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.
June 3, 2013 At Princeton's commencement, the central bank chief mixed in some humor with his advice. He even quoted comedienne Lily Tomlin. That's not your typical "Fed speak."
January 30, 2013 A snake-eating-its-tail thing happens when you think certain thoughts about money and the Federal Reserve.
December 12, 2012 The leaders of the Federal Reserve just did something that sounds boring but is actually a big deal: They promised to keep interest rates super low until the unemployment rate comes way down.
November 28, 2012 The central bank says conditions continued to improve, though not dramatically, in recent weeks. The report adds to other evidence that the economy is moving along fast enough to keep unemployment from rising, but not fast enough to bring the jobless rate down sharply.