Fed Vows Patience on Rates, Drops ‘Considerable Time’
Wording change is consistent with recent policy moves and is meant to give Fed flexibility to raise rates if economy accelerates.
Fed Keeps ‘Considerable Time’ Pledge as Growth Is ‘Moderate’
The Federal Reserve maintained a commitment to keep interest rates near zero for a “considerable time” after asset purchases are completed.
Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
“A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the FOMC said today.
Yellen’s Economy Echoes Arthur Burns More Than Greenspan
Federal Reserve Chair Janet Yellen faces an economy that is starting to look more like the 1970s than the 1990s.
Fed’s Hoenig: Forget the Economy, Focus on Finances
One day before policymakers meet in Jackson Hole, Wyo. Federal Reserve Bank of Kansas City President Thomas Hoenig said there’s only so much the central bank can do to help the economy, and that the policy should pivot to focus on the country’s fiscal problems.
Fed Announcement Helps U.S. Stocks Rebound
U.S. stocks surged Tuesday after Federal Reserve policymakers announced that they planned to keep rates in a very low range for the next two years.
Fed Says Economy Needs $600 Billion QE2 Program
The economy isn't growing fast enough to lower unemployment and still needs the benefit of the Federal Reserve's $600 billion Treasury bond-purchase program, Fed policymakers said Wednesday.