The Federal Reserve's zero-interest-rate policy is hampering economic recovery by discouraging bank lending, Pimco bond titan Bill Gross said in an analysis.
Originally from All News, Video and Posts related to TOPIC: Federal Reserve
Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing.
Originally from All News, Video and Posts related to TOPIC: Federal Reserve
The U.S. economy improved across all regions in the final six weeks of 2011, boosted by strong holiday sales, the Fed said in its beige book report.
Originally from WSJ.com: Economy
The U.S. economy improved across all regions in the final six weeks of 2011, boosted by strong holiday sales, the Fed said in its beige book report.
Originally from WSJ.com: Economy
The Fed is becoming more concerned about the sustainability of the U.S. recovery, just as the economy looks to be gaining momentum. The unemployment rate has dropped from 9.4% in December of 2010, to 8.5% twelve months later. The American economy has added 1.5 million jobs over the past year, according to the establishment survey of employment, while the household survey shows we have averaged a monthly gain of 230,000 jobs over the past six months. Meanwhile, the average work week and hourly earnings also showed improvement in the December Nonfarm payroll report. In addition, Gross Domestic Product has increased for nine consecutive quarters and is anticipated to post just under a 3% annualized growth in Q4 2011, up from 1.8% during the prior quarter.
Originally from The Market Oracle
Daily tumult from the European debt crisis is drowning out some otherwise good news in the U.S. economy, Charles Plosser, president of the Philadelphia Federal Reserve, told CNBC.
Originally from All News, Video and Posts related to TOPIC: Federal Reserve
Fed chief Bernanke said the central bank was ready to do more to help a U.S. economy that was "close to faltering," but that lawmakers should also take steps.
Originally from WSJ.com: Economy
Fed chief Bernanke said the central bank was ready to do more to help a U.S. economy that was "close to faltering," but that lawmakers should also take steps.
Originally from WSJ.com: Economy
Fed chief Bernanke said the central bank was ready to do more to help a U.S. economy that was "close to faltering," but that lawmakers should also take steps.
Originally from WSJ.com: Economy
WASHINGTON (Reuters) - The Federal Reserve is prepared to take further steps to help an economic recovery that is "close to faltering", Fed Chairman Ben Bernanke said on Tuesday.
Originally from Reuters: Business News
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