Federal Reserve Blog

Wednesday, April 27, 2011 4:59 pm
By Katherine Reynolds Lewis · Bankrate.com

Federal Reserve Board Chairman Ben Bernanke made history by facing nearly five dozen reporters in an hour-long press conference, the first ever for the U.S. central bank. With his usual unruffled delivery, Bernanke answered a dozen and a half questions ranging from the effects of long-term unemployment, the value of the dollar and gas prices

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Tuesday, March 15, 2011 1:52 pm
By Greg McBride, CFA · Bankrate.com

The first few sentences of the Fed’s post-meeting statement contain phrases like “firmer footing,” “improving gradually” and “continue to expand.” That’s about as upbeat as the Fed has been in years. But they also devoted plenty of ink to higher energy and commodity prices. While the Fed expects the effect on inflation to be temporary,

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Wednesday, January 26, 2011 3:24 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee was a little more upbeat than in December, but left the bond-purchase program known as QE2 intact. The FOMC statment was little changed, with the Fed noting a pickup in both household and business spending late in the year, the rise in commodity prices, and the fact that the drop

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Tuesday, January 18, 2011 4:08 pm
By Greg McBride, CFA · Bankrate.com

A couple of quotes jumped out during my weekend reading. The first comes from a front-page article in Saturday’s Wall Street Journal about banks making more loans to consumers and businesses. It closes with a couple that “took out a home equity line of credit this month to help finance the purchase of a 4,000

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Friday, January 7, 2011 9:30 am
By Greg McBride, CFA · Bankrate.com

The headlines will all scream about the drop in the unemployment rate to 9.4 percent. But job growth was a middling 103,000, powered by private sector hiring of 113,000. Those numbers are not enough to pull the unemployment rate lower, and certainly not to the extent that it dropped. So if hiring isn’t bringing the

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Tags: economy, job
Monday, December 13, 2010 12:17 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee meets tomorrow, with an official statement expected approximately 2:15 p.m. Eastern. No action of any significance is expected. It was the last meeting that was the big splash known as QE2, with the Fed pledging $600 billion in government bond purchases by the end of next June to reduce interest

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Friday, December 3, 2010 9:18 am
By Greg McBride, CFA · Bankrate.com

The November jobs report came in well short of expectations. November saw just 39,000 new jobs and 50,000 in the private sector, compared to expectations in the 130,000-175,000 neighborhood. The revisions that make September and October appear slightly better are no consolation. Yes, the November figures will be revised twice more, but it won’t be enough to

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Wednesday, December 1, 2010 3:43 pm
By Greg McBride, CFA · Bankrate.com

The economic report used by the Federal Open Market Committee to evaluate the health of the economy — known as the Beige Book – showed the economy “continued to improve, on balance” between October and November. The news was generally positive and consistent with an economy slowly getting to its feet, but not bounding ahead by

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Wednesday, November 3, 2010 4:17 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee announced a $600 billion bond purchase program, to take place now through June 2011, in an effort to stave off any threat of deflation and kick start the economy. While the program will likely succeed in avoiding deflation – many would argue we’ll avoid it anyway – this doesn’t solve our economic

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Thursday, October 28, 2010 12:59 pm
By Greg McBride, CFA · Bankrate.com

The Federal Open Market Committee, which meets Nov. 2-3, is all but certain to announce renewed measures intended to boost the economy. Specifically, the Fed will engage in another round of bond-buying, snapping up government debt with newly created money. It is hardly a secret this is coming; for those of you too consumed by

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