December 18, 2013 The Federal Reserve will trim its bond-buying program, reducing its purchases by $10 billion per month.
December 6, 2013 The unemployment rate fell to 7 percent and employers added 203,000 jobs to payrolls in November, according to the latest report from the Bureau of Labor Statistics. The largely positive data could build anticipation that the Federal Reserve might move to taper its stimulus program.
November 14, 2013 Janet Yellen cleared a key hurdle in her path to become the next chair of the U.S. Federal Reserve, after a Senate Banking Committee hearing went smoothly Thursday. The most difficult questions centered on the Fed's stimulus efforts.
October 30, 2013 The Federal Reserve says it needs more evidence of a sustained recovery before halting or tapering off its bond-buying program.
October 9, 2013 Also: Boehner says short-term shutdown deal would be 'unconditional surrender" and U.S. to cut some military aid to Egypt.
September 26, 2013 We ask a former Fed economist: What does the chairman actually do? The short answer: Runs the meetings. Turns out, this is actually a big deal.
September 24, 2013 Somehow, information about the Fed's bond buying decision got into computers in Chicago faster than the speed of light. Those milliseconds meant millions.
September 17, 2013 Consumer prices rose just 0.1 percent in August and were up only 1.5 percent from a year earlier. The report seems to fit with the notion that the Federal Reserve has accomplished its objective: Give the economy enough of a lift to keep it moving, but not so much that inflation takes off.
September 16, 2013 Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January. Now the focus turns to whether Obama will pick Fed Vice Chairman Janet Yellen to be the first woman to run the central bank.
September 15, 2013 Former Treasury Secretary Larry Summers informed President Obama of his decision in a phone call Sunday. He had been considered a front-runner to replace Ben Bernanke, but faced opposition from Democrats in Congress.
September 4, 2013 Car sales picked up, as did hiring at auto manufacturing plants, according to the central bank's latest Beige Book.
July 31, 2013 Both Janet Yellen and Lawrence Summers have awe-inspiring credentials. So Obama's decision seems to come down to whose understanding of the economy most closely matches his own, and which candidate is likeliest to have people looking back years from now saying: "That was an inspired pick."
July 31, 2013 After a policy meeting the Federal Reserve also decided to leave its interest rate unchanged. It promised that would be the case, as long as economic conditions demand it.
July 11, 2013 Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. The Standard and Poor's 500 Index closed at a record high.
June 19, 2013 The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.