Tag: Federal Reserve

• Sunday, June 16th 2013 - 13:33 UTC

  Redesigned 100 dollar note begins circulation next 8 October, says Fed

  

  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.

• Wednesday, May 22nd 2013 - 17:55 UTC

  “Fed not ready to take its foot off the gas”, Bernanke tells the US Congress

  

  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.

• Thursday, April 25th 2013 - 19:54 UTC

  Federal Reserve announces day of issue of redesigned 100 dollars bill note

  

  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.

• Monday, April 1st 2013 - 09:17 UTC

  US economy fourth quarter report positive, but still sluggish

  

  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.

• Friday, March 22nd 2013 - 07:04 UTC

  Bernanke de-personalizes his job: the Fed a ‘terrific team’ and ‘no single person is essential’

  

  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.

• Saturday, March 9th 2013 - 04:40 UTC

  US jobs market picks up in February but budget dispute with Congress looms

  

  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.

• Wednesday, February 27th 2013 - 01:14 UTC

  Italy fears knock world stock markets; US recovers on Bernanke’ defence of stimuli

  

  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.

• Tuesday, January 15th 2013 - 06:49 UTC

  Battle over the debt ceiling rages; Bernanke warns economy still too weak

  

  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.

• Monday, December 17th 2012 - 20:53 UTC

  US consumer prices falls in November because of sharp drop in gasoline prices

  

  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.

• Wednesday, December 12th 2012 - 20:35 UTC

  “Soft” dollar until US unemployment rate falls below 6.5% says Fed

  

  The US Federal Reserve has said it plans to keep interest rates at close to zero at least until the US unemployment rate falls below 6.5%. The Fed previously had a date-driven target, rather than a data-driven one.