Tag: Federal Reserve

• 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.

• 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.