The Federal Reserve kept its easy-money policies Wednesday but left the door open to step up bond purchases if the economy slowed under the government’s severe “sequester” spending cuts. The central bank’s policy board, the Federal Open Market Committee, said after a two-day meeting that the economy continued to grow…
The Federal Reserve’s policy board began a two-day meeting to weigh a fresh response to the weak US economy and stagnant jobs market. The dollar fell against the euro and stock markets rose amid anticipation that the Federal Open Market Committee would decide on some form of monetary easing action.…
Markets awaiting more stimulus for the US economy will likely be disappointed Friday when Federal Reserve Chairman Ben Bernanke delivers a key annual speech, analysts said. With economic data still mixed and the Fed policy board divided over the need for action, the chief US central banker is expected to keep his…
WASHINGTON — Policy makers at the US Federal Reserve are leaning toward more stimulus action “fairly soon” unless economic data turns around, minutes from their meeting three weeks ago showed Wednesday. The minutes revealed most members of the Federal Open Market Committee were concerned about slowing growth and the vulnerability…
The plodding US economy, meager job growth and market tensions over Europe’s debt crisis will hang over Federal Reserve policymakers when they meet next week. A recent string of weak data on the economy, from rising jobless claims to easing inflation as gasoline prices retrench, has raised speculation that the…
The US Federal Reserve enters uncharted waters at its policy meeting this week as it reveals individual policymakers’ views on the future path of interest rates. Fed-watchers generally expect the central bank will leave monetary policy essentially unchanged after the economy has recently shown some signs of an improving recovery…
WASHINGTON (AFP) – US Federal Reserve chairman Ben Bernanke is set to give his second-ever press conference Wednesday as signs of weakness in the world’s biggest economy cloud prospects for a stimulus reduction. The central bank’s Federal Open Market Committee (FOMC) on Tuesday debated an eventual exit strategy from the…
WASHINGTON (AFP) – The Federal Reserve appears ready to ease off the stimulus pedal that is pumping life into the US economy at a key meeting that opens Tuesday, despite signs of slowing growth. Most economists expect the Federal Open Market Committee will signal the Fed’s $600 billion asset purchase…