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Charles Evans

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  • Text of the Federal Reserve's statement Wednesday

    Below is the statement the Fed released Wednesday after its policy meeting ended:
  • Chicago Fed president: Interest rate increase unlikely until 2016

    Chicago Fed president: Interest rate increase unlikely until 2016
    The economy continues to be too weak for an interest rate increase and likely won't be ready until sometime in 2016, Chicago Federal Reserve President Charles Evans said Wednesday. Inflation remains too low, wages aren't growing adequately and employers...

    Book your tickets to Europe now because the dollar's surge may be over

    Book your tickets to Europe now because the dollar's surge may be over
    For the last six months, it seemed like the dollar could only go up. But if the Federal Reserve has its way, that might be over now. It was a simple story. The U.S. economy was doing well enough that it looked like it would start raising interest...

    Fed official warns against raising interest rates 'prematurely'

    Fed official warns against raising interest rates 'prematurely'
    Even though a global slowdown threatens the U.S. recovery, the biggest risk facing the nation's economy would be decision by the Federal Reserve to raise interest rates too soon, according to a top central bank policymaker. The Fed should be patient...

    Weak jobs report could keep Fed from slowing stimulus this month

    Weak jobs report could keep Fed from slowing stimulus this month
    WASHINGTON -- The top-line number in the August jobs report was roughly in line with expectations, but economists digging into the details Friday saw bad signs that could give Federal Reserve policymakers concerns about reducing their stimulus efforts...