The Fed is unlikely to change its plans to keep rates low until it sees more evidence to add to January's strong jobs figures that growth is ramping up.
Originally from WSJ.com: Economy
House budget committee chairman, Rep. Paul Ryan, (R-WI), explains why he is concerned the Fed could tolerate higher inflation in order to help lower the unemployment rate.
Originally from All News, Video and Posts related to TOPIC: Federal Reserve
Rep. Debbie Wasserman Schultz (D-FL) asks Fed Chairman Ben Bernanke about the impact the Recovery Act had on U.S. job growth.
Originally from All News, Video and Posts related to TOPIC: Federal Reserve
WASHINGTON (Reuters) - The Federal Reserve could take the historic step this week of announcing an explicit target for inflation, a move that would fulfill a multi-year quest of the central bank's chairman, Ben Bernanke.
Originally from Reuters: Business News
WASHINGTON (MarketWatch) - A congressional committee on Wednesday Jan. 18 plans to question top bank and securities regulators about a proposed Volcker Rule, a measure that could force big banks to cling onto a wide variety of trades for at least two months. Bank regulators introduced a 298-page proposal, named after an idea suggested by former Federal Reserve Chairman Paul Volcker. It is intended to limit big insured banks' speculative proprietary derivatives and stock investments. It also seeks to limit big bank investments in hedge- and private-equity funds in an effort to limit risks to the broader financial system. Expected to testify before a House Financial Services Committee panel about the Volcker rule are Federal Deposit Insurance Corp. Chairman Martin Gruenberg and Commodity Futures Trading Commission Chairman Gary Gensler. Regulators earlier this month extended the period of time interested groups have to comment on the Volcker rule, changing the deadline to submit comments from Jan. 13 to Feb. 13.
Originally from MarketWatch
FORT BLISS, Texas (Reuters) - Defending the Federal Reserve on the turf of his harshest critics, central bank chief Ben Bernanke on Thursday said the Fed was "intently" focused on lowering unemployment and warned that strains from Europe could trigger global economic shocks.
Originally from Reuters: Business News
FORT BLISS, Texas (Reuters) - Defending the Federal Reserve on the turf of his harshest critics, central bank chief Ben Bernanke on Thursday said the Fed was "intently" focused on lowering unemployment and warned that strains from Europe could trigger global economic shocks.
Originally from Reuters: Business News
FORT BLISS, Texas (Reuters) - Defending the Federal Reserve on the turf of his harshest critics, U.S. central bank chief Ben Bernanke said the Fed was "intently" focused on lowering unemployment and warned strains from Europe could trigger global economic shocks.
Originally from Reuters: Business News
Federal Chairman Bernanke signaled the central bank is ready to do more to aid an economy that is expected to remain weak for many more years, but he was noncommittal on how and when the Fed might act.
Originally from WSJ.com: Economy
NEW YORK (Reuters) - Private employers added more jobs than expected last month, though the lack of robust labor market growth reinforced the Federal Reserve's view that economic progress will likely be "frustratingly slow."
Originally from Reuters: Business News
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