U.S. financial markets would be able to stomach gradual sales of the more than $1.4 trillion of mortgage-related debt the Federal Reserve bought to fight the credit crisis, a top Fed official said on Friday.
U.S. financial markets would be able to stomach gradual sales of the more than $1.4 trillion of mortgage-related debt the Federal Reserve bought to fight the credit crisis, a top Fed official said on Friday.
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.
Economic activity improved nationwide last month, but worries about Europe's debt crisis dented confidence, the Federal Reserve said in its Beige Book collection of anecdotal reports.
U.S. economic activity improved nationwide last month, but worries about Europe's debt crisis dented confidence, the Federal Reserve said in its Beige Book collection of anecdotal reports.
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.
The following are highlights from a House of Representatives Budget Committee hearing on Wednesday with Federal Reserve Chairman Ben Bernanke testifying. For text of prepared testimony, click on
Two top Federal Reserve officials on Tuesday offered opposing signals on the direction of interest rates, highlighting an increasingly salient split within the central bank.
The U.S. economy is well on the path to recovery and the Federal Reserve needs to begin raising interest rates soon, Kansas City Fed President Thomas Hoenig said on Tuesday.
A top Federal Reserve official said on Tuesday high unemployment and low inflation justify holding benchmark interest rates ultra-low for quite some time but European debt woes are unlikely to derail the U.S. economic recovery.
A top U.S. Federal Reserve official said on Tuesday high unemployment and low inflation justify holding benchmark interest rates ultra-low for quite some time but European debt woes are unlikely to derail the U.S. economic recovery.
Low inflation and high unemployment in the United States justify the Federal Reserve keeping benchmark interest rates ultra-low for quite some time, Chicago Fed President said on Tuesday.
Federal Reserve Chairman Ben Bernanke said on Monday a regulatory reform bill that Congress is finalizing would likely address the problem of financial firms being too big to fail.
Federal Reserve Chairman Ben Bernanke said on Monday he was convinced Europe was committed to addressing its debt troubles to keep the European Union together.
Stress tests that the United States conducted on its banks last year show releasing the results of such tests can be a calming force for markets, a senior Federal Reserve Bank of New York staffer said on Monday.
Three top Federal Reserve officials said on Thursday it may soon be time to begin raising interest rates as the economic recovery in the United States gathers momentum, despite persistently high unemployment.
A top Federal Reserve Official said on Thursday the U.S. central bank should raise rates to 1 percent by the end of the summer to avoid having to raise borrowing costs abruptly as the economic recovery gains momentum.
Lending to small businesses is declining, making it more difficult to counter the persistent problem of high unemployment, Federal Reserve Chairman Ben Bernanke said on Thursday.
Lending to small businesses is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, Federal Reserve Chairman Ben Bernanke said on Thursday.
The U.S. economy is almost strong enough to allow the Federal Reserve to begin thinking about raising interest rates, Atlanta Fed President Dennis Lockhart said on Thursday.
The U.S. economy is almost strong enough to allow the Federal Reserve to begin raising interest rates, Atlanta Fed President Dennis Lockhart said on Thursday.
The U.S. central bank's liquidity support was helpful in containing the 2008 financial crisis but it could have done more, Federal Reserve Bank of Chicago President Charles Evans said on Tuesday.