Kocherlakota: Fed can’t fix all job market ills
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said that the Fed probably can’t repair all the damage to U.S. employment from the credit crisis and that fiscal policy could help to...
View ArticleBeige Book: Growth ‘modest to moderate’ in June
The Federal Reserve said the economy expanded at a “modest to moderate” pace in June and early July, as retail sales and manufacturing cooled in some regions.
View ArticleBernanke: Data may mask suffering
Federal Reserve Chairman Ben Bernanke said gauges of the U.S. economy’s strength may fail to measure the suffering of individual citizens.
View ArticleFed says economy grew ‘gradually’ on housing gain
The Federal Reserve said the U.S. economy continued to expand “gradually” in July and early August as improvement in housing and retail sales helped outweigh weakness in manufacturing.
View ArticleHousing blocks economic growth, Fed’s Dudley says
Federal Reserve Bank of New York President William Dudley said weakness in the housing market is one of the main forces creating a “disappointing” economic recovery.
View ArticleNew-home sales rise to two-year high
Americans bought new homes in September at the fastest pace in two years, another sign the industry whose decline was at the heart of the recession is bouncing back.
View ArticleKocherlakota advocates greater hiring stimulus
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the central bank should do more to boost hiring by aiming to meet a lower jobless-rate threshold before policymakers raise their...
View ArticleFed enters ‘uncharted territory’ as assets hit $3T
The Fed is purchasing $85 billion of securities every month, using the full force of its balance sheet to stoke the economic recovery.
View ArticleBernanke expected to buy $1.14T in assets
Federal Reserve Chairman Ben S. Bernanke’s latest round of bond buying will reach $1.14 trillion before he ends the program in the first quarter of 2014, according to median estimates in a Bloomberg...
View ArticleKocherlakota sees unemployment above 7% till late 2014
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota appears to be more pessimistic about unemployment than many of his colleagues on the Federal Open Market Committee.
View ArticleFed aims to ensure U.S. housing recovery
The Fed may concentrate on trimming purchases of Treasurys, while continuing to buy mortgage bonds to keep a lid on interest rates for home loans.
View ArticleKocherlakota: Fed must do ‘whatever it takes’
The Fed should be “willing to use any of its congressionally authorized tools to achieve the goal of higher employment," said Federal Reserve Bank of Minneapolis President Narayana Kocherlakota.
View ArticleFed decision gives homebuilder stocks a boost
Homebuilding stocks jumped 6 percent on Sept, 18, the biggest gain in two months.
View ArticleFed saw ‘moderate’ growth last month
The Federal Reserve says “moderate” growth across most of the country was buoyed by gains in holiday spending by consumers, an improving labor market and strength in manufacturing.
View ArticleFederal Reserve links rate to range of data
Low inflation, high unemployment are among arguments for the Fed keeping long term interest rates down
View ArticleFed saw continued growth as weather improved
The Federal Reserve said the U.S. economy continued to expand in most regions as businesses benefited from a bounce back from harsh winter weather earlier in the year.
View ArticleFederal Reserve to keep trimming stimulus
Growth “has picked up recently,” the Federal Open Market Committee said Wednesday in a statement in Washington.
View ArticleKocherlakota expects MN jobless rate to continue falling
The president and CEO of the Federal Reserve Bank of Minneapolis predicted statewide unemployment would continue falling through 2014 even as the national rate starts to stabilize.
View ArticleKocherlakota: Weak job market suppresses inflation
The Minneapolis Fed chief predicted the unemployment rate would decline to “around 5.7 percent” by the end of this year.
View ArticleFed’s Kocherlakota: Credibility on inflation target at stake
The Federal Reserve Bank of Minneapolis president said the U.S. central bank risked damaging its credibility.
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