federal reserve

The action brought strong disagreement, as regional Fed presidents Richard Fisher, Narayana Kocherlakota and Charles Plosser objected to the new terminology.

Federal Reserve Chairman Ben Bernanke led seven voters in favor of the decision, which came as the central bank said it expects a slower pace of recovery than what it anticipated during the last meeting in late June.

The Fed also indicate

On Tuesday the Federal Reserve put more clarity on what it means to hold interest rates low for an "extended period" of time, saying for the first time that it means "at least through mid-2013."

The bank's business condition index rose from negative 7.7 in June to 3.3 in July, surprising analysts. Economists expected the index to move up to negative 2.7.

The index for new orders rose from negative 7.6 in June to 0.1 in July.

The index for number of employees increased from 4.1 in June to 8.9 in July.

The Philadelphia Federal Reserve reported that the Philadelphia region's manufacturing activity has rebounded.

The program, which reached $80 billion in loans outstanding was recognized as the Fed's single-tranche open-market operations. They produced loans to units of 19 banks between March and December 2008. In accordance with the Freedo

Raymond W.

On December 9, 2008, The U.S. Federal Reserve loaned $15 billion to Goldman Sachs (NYSE:GS), the biggest single loan from a lending program. The details were not released until Wednesday, July 6.

This is what's in the news for Wednesday, May 18th. The Financial Times reports that the Federal Reserve wants U.S. banks to undergo annual stress tests, reserving the right to veto dividend pay-outs if they do not pass. Bloomberg

February output was revised downward, and is now estimated to have declined 0.3%; previously it was reported to have grown 0.1%.

Industrial production is up 5% year-over-year, led over that period by a 9.9% increase in business equipment, and an 8.0% increase in utilities output.

Total motor vehicle assemblies dropped from an annual rate of 9.0 million units in March to 7.9 million units in April, primarily because of the parts shortage resul

Industrial production was flat in April, after growing 0.7% in March, according to a preliminary estimate released today by the Federal Reserve.

The insurer--along with four other banks and 100 unnamed defendants--was accused in the suit of repeatedly lying to the Federal Reserve Bank of New York, the report said.

AIG shares are down 2.05%, or $0.65, to $30.99.

American International Group (AIG) shares are down on a Bloomberg report that the insurance giant, which was bailed out by taxpayers during the financial crisis, allegedly engaged in widespread fraud in connection with the bailout

Bernanke, speaking at a conference on community development in Arlington, Virginia, said many of the country's poorest communities had been struggling before the downturn, and things have only gotten worse.

The "Great Recession" officially ended almost two years ago, and the national economy is growing at a moderate pace, but for many poor and working-class Americans the current economic climate f

Federal Reserve Chairman Ben Bernanke called for more lending to small businesses and people in lower-income neighborhoods on Friday, saying they'd been hurt disproportionally by the recession.