The big question ahead of U.S. Federal Reserve Chairman Ben Bernanke's Congressional testimony on Wednesday is whether a weaker economy could prompt the Fed to push already rock-bottom borrowing costs even lower.
U.S. producer prices fell for a third straight month in June, pulled down by weak food and energy costs, according to a government report on Thursday that supported views the Federal Reserve would maintain its low interest rate policy well into 2011.
Kansas City Federal Reserve President Thomas Hoenig on Wednesday said that the U.S. economy will continue to recover, but it will take time to reach the Fed's targets for minimal unemployment and inflation.
The Federal Reserve would be able to lower borrowing costs further if the economy weakens considerably by reinvesting maturing mortgage debt it owns or boosting asset purchases, Boston Fed President Eric Rosengren said.
Last week, Commodity Online had reported that several central banks had pawned their gold reserves to the Bank for International Settlements (BIS) to raise cash and this may impact the gold market in the coming days.
Boosting credit to needy small businesses is crucial to sustain a tepid U.S. recovery but how to do so poses a difficult policy challenge, Federal Reserve Chairman Ben Bernanke said on Monday.
The economy remains on track for firm growth and investors should not worry too much just because a few reports have been weaker than forecast, Richmond Federal Reserve Bank President Jeffrey Lacker said on Monday.
The U.S. economic recovery is slowing, but the Federal Reserve does not need to do more to help it along, Dallas Fed President Richard Fisher said on Wednesday.
Jitters that financial strains may derail the U.S. economic recovery mean the Federal Reserve will be in no rush to end its ultra-low interest rates, comments by officials of the U.S. central bank suggested on Wednesday.
Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.
U.S. bank lending continues to decline even though the banking sector is recovering, and it may be years before lending returns to pre-crisis levels, Federal Reserve Governor Elizabeth Duke said on Wednesday.
The U.S. recovery is underway, but inflation is so low and unemployment is so high that the Federal Reserve's super easy monetary policy is still called for, Chicago Fed President Charles Evans said on Wednesday.
Europe's debt debacle poses some risks for the United States, but is unlikely to derail the country's solid economic recovery, top Federal Reserve officials said.
The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
The Federal Reserve is expected to renew its promise to hold benchmark interest rates exceptionally low for an extended period on Wednesday and may acknowledge a slight slowdown in the pace of U.S. economic recovery.
The Federal Reserve on Tuesday began a two-day meeting where it is expected to restate its intention to keep interest rates on hold near zero for an extended period and perhaps offer a less upbeat outlook for the economy.
Europe's fiscal problems are a risk that will have some effect on U.S. growth during the rest of this year and 2011, U.S. Federal Reserve vice chairman Donald Kohn said in an interview with the Wall Street Journal.
The Federal Reserve on Thursday won another battle to maintain its independence as lawmakers crafting a final Wall Street reform bill dropped a plan to make one of its top officials a political appointee.
After suffering sustained criticism of its role in the financial crisis, the Federal Reserve looked set on Wednesday to emerge from an overhaul of financial regulations with its jealously guarded independence intact.
After suffering sustained criticism of its role in the financial crisis, the Federal Reserve emerged on Wednesday from an overhaul of financial regulations with its jealously guarded independence intact.
After heavy criticism of its handling of the financial crisis, the Federal Reserve on Wednesday appeared likely to escape the most aggressive congressional scrutiny of its interest rate deliberations.
After suffering more than a year of abuse over its role in the financial crisis, the U.S. Federal Reserve on Wednesday was poised to beat back the most aggressive attempt to open its operations to congressional scrutiny.
