BenBernanke

Fed Notes Better Economy, Takes No Policy Action

The Federal Reserve offered a more positive view of the economy after a burst of hiring since its last meeting. It held off taking further steps to boost the recovery and reiterated its plan to keep short-term interest rates near zero until at least late 2014. The Fed's statement issued after Tuesday's one-day meeting was more upbeat than the one it released in January.

All Areas of the Country Show Growth, Fed Reports

The U.S. economy started the year off well with busier factories, higher retail sales, more jobs and growth in home sales. The Federal Reserve said Wednesday that all 12 of its banking districts reported some level of growth in January and the first half of February. Manufacturing output rose in all districts. Auto manufacturing, steel makers and other metal producers all reported solid growth.

Bernanke: Weak Housing Has Hurt Consumer Spending

Ben Bernanke says declines in home prices have forced many Americans to cut back sharply on spending warns that the trend could continue to weigh on the economy for years. The Federal Reserve chairman drew the connection between home values and consumer spending, which fuels 70 percent of economic activity, on Friday during a speech to the National Association of Home Builders in Orlando.

Fed Unlikely to Raise Rates Until at Least 2014

The Federal Reserve went further than ever Wednesday to assure consumers and businesses that they'll be able to borrow cheaply well into the future. The Fed pushed back the earliest date for any likely increase in its benchmark interest rate by at least a year and a half, until at least late 2014. It said record-low rates are still needed to help boost an improving but still sluggish economy.

Fed to Regularly Forecast Interest-Rate Changes

In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting. The first forecast will be included in the central bank's economic projections after its Jan. 24-25 meeting, the minutes said.

Fed Takes No New Action at Final Meeting of 2011

The Federal Reserve says the economy has grown moderately as hiring and consumer spending have improved. As a result, it's holding off on any new steps to boost the economy. But Fed officials, noting that unemployment remains high and global economic growth has slowed, left open the possibility of taking new steps next year if the economy worsens.

Fed Nearing a Plan to Clarify Direction of Rates

The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further still. A Fed policy meeting Tuesday will likely focus in part on an evolving plan to reveal the direction of interest rates more explicitly.

Fed Holds Off On Further Actions To Help Economy

The Federal Reserve is holding off on any new actions to help the economy because stronger growth is giving it time to gauge the impact of steps it's already taken. Fed policymakers made the announcement after a two-day meeting.

Bernanke: Economy 'Close to Faltering'

Federal Reserve Chairman Ben Bernanke says the economic recovery "is close to faltering" and the central bank is prepared to take further steps to support it.

Economists Mixed on Fed's 'Operation Twist'

As Ben Bernanke pulled a trick from the 1960s Fed handbook to twist down long-term interest rates, experts are mixed on how it will affect the U.S. economy. Wall Street certainly reacted negatively to the news. The Dow fell more than 280 points.

Bernanke Proposes No New Steps to Boost Economy

Fed chief Ben Bernanke proposed no new steps to boost the economy during his highly anticipated Jackson Hole speech Friday. But he did hint that Congress may have to step in to stimulate hiring and growth.

The Financial Landscape: Debt Woes, Hedge Fund Regs

Politicians in both Greece and the U.S. are struggling to find the common ground necessary to keep their governments from defaulting on their debts; QE2 hasn't ended yet, and already the Fed is considering QE3; and the SEC finally starts to regulate Wall Street's hedge funds.

Fed Leaves Rates Alone, Consumers Keep Status Quo

The Federal Reserve announced Wednesday that it would leave interest rates unchanged -- for now. For consumers, that means a holding pattern for the near term, with little impact on borrowing, great rates for mortgages, and no hikes for credit cards. By end of summer, that may change.

Yellen Expected to Be Tapped as Fed Vice Chairman

Janet Yellen, the president of the San Francisco Fed, is expected to be nominated as the new vice chairman of the Federal Reserve as early as today. Yellen, a strong supporter of Chairman Ben Bernanke's monetary policies, would replace Donald Kohn, who will retire in June.