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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 34-44
  • Fed's Fisher unworried by current low inflation

    AUSTIN (Reuters) - Dallas Federal Reserve Bank President Richard Fisher said he is "not uncomfortable" with the current low level of U.S. inflation, and will not vote for or support any policy that drives it above the Fed's long-term 2-percent goal....
  • Fed's Fisher: QE3 taper should continue, end in fall

    AUSTIN (Reuters) - The Federal Reserve will continue to trim its massive bond-buying program and end it this fall, a top Fed official predicted on Wednesday, adding that interest rates will stay near zero until at least then and probably some time beyond....
  • BofA reports first quarterly loss since 2011 on lofty legal bill

    (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. Revenue...
  • Yellen says making 'very meaningful' progress in U.S. jobs market

    NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy was making "very meaningful progress" toward full employment but had some way to go yet. "I do think we are seeing very meaningful progress, although clearly ......
  • Fed's Yellen says rates will need to rise as recovery takes hold

    NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen said on Wednesday U.S. interest rates will need to rise as the economy recovers even though risks to the Fed's inflation target are currently to the downside rather than the upside. "I hope it's...
  • Fed should try to align projections with policy statement: Lockhart

    ATLANTA (Reuters) - The U.S. Federal Reserve should try to make its communications on the expected path of interest rates more consistent with its policy statements, a top official at the central bank said on Wednesday. Dennis Lockhart, president of...
  • Low inflation to linger for years in euro zone

    (Reuters) - The euro zone is set for at least two more years of low inflation, held down by a strong currency and anemic economic and jobs growth, and still faces a very real threat of deflation, a Reuters poll showed on Wednesday. While the inflation...
  • U.S. industrial output rises in March, manufacturing gains

    WASHINGTON (Reuters) - U.S. manufacturing output rose for a second straight month in March in a sign of recovery from a long winter that had put a damper on activity. Factory production increased 0.5 percent in March, according to data from the Federal...
  • Retirement assets are making a comeback

    Retirement assets at the end of 2013 were the highest on record, a strong indication that many savers have seen their investment accounts bounce back from the financial crisis of 2008 when the stock market fell so hard it lost nearly half its value....
  • Watchdog warns about big banks' use of government-affiliated loans

    WASHINGTON (Reuters) - A U.S. government watchdog on Wednesday warned that big banks have dramatically boosted their borrowing from a federal housing finance program, a move that could pose risks to the government-sponsored system if a big borrower...
  • U.S. Fed's Kocherlakota says interested in bitcoin

    FARGO, North Dakota (Reuters) - A top U.S. Federal Reserve official said on Tuesday he is interested in the fast-emerging bitcoin, although he scoffed at the idea that the virtual currency could replace the dollar. Minneapolis Federal Reserve Bank...