Economy Grew In February Despite Snowstorms
Mar 3rd, 2010 · The Federal Reserve's Beige Book survey also shows that the recovery is managing to plod ahead but not at a strong enough pace to persuade companies to ramp up hiring.
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Bernanke Sentence Moves Market
Feb 26th, 2010 · This week has been a crucial one for the U.S. economy. Chairman Ben Bernanke testified before Congress on the Federal Reserve's exit-strategy. That is: How will officials turn the life support system off for the U.S. financial sector without destroying the system.
Bernanke Says Low Interest Rates Still Needed
Feb 24th, 2010 · The Federal Reserve chairman tells a House panel that the low rates remain necessary to ensure the economic recovery will last and to help cushion the effects of high unemployment.
Bernanke Says Low Interest Rates Still Needed
Feb 24th, 2010 · The Federal Reserve chairman tells a House panel that the low rates remain necessary to ensure the economic recovery will last and to help cushion the effects of high unemployment.
January Consumer Prices Rise Less Than Expected
Feb 19th, 2010 · Consumer prices edged up 0.2 percent last month, while prices excluding food and energy slipped 0.1 percent — the first monthly decline since December 1982. The benign inflation news gives the Federal Reserve more time to keep interest rates at record-low levels.
Fed Raises Bank Loan Rate
Feb 19th, 2010 · The Federal Reserve says improved financial market conditions allowed it to raise a key short-term interest rate. Officials are raising the discount rate by .25 percent to a still exceptionally low .75 percent. The discount rate is the rate at which banks can borrow directly from the Fed on a short-term basis. It's the first time the Fed has increased the discount rate in more than three years.
Fed Raises 'Discount' Lending Rate To Banks
Feb 18th, 2010 · The Federal Reserve is boosting the rate banks pay for emergency loans by one-quarter point, to 0.75 percent. The "discount" rate increase is part of a broader move to pull back the extraordinary aid it provided to fight the economic crisis. The move won't directly affect borrowing costs for Americans, but it brings the Fed's main crisis lending program closer to normal.
Bernanke Wins Second Term As Fed Chief
Jan 29th, 2010 · The Senate has voted 70-30 to give Ben Bernanke a new four-year term as chairman of the Federal Reserve. President Barack Obama says he's gratified and looks forward to working with him in the days ahead. David Wessel of The Wall Street Journal talks to Steve Inskeep about the Senate's vote, which was the smallest margin ever given to a chairman in the Fed's history.
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