federal reserve

Government, Business

Fed Leaves Key Rate Unchanged but Sees Hikes Ahead

Jerome Powell and Randal Quarles Federal Reserve Chair Jerome Powell (left) and Randal Quarles, vice chair for supervision. (Jacquelyn Martin/AP)

WASHINGTON — The Federal Reserve has left its key policy rate unchanged but signaled that it plans to keep responding to the strong U.S. economy with more interest rate hikes. The next rate increase is expected in December.

Martin Crutsinger | Associated Press
November 8, 2018
Government, Business

US Industrial Production Edged Up 0.1% in July

A truck driver chains down a roll of steel to his flatbed at the NUCOR Steel Gallatin plant in Ghent, Ky. A truck driver chains down a roll of steel to his flatbed at the NUCOR Steel Gallatin plant in Ghent, Ky. (Timothy D. Easley/AP)

WASHINGTON — U.S. industrial production rose modestly last month, held down by drops in mining and utilities.

Paul Wiseman | AP Economics Writer
August 15, 2018
Business

Fed Leaves Key Rate Unchanged With Economy 'Rising at Strong Rate’

Federal Reserve building in Washington, D.C. Andrew Harrer/Bloomberg News

Federal Reserve officials left the benchmark interest rate unchanged while reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace.

Craig Torres | Bloomberg News
August 1, 2018
Government, Business

Fed Leaves Interest Rates Unchanged

Federal Reserve building in Washington, D.C. Andrew Harrer/Bloomberg News

Federal Reserve officials left interest rates unchanged, acknowledging inflation is close to target without indicating any intention to veer from their gradual path of interest-rate increases.

Christopher Condon | Bloomberg News
May 2, 2018
Government, Business

Wholesale Prices Increase in June on Services Costs

factory worker with bowling ball Luke Sharrett/Bloomberg News

The gain in U.S. wholesale prices reflected higher food and services costs, signaling modest inflation, a Labor Department report showed July 13 in Washington.

Sho Chandra | Bloomberg News
July 13, 2017
Government

Fed to Trump: Make American Workers More Productive

y Wright/Bloomberg News

The Federal Reserve’s advice to President- elect Donald Trump on the U.S. economy, repeated on Nov. 21 by Vice Chair Stanley Fischer, is crystal clear: Use the power of the public purse to make American workers more productive.

Christopher Condon and Yun Li | Bloomberg News
November 21, 2016
Government

Fed Hikes Interest Rates

Andrew Harrer/Bloomberg News

The Federal Reserve System announced Dec. 16 a quarter-point increase in its benchmark target for interest rates, acting because “the risks to the outlook for both economic activity and the labor market" are balanced.

Jonathan S. Reiskin | Associate News Editor
December 16, 2015
Government

Yellen Confirmed to Head Federal Reserve

Andrew Harrer/Bloomberg News

In its first confirmation vote of the New Year, the U.S. Senate approved Janet Yellen to head the Federal Reserve.

Michele Fuetsch | Staff Reporter
January 7, 2014
Government

Fed to Cut Back Bond-Buying

The Federal Reserve Board of Governors voted Dec. 18 to reduce its bond-buying in the first major step to taper the quantitative easing it has conducted to prop up the U.S. economy during the recession.

Transport Topics
December 18, 2013
Government

Obama Nominates Yellen as Fed Chairwoman

President Obama nominated Janet Yellen, the Federal Reserve’s vice chairwoman, to be the first female chairwoman of the nation’s central bank, the Associated Press reported.

Transport Topics
October 9, 2013

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