Australia: It was another choppy session for the AUD overnight after the US central bank left its interest rates at historical lows and Standard and Poor lowered its long-term credit rating for Spain
The Federal Reserve offered a more upbeat view of the U.S. economy and employment prospects on Wednesday, even as it left interest rates on hold near zero and promised to keep them low for an extended period.
The Federal Reserve offered a more upbeat view of the U.S. economy and employment prospects on Wednesday, even as it left interest rates on hold near zero and promised to keep them low for an extended period.
The Federal Reserve on Wednesday resumed a two-day meeting where it is expected to repeat a vow to keep interest rates at rock bottom levels for an extended period while acknowledging the U.S. economic recovery is getting stronger.
The Federal Reserve is expected on Wednesday to repeat its vow to keep interest rates at rock bottom levels for an extended period while acknowledging that the U.S. economic recovery is getting stronger.
The U.S. Federal Reserve opened a two-day meeting on Tuesday that is widely expected to end with a decision to leave interest rates on hold near zero and a fresh commitment to keep them there for an extended period.
With official interest rates near zero and the Federal Reserve unable to cut them any further, every policy meeting by definition brings the central bank one step closer to an eventual monetary tightening.
The U.S. Federal Reserve is expected to surprise no one on Wednesday by holding interest rates near zero and repeating its vow of an extended period of very low rates at the conclusion of a two-day policy meeting.
The U.S. Federal Reserve said on Wednesday it transferred a record $47.4 billion to the U.S. Treasury in 2009 as a result of its programs to help the economy and financial firms during the financial crisis.
The U.S. central bank's withdrawal of extraordinary monetary stimulus for the economy should be done as deliberately as possible, a senior Federal Reserve official said on Friday.
The U.S. central bank should exit from its extraordinarily accommodative monetary policy as deliberately as it can, a senior Federal Reserve official said on Friday.
The U.S. economy is in the throes of a cyclical recovery and there are encouraging signs of improvement in financial markets, a senior Federal Reserve official said on Friday.
Top Federal Reserve officials on Thursday showed little urgency about softening the central bank's commitment to hold rates low for a long time, suggesting the Fed will repeat the pledge when it meets late this month.
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.
