Federal Reserve Board

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.

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 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.

New Mortgage Regulations Could Bruise Housing Market

New regulations limiting mortgage brokers' compensation go into effect on April 1. While they're meant to protect mortgage borrowers from unscrupulous brokers, they could have an adverse impact on the nation's struggling housing market.

Obama Resubmits Peter Diamond's Fed Nomination to the Senate

President Barack Obama resubmitted his nomination of Peter Diamond as a Federal Reserve Board member to the Senate after the original nomination was rebuffed. Obama nominated Diamond, an MIT economist, in April, but the nomination failed to carry over through the Senate%u2019s summer recess because of objections from at least one lawmaker.

Federal Reserve's Donald Kohn to Join Brookings Institution

The Federal Reserve's Donald Kohn, who has worked at the central bank for 40 years, will become a senior fellow at the Brookings Institution when he leaves the Fed next week. Kohn, 67, advised Fed Chairman Ben Bernanke throughout the financial crisis, and also served as a key adviser to former chairman Alan Greenspan. He first entered central banking as a researcher at the Federal Reserve Bank of Kansas City in 1970, and has served as a Fed governor and as head of the monetary affairs group.

Figuring Out the Fed: What Will Bernanke Do?

In his latest Capitol Hill testimony, Fed Chairman Ben Bernanke said the U.S. economic outlook is "unusually uncertain," and was opaque about his plans. But don't confuse that with an unwillingness to act. Here's a look a what the Fed's likely options are:

Fed Faces Big Dilemma Amid Weak Economy

When the Federal Reserve ends a two-day meeting today, most economists will be looking for hints about when interest rates may start to move higher. But the Fed may have a more serious problem: what to do about deflation when rates can't go any lower.

After 40 Years, Federal Reserve's Kohn to Retire

Donald Kohn, the second-highest ranking official at the Federal Reserve, announced Monday that he will retire when his term ends in late June. The move brings the number of vacancies on the central bank's seven-member board of governors to three.