Tag: Federal Reserve

• 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.

• Saturday, November 20th 2010 - 02:30 UTC

  Bernanke warns about two-speed recovery which could end in slow growth for all

  

  The United States central bank chairman Ben Bernanke has criticised countries like China that run large trade surpluses. He said that by buying dollars, these countries were hurting the US recovery and the global economy with it.

• Tuesday, November 9th 2010 - 12:43 UTC

  Gold soars to new record; up 7% in the last week, 29% in 2010

  

  The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.

• Saturday, November 6th 2010 - 07:34 UTC

  Bernanke explains what the Fed did and why: deflation and stagnation fears

  

  Following the latest decision from the Fed to pump more money into the US economy which triggered a barrage of criticisms from overseas, chairman Ben Bernanke in a column published in The Washington Post explains what it did an why.