirm her without delay. Yellen, an advocate for aggressive action to stimulate US economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.

• Tuesday, October 8th 2013 - 18:32 UTC

  IMF forecasts sluggish expansion in developing world; trims global output estimate

  

  The International Monetary Fund trimmed its forecasts for global output for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world

• Tuesday, October 8th 2013 - 06:29 UTC

  US Fed issues the new hi-tech 100 dollar bill with 3D security ribbon

  

  The US Federal Reserve has issued a new hi-tech 100 dollar banknote comprising several new security features. It includes a blue 3D security ribbon and a bell and inkwell logo that authorities say are particularly difficult to replicate.

• Thursday, September 26th 2013 - 22:43 UTC

  Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

  

  New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.