Federal Reserve Board

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.

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.