Tag: Federal Reserve

• Thursday, March 24th 2011 - 07:08 UTC

  Federal Reserve board member warns about “extraordinary speculative activity”

  

  United States Federal Reserve Bank of Dallas President Richard W. Fisher said he sees “extraordinary speculative activity” in the US after the central bank pumped record amounts of stimulus into the economy.

• Wednesday, March 16th 2011 - 00:41 UTC

  Fed leaves rates unchanged with the US economy on a ‘firmer footing’ recovery

  

  Arguing that the US economic recovery is on a firmer footing, and overall conditions in the labour market appear to be improving gradually, the Federal Reserve on Tuesday left interest rates unchanged at a record low of zero to 0.25% since December 2008.

• Thursday, March 3rd 2011 - 05:18 UTC

  US inflation ‘under control’; jobs insufficient to absorb new graduates, says Bernanke

  

  The recent hike in oil prices will likely cause a “temporary and relatively modest increase in U.S. consumer price inflation,” but sustained increases could pose a more serious threat to the economy, Federal Reserve Chairman Ben Bernanke said earlier this week.

• Thursday, February 17th 2011 - 03:25 UTC

  Brazil as concerned with the US dollar as with China’s Yuan

  

  Brazil is as concerned about the decline of the U.S. dollar as it is about the Chinese currency and has no plans for a joint initiative with Washington to press China to let its currency appreciate faster, said Finance Minister Guido Mantega

• Thursday, February 17th 2011 - 02:38 UTC

  The Fed confident about economic recovery but depressed with job market

  

  US Federal Reserve officials are increasingly confident of the economic recovery but remain unsatisfied with the healing of the job market, minutes of their January meeting released showed.

• Thursday, February 10th 2011 - 05:50 UTC

  Bernanke warns US job creation too weak and calls for budget discipline

  

  US unemployment remains too high for policymakers' comfort despite signs of strength in the economic recovery, Federal Reserve Chairman Ben Bernanke said. In testimony to the US House of Representatives' Budget Committee that largely echoed a speech he delivered last week, Bernanke also warned about the dangers of unsustainable budget deficits.

• Friday, February 4th 2011 - 21:17 UTC

  US recovery still needs help for stronger job creation, says Bernanke

  

  The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.

• Friday, January 28th 2011 - 14:22 UTC

  Euro is Not Going Through a Crisis According to European Central Bank President

  

  The euro is not going through a crisis, although in some countries if the EU there are problems which must be solved, said the President of the European Central Bank Jean Claude Trichet. “There is no euro crisis. That is absolutely clear,” he added.

• Wednesday, December 15th 2010 - 04:31 UTC

  Fed admits economic recovery too soft to bring down unemployment level

  

  The US economic recovery is still too soft to bring down the country's high level of unemployment, the Federal Reserve warned on Tuesday. The central bank made the comment as it reaffirmed its commitment to continue purchasing 600 billion in bonds to stimulate the economy.

• Wednesday, November 24th 2010 - 20:55 UTC

  US on the path of Japan’s stagflation of 18 years ago, says Nobel Prize

  

  Economics 2008 Nobel Prize Paul Krugman said the United States is heading along a path of stagnation and deflation similar to that of Japan 18 years ago given the critical economic situation and the uncertain political scenario following the recent mid term elections that brought to Congress diehard Republicans.