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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.

    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...

    Text of the Federal Reserve's statement Wednesday

    Below is the statement the Federal Reserve released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have...

    Congress finds rare bipartisan ground in focus on New York Fed

    WASHINGTON Lawmakers who agree on little else are finding common ground in one thing: The Federal Reserve Bank of New York has too much power within the U.S. central bank. One result has been increased interest in a plan advanced last month by Dallas Fed...