Tag: Federal Reserve

• Thursday, September 8th 2011 - 00:12 UTC

  Review on US economy for Fed’s next meeting shows slow growth, weak activity

  

  The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.

• Wednesday, August 31st 2011 - 09:00 UTC

  Dissenting Fed member pledges unity but makes different reading of data available

  

  Federal Reserve Bank of Minneapolis President Narayana Kocherlakota signalled he would not attempt to annul the Fed’s commitment to keep interest rates near zero through mid-2013.

• Wednesday, August 24th 2011 - 06:47 UTC

  World markets higher on expectations of Bernanke speech Thursday

  

  US stocks shot 3% higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week could signal new help for the US economy, giving investors hope a four-week rout was nearing an end.

• Wednesday, August 10th 2011 - 07:35 UTC

  US, EU and Asian markets rebound strongly on Fed Reserve announcement

  

  Asian markets rebounded after the US Federal Reserve said it will keep interest rates on hold and Wall Street had its best day in two years. The decision by the US central bank to keep rates at current levels until at least 2013 helped stem one of the biggest sell-offs in recent years.

• Tuesday, August 9th 2011 - 20:11 UTC

  Federal Reserve anticipates low rates and current stimuli level through mid-2013

  

  The Federal Reserve said on Tuesday it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that face considerable selling spree.

• Thursday, July 28th 2011 - 11:27 UTC

  US economic recovery slowed down in June says Fed’s Beige Book

  

  The pace of United States economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday in the latest edition of its Beige Book report.

• Thursday, July 14th 2011 - 18:27 UTC

  Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

  

  Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

• Wednesday, July 13th 2011 - 16:30 UTC

  Fed ready to inject new stimulus if US economy remains persistently weak

  

  Federal Reserve Chairman Ben Bernanke said the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

• Thursday, June 30th 2011 - 06:58 UTC

  IMF urges a political agreement on the US federal debt ceiling

  

  Failure by US lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a “severe shock” to a still fragile recovery and global markets, the International Monetary Fund warned.

• Monday, June 27th 2011 - 18:48 UTC

  Federal Reserve will remain biggest buyer of US Treasury bills

  

  The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its 2.86 trillion US dollars balance sheet to keep interest rates low.