US Fed watching Ukraine situation `very closely`

Federal Reserve Chair Janet Yellen said Wednesday that the US central bank is watching the situation in Ukraine "very closely" amid worries about an escalation in tensions.

Fed chief Bernanke wins 2nd term in closest vote

Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term on Thursday, but only by the closest vote ever for the crucial post.

Fed is expected to leave rates at record low

The Federal Reserve is expected to leave interest rates at a record low this week, aiming to induce consumers and businesses to borrow and spend and bolster the economic recovery.

Bernanke admits mistakes, urges Fed independence

Federal Reserve chairman Ben Bernanke has admitted "mistakes" leading up to the economic crisis but argued the central bank`s independence should not be limited in financial system reforms.

Fed will keep eye on sliding dollar: Bernanke

Federal Reserve Chairman Ben Bernanke has said that the central bank will monitor the sliding US dollar but pledged anew to keep interest rates at record lows to nurture the economic recovery.

Fed to keep rates near zero to nurture recovery

Faced with lurking dangers to the budding recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low to entice Americans to spend more and help the economic turnaround gain traction.

US economy sees stabilisation signs

With improvement in the housing
and manufacturing sectors, the recession-hit US economy has
been witnessing signs of stabilisation in recent months, the
US Federal Reserve has said.

Fed expected to hold steady to back fragile recovery

Federal Reserve policymakers may formally acknowledge an economic recovery is underway but will make few changes to their vast stimulus effort until they see a sustainable expansion, analysts say.

Fed to screen bank pay policies: Report

Pay policies for bank employees across the United States would require approval from the US Federal Reserve as part of a proposal to curb risk-taking at financial institutions.

Fed survey shows US recession may be over

The recession is ending and the economy is finally growing again. That`s the message implicit in the Federal Reserve`s latest survey of businesses around the country.

Federal Reserve made $14 bn profit on loan programmes: Report

The US Federal Reserve has made a whopping USD 14 billion profit on loan programmes made in the last two years, says a media report.

Bernanke`s cool head, imagination win Obama nod

Bernanke began as Federal Reserve chairman by meekly promising to maintain the status quo. He ended up facing the worst downturn since the Great Depression and changing central banking in ways that will reverberate for decades.

Fed`s Bernanke picked for second term: Sources

Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term.

Oil gains on US recovery hopes; stays above 70/barrel

Oil prices rose in Asian trade on Thursday after the Federal Reserve said the recession-hit US economy was stabilising, analysts said.

US Fed keeps interest rates steady near zero percent

The Federal Reserve kept its benchmark interest rate at near zero percent Wednesday and showed no signs of changing course as the US begins to emerge from a 20-month recession.

Bernanke defends Fed`s actions

Federal Reserve Chairman Ben Bernanke travelled to the US heartland to defend the central bank`s actions and reaffirm his assessment of an improving, but still vulnerable, US economy.

Fed able to foil inflation when time comes: Bernanke

Federal Reserve Chairman Ben Bernanke said the huge amounts of money the US central bank has pumped into the economy will not undercut its ability to push borrowing costs higher when the time is ripe.