Tag: Federal Reserve

• Friday, June 24th 2011 - 22:44 UTC

  US economy expanded at a 1.9% annual pace in the first quarter

  

  The United States economy grew at a 1.9% pace in the first quarter marking the start of what Federal Reserve policy makers anticipate is a temporary slowdown in growth.

• Wednesday, June 22nd 2011 - 23:36 UTC

  Fed admits it does not have a “precise read” of why US economy is slowing

  

  The Federal Reserve has cut its growth forecast for the US economy in the face of the impact of higher energy prices. It now estimates that the US economy will expand between 2.7% and 2.9% this year, down from its April forecast of 3.1% to 3.3%.

• Friday, June 10th 2011 - 03:56 UTC

  Record exports in April helped to lower US trade deficit by 6.7%

  

  Exports of US goods and services rose to a record 175.6bn in April, helping to shrink its trade deficit. Data from the Commerce Department showed the gap between imports and exports fell by 6.7% to 43.7bn as manufacturers shipped more items such as computers.

• Thursday, June 9th 2011 - 22:26 UTC

  IMF says US does not need additional monetary stimulus

  

  The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.

• Thursday, June 9th 2011 - 00:54 UTC

  Bernanke argues strong demand for commodities is depressing US dollar value

  

  US Federal Reserve rejected criticism that its actions (‘accommodative monetary policy’) have pushed down the foreign exchange value of the US dollar and thereby boosted the price of commodities, adding that the Fed is “fully committed” to maintaining the dollar’s purchasing power and to keeping inflation in check.

• Wednesday, June 8th 2011 - 23:38 UTC

  Bernanke admits US recovery is “frustratingly slow”, but will gain speed in second half

  

  US Federal Reserve Chairman Ben Bernanke said the “frustratingly slow” US recovery warrants sustained monetary stimulus while predicting that growth will gain speed in the second half of the year.

• Friday, April 29th 2011 - 21:37 UTC

  US economy still slow says Fed; polls show Americans gloomy but optimistic

  

  The US economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the US central bank has studied lower income communities.

• Thursday, April 28th 2011 - 01:50 UTC

  Fed in no rush to scale down liquidity support; inflation trends ‘subdued’

  

  The Federal Reserve said on Wednesday it will maintain the current rates and is in no rush to scale back its extensive support for the US economy while estimating that the increase in commodity prices (and inflation) is transitory.

• Wednesday, April 20th 2011 - 02:27 UTC

  Brazil trusts the Fed will end liquidity program in July thus boosting the US dollar

  

  Brazil believes the impact of an undervalued US dollar which is appreciating other currencies such as the Brazilian Real, ‘won’t last long’ according to forecasts from Finance Minister Guido Mantega.

• Thursday, April 7th 2011 - 08:53 UTC

  Fed minutes show members sharply divided on how to address rising prices

  

  Members of the US Federal Reserve are in sharp disagreement about how to address rising prices. The bank might need to tighten the reins on the economy before the end of the year to stave off inflation, said some members of the central bank's policy-setting body.