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Tag Archives: Federal Reserve

3 Fed nominees signal support for current policy

WASHINGTON — Three nominees for the Federal Reserve’s board expressed their support Thursday for the Fed’s efforts to bolster the U.S. economy. Their comments suggested that the Fed’s low-interest-rate policies will continue if they win confirmation. Stanley Fischer, who has ...

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Yellen: Fed monitoring recent economic data

WASHINGTON — Federal Reserve Chair Janet Yellen noted Thursday that some recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. She said the Fed will be watching to see whether the slowdown proves only a ...

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Transcripts show Fed slow to grasp crisis

WASHINGTON — The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude. “We’re crossing certain lines. We’re doing ...

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Fed looks to continued paring of stimulus

WASHINGTON — Federal Reserve officials agreed at their January meeting that further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving. Officials discussed the need to stress to investors that the Fed’s key short-term ...

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Yellen: Expect continuity at the Fed

WASHINGTON — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month. Yellen told Congress that if ...

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Despite market unrest, Fed likely to pare stimulus

WASHINGTON — Just as Ben Bernanke prepares to turn the chairmanship of the Federal Reserve over to Janet Yellen, global markets are on edge over the prospect that she’ll extend a policy he began: a steady pullback in the Fed’s ...

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5 ways Fed’s influence has expanded in 100 years

WASHINGTON — The press called it an early Christmas present for President Woodrow Wilson: On Dec. 23, 1913, Congress passed legislation creating the Federal Reserve. Hours later, Wilson signed the Federal Reserve Act into law. No one at the White ...

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Yellen reiterates support for Fed’s bond buying

WASHINGTON — Janet Yellen says a “strong majority” of Federal Reserve officials think the Fed’s low-interest-rate policies have supported a still-recovering U.S. economy. Yellen says the U.S. economy would likely be weaker if the central bank had not acted aggressively. ...

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