The Federal Reserve wants employment to grow at least 200,000 per month on a sustainable basis before tapering begins in earnest.
However, he added that if it takes the first step, subsequent steps will still be dependent on continued progress in the economy.
The Fed’s decision about its bond-buying program and clues to future monetary policy will be front and center for investors.
It's been a long time coming, but it finally looks like the Fed will slow down quantitative easing, but at whose expense and whose gain?
The Federal Reserve is expected to announce a token reduction in its monetary stimulus, starting next month.
How about: "If QE3 goes away, what’s the probability of QE4 if the economy backslides?"
Janet Yellen's nomination -- and her perceived dovishness -- are hardly guaranteed.
Investors await the Federal Reserve's decision on its bond-buying program while the race for the Fed's top job is thrown wide open again.
Bank-sponsored events are off the agenda as Summers’ waits to see if he’ll be nominated as the next Fed chief.
However, the administration left open the possibility that the Nikkei report may end up being true.
Investors remain watchful ahead of economic data, with one eye fixed firmly on Syrian negotiations in Geneva.
Alan Valdes, vice president of trading at DME Securities, discusses the Fed chairman's legacy and when the FOMC will taper QE.
Jonathan Corpina, senior managing partner with Meridian, discusses the labor force participation rate's inverse effect on unemployment.
The Fed said the U.S. economy continued to grow at a modest/moderate pace in July and August, as it has for much of 2013.
Mark L. Newton, chief technical analyst at Greywolf Execution Partners, discusses the August jobs report ahead of the September Fed meeting.
Peter Cardillo, chief market economist at Rockwell Global Capital, discusses the August jobs report and when the Fed will taper QE.
The economy of the tiny sultanate is doing wonderfully, unlike its larger neighbors in the region.
The consensus among decision makers in Jackson Hole, Wyo. still points to a Fed stimulus reduction in September.
The increasingly lengthy drama around who will succeed Ben Bernanke as Fed chair has left an opening among commentators seeking clever metaphors to capture the suspense.
The world's most powerful central bankers are in Jackson Hole, Wyoming, this week. Investors will try to read the tea leaves.
The Fed said economic data since the July meeting has been mixed and inflation is still running below its 2 percent target.
Investors are awaiting the July Fed minutes, and will look for clues regarding Asian economic strength.