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Charles Evans

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  • Fed stands pat on policy; Bernanke press conference next

    The Federal Reserve held policy steady after a two-day meeting, citing signs of improved economic growth. The Fed’s post-meeting statement Wednesday was as expected. Most economists figured the central bank wouldn’t announce any new initiatives to bolster grow
  • Fed, more upbeat about economy, leaves monetary policy unchanged

    The Federal Reserve, providing a somewhat more upbeat assessment of the economy, on Tuesday kept the benchmark short-term interest rate near zero but did not take any new steps to boost financial markets or the economy.

    Text of the Federal Reserve's statement Wednesday

    Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory...

    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...