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Thursday, February 22, 2018
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A man walks past the Federal Reserve Bank in Washington, D.C., U.S. December 16, 2015. REUTERS/Kevin Lamarque/File Photo

Wednesday Is Decision Day On Fed Rate Hike

The current federal funds rate — the interest rate banks charge each other — currently is at 0.5 percent. The rate was as high as 20 percent in the 1980s to combat inflation.

September 20, 2016
The Guide Dog

Cartoon: The Guide Dog

How low can you stay?

June 17, 2016

Yellen Says Fed Rate Hike Likely Appropriate In Coming Months

Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past that the U.S. economy has rebounded from a weak winter and that inflation would edge higher toward the Fed’s 2 percent target.

May 27, 2016

Fed Raises Interest Rates, Citing Ongoing U.S. Recovery

“The process is likely to proceed gradually,” Federal Reserve Chair Janet Yellen said, a hint that further hikes will be slow in coming.

December 17, 2015

Fed Still Plans Rate Hike This Year, But Not Committed

The Fed’s meeting in December could be the key moment.

October 9, 2015

Dollar, Shares Gain On Yellen Speech, U.S. GDP

Gross domestic product grew at a 3.9 percent annual clip, up from a 3.7 percent estimate in August.

September 25, 2015

Fed’s Yellen Gets Medical Attention After Struggling With Speech

“Chair Yellen felt dehydrated at the end of a long speech under bright lights,” a Fed spokeswoman said.

September 24, 2015

After Delay, Yellen Faces Questions Over Fed Message On Rate Hike

It is perhaps her biggest test yet, as she tries to guide a divided committee.

September 21, 2015

Fed ‘Close’ To Hiking Rates, U.S. Economy Near Normal: Lockhart

“I think the point of ‘liftoff’ is close,” Atlanta Fed President Dennis Lockhart said in prepared remarks for an address to the Atlanta Press Club. “The economy has made great gains and is approaching an acceptable normal… conditions are no longer extraordinary.”

August 10, 2015

Fed Says Economy Improving; September Rate Hike In View

“The Fed is taking baby steps towards a rate hike. Enough improvements have been made in the labor market that the Fed only needs a little more confirming evidence to say it is time,” said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management.

July 29, 2015

Cartoon: Janet Yellen Considers Rate Hikes

Janet Yellen has a decision to make on interest rates.

January 29, 2015

Fed Wears A Bull’s-Eye This Year On Capitol Hill

Both parties are preparing to take on the Federal Reserve in 2015.

January 22, 2015
The Fed's last meeting of 2014 was expected to confirm its path toward monetary policy normalization after holding its base interest rate at the zero level for six years to bring the country out of the Great Recession (AFP Photo/Mandel Ngan)

Oil Plunge, Russia Crisis Challenge U.S. Federal Reserve

How will the federal reserve respond to the burgeoning crisis in Russia?

December 16, 2014

Fed Opens New Era With End Of QE Stimulus Program

Find out why Quantitative Easing is coming to an end.

October 30, 2014

Yellen: U.S. Inequality Near Highest Level In 100 Years

Find out what the Federal Reserve chief had to say about this pressing crisis.

October 17, 2014

U.S Economy Grew At Robust 4.2 Percent Pace In Second Quarter

Washington (AFP) – The U.S. Commerce Department raised its estimate for U.S. economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter’s steep contraction. The department said a fuller set of data showed a higher level of fixed investment by companies and the government, contributing to the 0.2 point upward revision […]

August 28, 2014

Yellen: U.S. Jobs Market ‘Yet To Fully Recover’

By Paul Handley Washington (AFP) — Federal Reserve Chair Janet Yellen said Friday that the U.S. jobs market has not yet fully recovered, but acknowledged that data is sending mixed signals, spurring debate over inflationary pressures. In a speech to leading central bankers in Jackson Hole, Wyo., Yellen, who has kept Fed policy expansive due […]

August 22, 2014

Fed Meets Amid Calls For Tighter Policy

Washington (AFP) – The U.S. Federal Reserve began a two-day policy meeting Tuesday under rising pressure to step off its ultra-dovish stance to address rising inflation and worries of overheated markets. So far this year the Fed has stuck to its plan: steadily reducing its bond-buying stimulus program, to wind up in October, and looking […]

July 29, 2014

Federal Reserve Could Hike Rates Sooner Than Expected, Yellen Warns

Washington (AFP) — The Federal Reserve could raise its interest rate sooner than expected as the jobs market improves, Fed Chair Janet Yellen said Tuesday, adding the Fed was closely watching for risks. Yellen, in testimony to Congress, said the policy-setting Federal Open Market Committee (FOMC) was closely following developments in the economy to determine […]

July 15, 2014

Fed Sees Stimulus Exit In October

Washington (AFP) – The Federal Reserve plans to stop buying bonds in October, setting an exit to its stimulus program for the U.S. economy, policy meeting minutes showed Wednesday. “If the economy progresses about as the Committee expects… this final reduction would occur following the October meeting,” said the minutes of the June 17-18 meeting […]

July 9, 2014

Fischer Is Confirmed To Fed Board

By Don Lee, Tribune Washington Bureau WASHINGTON — Stanley Fischer, the former Bank of Israel head picked by President Barack Obama for the No. 2 job at the Federal Reserve, won Senate confirmation Wednesday to become a member of the Fed’s board of governors. The 68-27 vote in favor of Fischer means he will have little […]

May 22, 2014

Yellen: Slack U.S. Labor Market Still Needs Fed Support

By Paul Handley Washington (AFP) – Federal Reserve chief Janet Yellen argued Monday that the U.S. labor market remains slack and that Federal Reserve policy needs to stay focused on generating jobs. In the clearest delineation of her priorities since taking the helm of the central bank in February, Yellen said the steady fall in […]

April 1, 2014

Yellen: Slack U.S. Labor Market Still Needs Fed Support

Washington (AFP) – Federal Reserve Chair Janet Yellen said Monday that the U.S. economy still needs the Fed’s extraordinary support measures, noting that the falling jobless rate masks weaknesses in the jobs market. In a speech in Chicago highlighting slack in the labor market, Yellen said the economy remains “still considerably short” of the Fed’s […]

March 31, 2014

Fed Cuts Stimulus, Says Weather Hurt Growth

Washington (AFP) – The Federal Reserve cut back its stimulus program by another $10 billion Wednesday despite the recent U.S. economic slowdown, which it blamed “in part” on severe winter weather. The Federal Open Market Committee reduced stimulus spending to $55 billion a month, saying the broader economy has “sufficient underlying strength” to support continued […]

March 19, 2014

Fed’s New Chief Yellen: No Change To Policy

Washington (AFP) – New Federal Reserve chair Janet Yellen said Tuesday that she had no plans to change monetary policy from that mapped out by her predecessor Ben Bernanke. In her first comments on the U.S. central bank’s path forward after the took the helm on February 1, Yellen said the Fed would continue to […]

February 11, 2014