The Federal Reserve today released the minutes from its Dec. 14 meeting to determine just how much money it would create out of thin air as part of its continuing effort to stimulate the economy.
The Fed determined that labor demand was increasing but not enough to stave off high levels of unemployment. Industrial Read More
Another Federal Reserve official, New York Fed markets group chief Brian Sack, is suggesting the central bank take stimulative monetary action to revive the economy from its current tendency to grow far too slowly to make anybody happy.
Saying that the Fed’s purchase of Treasury securities, also known as quantitative easing, has “helped foster Read More
The Federal Reserve today swore in two new members of its board of governors — key slots in the central bank’s monetary policy decision-making apparatus. Janet Yellen and Sarah Bloom Raskin join the board, upping the count of women on the Fed’s board to three out of seven total seats. The last time Read More
The Federal Reserve today announced that it is ready to provide additional monetary-policy support to the economy. In a statement announcing the Federal Open Market Committee’s decision to leave interest rates between 0 percent and 0.25 percent, the Fed said that inflation is lower than the central bank is comfortable with and output and Read More
On Friday, Federal Reserve Chairman Ben Bernanke gave a speech in Jackson Hole, Wy., in which he noted that the economy is in worse shape than it was at last year’s annual conference. “The [Federal Open Market Committee],” he said, “is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, Read More
