Federal Reserve Chair Janet Yellen’s 3,600-word speech at an economic symposium in Jackson Hole, Wyoming, today set the stage for shifting gears in monetary policy in the months ahead. The pivot would come after years of keeping interest rates at record-low levels. Trillions of dollars in asset purchases are expected to end in October. Yellen
The Fed finds that the winter thaw has helped the economy rebound from cold-weather slowdowns.
The Labor Department says 175,000 jobs were added last month, while the unemployment rate rose.
The Beige Book reports moderate economic growth across the country. That’s actually an improvement from the modest growth reported previously.
The minutes of the last Fed meeting show that many committee members see the end of QE at the end of 2013. Could that mean higher CD rates?
After an eventful September meeting, this time the Federal Reserve’s policymaking committee took a rest.
At a scheduled press conference, Federal Reserve Chairman Ben Bernanke cited the continued struggles of the U.S. job market as the reason for announcing QE3.
The Federal Reserve’s rate-setting committee will start its third large-scale asset purchase plan — which makes it officially QE3.
Like the economy itself, the Federal Reserve seems to be locked in a holding pattern.
With mixed signs of an economy in recovery, find out why the Fed left interest rates unchanged.