Federal Reserve Blog

The Beige Book shows that through July and August the economy grew slowly, though there are some economic bright spots including retail and real estate.

If banks could no longer earn money depositing excess reserves at Federal Reserve Banks, would they make more loans? Probably not but it’s not what you think.

Additional monetary accommodation could be warranted fairly soon, many members of the Federal Open Market Committee said in their Aug. 1 meeting, according to the FOMC meeting minutes released by the Federal Reserve on Wednesday. The question is, is that still true? Not everyone thinks so. The Fed minutes from the beginning of August show

The European central bank met this week and made no changes to policy, though they may take action in coming weeks.

No changes to monetary policy or interest rates came out of this week’s meeting of the Federal Reserve’s rate-setting committee.

The US economic recovery isn’t exactly blowing the doors off, according to the latest edition of the Fed’s Beige Book.

Fed Chairman Ben Bernanke was on the hot seat today as senators grilled him on Libor, QE3 and the state of the economy.

The group responsible for monetary policy is divided on how to help the economy.

Operation Twist will be extended, and a key short-term interest rate will remain at its current level until 2014.

The Federal Reserve says it still plans to keep a key short-term interest rate at its current level until 2014.