Tag: Federal Reserve

• Monday, December 10th 2012 - 19:38 UTC

  Standard Chartered will pay 327m dollars for violating US sanctions on Iran

  

  Standard Chartered will pay more than 300 million dollars to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan. The UK-based bank has been fined 100m by the Federal Reserve and the Department of Justice seized assets worth 227m, the regulators said.

• Thursday, October 25th 2012 - 00:10 UTC

  Fed pledges all efforts and policy tools to combat “elevated” unemployment

  

  In its last meeting before the November 6 presidential election, the Federal Reserve confirmed its current fresh-money support program for the recovery of the US economy arguing that growth continues slowly and unemployment rate “remains elevated”.

• Tuesday, October 16th 2012 - 00:07 UTC

  Brazil insists in criticizing US monetary policy, but “we are prepared”

  

  Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.

• Monday, October 15th 2012 - 18:48 UTC

  Bernanke replies to Brazil and IMF on rich countries monetary easing controversy

  

  Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.

• Friday, October 5th 2012 - 22:51 UTC

  Significant drop in US unemployment triggers controversy with former GE CEO

  

  The US unemployment rate fell last month to its lowest rate since January 2009, figures from the Department of Labour have shown, surprising analysts who had been expecting a small rise.

• Tuesday, October 2nd 2012 - 05:54 UTC

  Bernanke says stimulus plan directed to create jobs; discards threats of inflation

  

  Federal Reserve Chairman Ben Bernanke delivered a broad defence on Monday of the central bank's controversial bond-buying stimulus plan, saying its actions are necessary to support a flagging economic recovery.

• Saturday, September 1st 2012 - 06:33 UTC

  Bernanke’s speech sparks enthusiasm but also neutralizes expectations

  

  Federal Reserve Chairman Ben Bernanke said on Friday progress in bringing down US unemployment was too slow and the central bank would act as needed to strengthen the economic recovery.

• Thursday, August 16th 2012 - 01:44 UTC

  US consumer prices in 12 months to July reach 1.4%, down from June’s 1.7%

  

  US consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010. In the 12 months to July the CPI rose 1.4%, slowing from June's 1.7% rise, the US Labour Department said on Wednesday.

• Monday, August 6th 2012 - 22:14 UTC

  Bernanke appeals to the Himalayas to help explain current economic duress

  

  Federal Reserve Chairman Ben Bernanke said that although broad measurements of the United States economy point to recovery, many people and businesses are facing tough times.

• Tuesday, July 17th 2012 - 20:13 UTC

  Bernanke concerned with US economy but with no clues about what steps to follow

  

  Federal Reserve Chairman Ben Bernanke on Tuesday offered few new clues on whether the US central bank was moving closer to a fresh round of monetary stimulus, even as he underscored his concerns over the economy's weakness.