The Federal Reserve's pledge to keep interest rates low for an extended period should reflect more conditionality on the state of the economy, a top official of the U.S. central bank said on Thursday.
The regulator for the largest U.S. banks warned on Thursday against using industry-wide stress tests as a cornerstone of bank supervision going forward -- a view that diverges from a top Federal Reserve official.
The U.S. Federal Reserve's political independence may make it better suited than a council of regulators to spot and act upon behavior that could threaten the entire financial system, a senior Federal Reserve official said on Thursday.
The U.S. Federal Reserve has made clear it will not monetize federal budget deficits by printing money, a senior U.S. Federal Reserve official said on Thursday.
Economic activity strengthened in most U.S. regions during March and early April with the exception of St. Louis, where plans to close several plants were announced, the Federal Reserve said on Wednesday.
Economic activity strengthened in most U.S. regions during March and early April with the exception of St. Louis, where plans to close several plants were announced, the Federal Reserve said on Wednesday.
Global authorities should dismantle banks that are so large their failure could destabilize the international financial system, Dallas Federal Reserve President Richard Fisher said on Wednesday.
A moderate U.S. economic recovery is likely to warrant very low interest rates for a long time, Federal Reserve Chairman Ben Bernanke testified on Wednesday.
The U.S. Federal Reserve is the only regulator that has the expertise to effectively supervise financial firms of all sizes, a senior central bank official said on Wednesday.
A moderate U.S. economic recovery is likely to warrant very low interest rates for a long time, Federal Reserve Chairman Ben Bernanke said on Wednesday.
U.S. Federal Reserve officials said on Tuesday the economy is operating well below full capacity and full recovery is a way off, in comments suggesting no urgency to begin tightening financial conditions.
Federal Reserve Chairman Ben Bernanke said on Tuesday that it was more important than ever for people to become financially knowledgeable so they can make sound decisions after the losses of recent years.
U.S. Federal Reserve officials discussed raising for a second time the interest rate charged on emergency loans to banks, according to minutes from a mid-March meeting released on Tuesday.
Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York.
Federal Reserve officials again reiterated their commitment to low interest rates for an extended period on Thursday, given the fragile nature of the economic recovery, and suggested a reduction in the size of the central bank's balance sheet could take as long as two decades.
Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday that an improving economy will likely make it possible for more banks to begin lending in greater volume.
The U.S. economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market, Federal Reserve Chairman Ben Bernanke said on Wednesday.
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market.
The Federal Reserve is considering allowing maturing Treasury bonds to roll off its portfolio as an alternative way to drain reserves from the banking system, according to minutes from its March meeting.
The drop in U.S. inflation since mid-2008 is not just a narrow reflection of housing market weakness but is rather a sign of broad economic slack, economists at the Federal Reserve Bank of San Francisco said Monday.
The Federal Reserve's balance sheet fell in the latest week, Fed data released on Thursday showed.
The U.S. economic recovery is gathering speed as business activity picks up pace, despite lingering weakness in employment, Dallas Federal Reserve Bank President Richard Fisher said on Tuesday.
