Fed Changes Interest Rate Policy, Linking to Wider Data Range
The Fed gave itself room to keep interest rates low by dropping a linkage between the benchmark interest rate and a specific level of unemployment.
Fed Links Rate Outlook to Range of Data; Drops 6.5% Jobless Threshold
FOMC said ‘highly accommodative stance of monetary policy remains appropriate’ before its first meeting led by Janet Yellen.
Junk Bonds at $2 Trillion as Gundlach Pulls Back
“They’ve squeezed all the toothpaste out of the tube,” DoubleLine CEO Jeffrey Gundlach says.
Yellen Saw Economy at ‘Brink of Recession’ in January 2008
Janet Yellen saw the U.S. economy “at, if not beyond, the brink of recession” in January 2008, according to Fed transcripts released Friday.
Yellen: Steady Fed Policy Could Shift With ‘Notable’ Economic Change
Fed Chief Janet Yellen said that while she expects continuity in Fed policy, pausing or increasing bond purchases was not out of the question.
Russell Investments Chief Economist Dueker Found Dead
Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the police.
Surprising Jobless Rate Decline Runs Into Fed Rate Policy
The Fed said in 2012 that interest rates would remain near zero until unemployment fell to 6.5%—it’s now at 6.7%.
Disappointing Jobs Report Fuels Rally in Treasuries, Gold
Treasuries rallied with gold and the dollar retreated after U.S. payrolls rose less than forecast in December, easing concern stimulus cuts would accelerate.
Most Fed Officials Backed Tapering of QE
They saw an improving job market coupled with diminishing economic benefits to further bond buying, FOMC meeting minutes show.
House Committee Promises ‘Vigorous’ Oversight of Yellen’s Fed
The House Financial Services Committee plans to hold a series of "aggressive" hearings this year on how to reform the central bank.