by Associated Press Published: January 26,2012
World stock markets rose Thursday after the U.S. Federal Reserve pledged to keep interest rates low until late 2014 to nurture the country’s stubbornly slow economic recovery. The Fed cut rates to near zero in December 2008 during the financial crisis and has held them there ever since. The announcement that it expected rates to remain [...] [...]
by Associated Press Published: January 10,2011
Tags: Federal Reserve, U.S. Treasury
The Federal Reserve paid a record $78.4 billion in earnings to the U.S. government last year, reflecting gains from the central bank’s unconventional efforts to lift the economy. The payment to the Treasury Department is the largest since the Fed began operating in 1914. It surpasses the previous record $47.4 billion paid in 2009, the Fed [...] [...]
by Associated Press Published: November 8,2010
Tags: Federal Reserve, lending, Small Business
Banks loosened lending standards for small businesses over the past three months but demand for loans remained weak, the Federal Reserve said Monday. It marks the second time in nearly four years that banks have made loans easier for small businesses to obtain, according to the Fed’s new quarterly survey. The first breakthrough came in August, [...] [...]
by Associated Press Published: November 8,2010
Tags: Federal Reserve, Obama
President Barack Obama has sidestepped a question of whether the Federal Reserve may have weakened the value of the dollar by purchasing $600 billion worth of government bonds to aid the economy. Obama noted at a news conference in New Delhi that the Fed “doesn’t take orders from the White House,” saying it would be inappropriate [...] [...]
by Associated Press Published: November 3,2010
Tags: Federal Reserve, recession
The Federal Reserve is poised to adopt a new plan to jolt the economy. It’s a high-stakes gamble that could shape Chairman Ben Bernanke’s legacy. The Fed is all but certain to detail its plan for buying more government bonds when it wraps up its two-day meeting Wednesday. Those purchases should further lower interest rates on [...] [...]
by Associated Press Published: October 12,2010
Tags: Federal Reserve, Stocks
Traders pushed shares higher Tuesday after minutes from the latest Federal Reserve meeting kept hope alive that the central bank would take more action to stimulate the economy. The Fed had said after its Sept. 21 meeting that it was concerned that inflation was too low, and suggested it could step up its purchases of government [...] [...]
by Associated Press Published: October 4,2010
Tags: Federal Reserve
Two new members have been installed on the Federal Reserve, which has enormous power over Americans’ pocketbooks. Janet Yellen becomes vice chairwoman, the Fed’s second-highest ranking official, and Sarah Bloom Raskin is now a governor. Both were sworn into their jobs on Monday. They were tapped by President Barack Obama to fill vacancies on the Fed’s [...] [...]
by Associated Press Published: September 22,2010
Tags: economy, Federal Reserve, recession
The Federal Reserve, meeting for the last time before an election that hinges on the weak economy, edged closer Tuesday to jumping in to help and suggested it’s more worried about prices falling than rising. The central bank gathered as new figures showed some improvement in home construction. But those same figures showed the pace of [...] [...]
by Associated Press Published: September 21,2010
Tags: Federal Reserve, interest rates
The Federal Reserve offered a dim view of the economy Tuesday and signaled it’s prepared to provide new relief if necessary. At the end of its meeting, the Fed held off on taking any new steps to rejuvenate the economy and drive down unemployment. Instead, the Fed is prepared to see if the economy can heal [...] [...]
by Associated Press Published: September 21,2010
Tags: Federal Reserve, interest rates
Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment. Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will be looking to see if the Fed offers [...] [...]
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