Fed meeting

Bernanke Says Fiscal Cliff Already Hurting Economy

The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday. But Bernanke said the Fed believes the crisis will be resolved without significant long-term damage.

Fed Says It Will Keep Interest Rates Low Until Jobs Come Back

The Federal Reserve says it will keep spending $45 billion a month to sustain an aggressive drive to keep long-term interest rates low, with the express purpose of hitting the accelerator on economic growth until unemployment drops below 6.5 percent.

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.