PALO ALTO, California (Reuters) - Stanley Fischer, U.S. President Barack Obama's pick for the No. 2 job at the Federal Reserve, said on Friday that decades of crisis-fighting have taught him the importance of making policy decisions quickly, even befor...
Last week, at her ceremonial swearing in at the imposing atrium of the Federal Reserve Board in Washington, D.C., Janet Yellen gave a remarkable speech. Short -- less than three pages double-spaced -- it nevertheless conveyed what Chair Yellen brings to the table. Her remarks began with a few standard points about the mission of the Federal Reserve. Show More Summary
The record drop in U.S. government securities held in custody at the Federal Reserve is fueling speculation that Russia may have shifted its holdings out of the U.S. as Western nations threaten... To view the full story, click the title link.
In the week through Wednesday, March 12, the amount of U.S. Treasury securities held in custody for foreign official and international accounts (i.e., central banks) at the Federal Reserve dropped by a staggering $104.5 billion, marking what was far and away the biggest weekly drop on record. Show More Summary
The Obama administration has repeatedly complained about Republican blocking tactics in the Senate. In this context, it is worth remembering that the Democrats blocked President Bush’s last three nominees to the Federal Reserve Board. Show More Summary
(Reuters) - The U.S. housing sector, whose rise and subsequent crash has made the recovery from the last recession the slowest in decades, now appears to be on a "sustainable rebound," a top Federal Reserve official said.
Bull market critics have long said stocks are soaring mainly because of the Federal Reserve's stimulus program known as quantitative easing (QE). According to QE bashers, stocks have been falsely
The Federal Reserve's balance sheet grew to $4 trillion at the end of last year, and the larger securities holdings earned it enough interest to remit $79.6 billion to the U.S. Treasury.
China avoided prolonged economic pain during and after the recession because, unlike the U.S., its government enacted a “bold and powerful” stimulus package, two researchers argue in a new paper from the Federal Reserve Bank of St. Louis.
By Marc Chandler: Talk that Russia could be behind the bulk of the more than $100 bln drop in the Federal Reserve's custody holdings for foreign central banks, in the week ending Wednesday has many observers scratching their heads. This would represent about eighty percent of their dollar holdings. Show More Summary
WASHINGTON (Reuters) - U.S. producer prices fell in February, reinforcing the view that minimal inflation pressures could keep the Federal Reserve from raising interest rates for quite some time.
Federal Reserve officials, all over 50, have seen far higher rates of inflation during their adult lives than the average American has.
Most economists surveyed by The Wall Street Journal think the Federal Reserve won’t raise interest rates before June 2015 despite a falling unemployment rate and improving economy.
WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on average Americans.
For the first time in years, some Federal Reserve officials and private-sector economists are talking about tighter labor conditions.
Federal Reserve officials have signaled they’re looking closely at signals the Bank of England is sending about interest rates as the Fed considers a new framework for its own guidance on the future path of rates.
Between 2007 and 2009, the Federal Reserve—the US central bank tasked with regulating unemployment and inflation—handed out an unprecedented $20 trillion in super-low interest loans to failing Wall Street banks. The 2010 Dodd-Frank financial...Show More Summary
WASHINGTON (Reuters) - The Federal Reserve has already begun to put the super-easy monetary policies of the last five years behind it, Fed vice chair nominee Stanley Fischer told U.S. lawmakers on Thursday.
Stanley Fischer, President Barack Obama's pick for Federal Reserve Vice Chairman, said Thursday the central bank's exit from extraordinary monetary policies has already started with the reduction of its bond-buying program.