Tag: Federal Reserve

• 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.

• Friday, September 20th 2013 - 07:58 UTC

  IMF sides with Obama calls on Republicans to bury political differences

  

  The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.

• Friday, September 20th 2013 - 07:36 UTC

  Brazil’s Mantega becomes supporter of US stimulus and praises Fed’ last decision

  

  Brazilian Finance Minister Guido Mantega, on Wednesday cheered the Federal Reserve's decision to leave stimulus unchanged, saying it may signal an end to market turmoil. Mantega, who gained international fame for using the term “currency wars” to describe rich nations’ efforts to lift exports by weakening their currencies, said a gradual stimulus withdrawal may boost Latin America's largest economy.

• Wednesday, September 18th 2013 - 20:33 UTC

  Fed decides to keep stimulus: fears of economy sluggishness and still slow labour market

  

  In a surprise move after a two-day meeting the US Federal Reserve said on Wednesday that it would continue buying bonds at a rate of 85 billion dollars monthly and expressed concern that a sharp rise in borrowing costs in recent months could weigh on the economy.

• Thursday, September 5th 2013 - 01:59 UTC

  Advanced economies taking the global relay from emerging countries, says IMF

  

  Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter US monetary policy, the IMF said in a note according to Reuters news agency.

• Wednesday, July 24th 2013 - 06:56 UTC

  Fed expected to trim bond buying to 65bn in September, says Bloomberg survey

  

  Federal Reserve Chairman Ben S. Bernanke in September will trim the Fed’s monthly bond buying to 65 billion from the current pace of 85 billion dollars, according to a growing number of economists surveyed by Bloomberg News.

• Monday, July 22nd 2013 - 06:17 UTC

  G20 ministers and bankers pledged to put growth before austerity

  

  The Group of 20 nations pledged to put growth before austerity, seeking to revive a global economy that “remains too weak” and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets.