News on Federal Open Market Committee

Kocherlakota: Fed must be careful on tightening timing

2010-03-02T12:45:09Z

<div><p>MINNEAPOLIS (Reuters) - The U.S. Federal Reserve must be especially careful when the time comes to raise interest rates because of its bloated balance sheet, Minneapolis Fed President Narayana Kocherlakota said on ...

Fed hikes rate on bank loans amid easing financial crisis

2010-02-22T08:33:28Z

<div><p>The US Federal Reserve said Thursday it was increasing the interest rate it charged on emergency loans to banks in a move to normalize lending after radical measures to jolt the economy from recession.</p><p>The Fed said the hike in the discount rate, or the primary credit rate, to 0.75 percent from 0.5 percent would be effective Friday and reflected the easing ...

U.S. deflation no longer a risk says Fed's Bullard: report

2010-02-22T13:07:37Z

<div><p>SINGAPORE (Reuters) - The United States has escaped the danger of a Japanese-style deflationary trap, but it is not yet time to start tightening policy, St. Louis Federal Reserve Bank President James Bullard told the Financial Times.</...

Federal Reserve Continues To Hold Interest Rates Steady

2010-01-27T14:31:22Z

CHICAGO - JANUARY 27: Clerks work in the Eurodollar pit at the CME Group following news from the Federal Open Market Committee (FOMC) meeting concerning short-term interest rates January 27, 2010 in Chicago, Illinois. The FOMC said it expects to maintain ...

Dissension in the ranks, the market tanks (I'm a poet!)

2010-02-22T14:00:55Z

The Federal Open Market&nbsp;Committee (FOMC) meeting&nbsp;minutes were released a couple minutes ago, sending the market sharply lower.

Nothing about&nbsp;the&nbsp;commentary was terribly surprising. &nbsp;They cited&nbsp;improvement in the direction of the economy, and said that the fed funds rate would remain at 0-.25% for the foreseeable futu...

Fed members see high unemployment as long-term worry

2010-02-23T00:30:14Z

<div><p>Federal Reserve members expressed concern at a policy meeting last month that unemployment would "remain elevated for quite some time," and limit economic growth, minutes released Wednesday showed.</p><p>The minutes from the December 15-16 Federal Open Market Committee show...

Fed's Duke sees low rates for "extended period"

2010-02-23T01:33:52Z

<div><p>WASHINGTON (Reuters) - The Federal Reserve sees a moderate economic recovery continuing in 2010, but needs to keep interest rates "exceptionally low" for an "extended period" to foster job growth, a Fed policymaker said on Monday.</p><p>Fed G...

The Fed Inches Toward the Exit

2010-02-23T14:21:43Z

<div><p> The Federal Open Market Committee -- the policy-setting arm of the Federal Reserve -- chose to stay the course heading into yearend. At the conclusion of its Dec. 15-16 policy meeting, the committee's time-tested "exceptionally low levels of the federal funds rate for an extended period" phrase survi...

Fed moving to exit from unprecedented stimulus

2010-02-23T14:55:36Z

<div><p>The Federal Reserve is edging away from massive interventions to prop up the US economy, but a pledge to stick with record-low interest rates shows lingering concerns over the recovery, analysts said.</p><p>The central bank, concluding a two-day policy meeting Wednesday, maintained the federal funds base ...

US Fed stays course, sees record low rates for 'extended' time

2010-02-23T15:05:19Z

<div><p>The US Federal Reserve extended its record low interest rates Wednesday and reaffirmed this policy would remain in place "for an extended period" to support a still-precarious economic recovery.</p><p>The central bank, concluding a two-day policy meeting, maintained the federal funds base rate of a range of zero to 0.25 percent, which has been in place for the p...

Fed keeps outlook for near-zero rates for 'extended period'

2010-02-23T15:07:21Z

<div><p>The US Federal Reserve Wednesday extended its near-zero interest rate policy and maintained its view that exceptionally low rates are likely to remain in effect "for an extended period."</p><p>The central bank, concluding a two-day policy meeting, maintained the federal funds base rate of a range of zero to 0.25 percent, which has been in place for the past year...

Fed set to keep extra support for fragile US economy

2010-02-23T15:27:36Z

<div><p>The US Federal Reserve is expected to leave a key interest rate near zero and pledge continued support for the still-recovering US economy when it concludes a two-day meeting Wednesday.</p><p>The Federal Open Market Comm...

Fed to keep rates near zero but exit strategy looms

2010-02-23T15:15:34Z

<div><p>The US Federal Reserve was likely to reaffirm its ultra-stimulative monetary policy at the end a two-day meeting Wednesday being watched for signs of an "exit strategy" from a massive stimulus effort.</p><p>The Federal Open Market Committee (FOMC) was widely expected to kee...

FTSE advances as banks shine

2010-02-23T15:15:54Z

<div><p>London shares rose in midday trade in a rally led by banking shares as traders awaited a key Federal Reserve policy announcement. </p><p>The FTSE 100 rose 0.63 percent to 5,319.21 after opening flat.</p><p>Banks led the rally on reports global regulators may delay the introdu...

Fed likely to keep support for fragile US economy

2010-02-23T15:30:54Z

<div><p> The US Federal Reserve concludes a two-day meeting Wednesday expected to pledge ongoing stimulus for a recovering US economy amid what is likely to be a heated debate on a so-called exit strategy.</p><p>The Federal Ope...

Fed likely to keep extra support for fragile US economy

2010-02-23T15:41:22Z

<div><p>The US Federal Reserve opened a two-day meeting Tuesday expected to pledge ongoing stimulus support to a recovering US economy amid what is likely to be a heated debate on a so-called exit strategy.</p><p>The Federal Ope...

Fed set to continue support for fragile US economy

2010-02-23T15:47:52Z

<div><p>The US Federal Reserve is expected to pledge ongoing stimulus support to a recovering US economy amid what is likely to be a heated debate on a so-called exit strategy.</p><p>The Federal Open Market Committee (FOMC),...

Fed pegged to keep extra support for fragile US economy

2010-02-23T15:47:53Z

Fed likely to dampen speculation on early exit

2010-02-23T16:39:22Z

<div><p>US Federal Reserve policymakers will aim to quell this week speculation about an early exit from their massive stimulus effort even with the economy showing more signs of recovery, analysts say.</p><p>The Federal Open Market Committee (FOMC), which opens a two-day meeting T...

Fed banks worried in November that recovery was shaky

2010-02-23T22:27:30Z

<div><p>WASHINGTON (Reuters) - Regional Federal Reserve banks favored keeping interest rates low in November because of the risk an economic pickup might falter on weakening consumer spending.</p><p>Fed banks saw some signs of improvement, including stabilization of industrial output at a low level but fe...