US Federal Reserve System

Fed likely to signal rate hike on track despite global woes

A sturdy US recovery is expected to trump global economic worries as the Federal Reserve concludes its last policy meeting of 2014 on Wednesday, with officials likely to signal they are still on track to raise interest rates next year.

Dec 17, 2014, 18:06 PM IST

Bank examiner says Fed feared Goldman Sachs: Report

The Federal Reserve was accused Friday of taking a light regulatory hand to large banks, especially Goldman Sachs which Fed inspectors let skirt rules to avoid clashes with the management.

Sep 27, 2014, 03:28 AM IST

US Fed renews zero rate pledge, but hints at steeper rate hike path

The US Federal Reserve on Wednesday renewed a pledge to keep interest rates near zero for a "considerable time" but it issued projections that suggested it may raise borrowing costs a bit quicker than it had been thinking a few months ago.

Sep 18, 2014, 00:01 AM IST

Yellen resolved to avoid raising rates too soon, fearing downturn

Approaching a historic turn in US monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she`d rather fight inflation than another economic downturn.

Aug 13, 2014, 00:08 AM IST

Fed leaves policy unchanged, further reduces bond purchase by $10 bn

The Fed as expected reduced its monthly bond purchases by $10 billion, taking the program to $25 billion a month.

Jul 31, 2014, 09:00 AM IST

Federal Reserve meets amid calls for tighter policy

The US Federal Reserve began a two-day policy meeting Tuesday under rising pressure to step off its ultra-dovish stance to address rising inflation and worries of overheated markets.

Jul 29, 2014, 22:27 PM IST

Fed cuts 2014 growth forecast but maintains confidence in recovery

The Federal Reserve on Wednesday slashed its forecast for US economic growth this year but expressed confidence the recovery was largely on track and would allow it to begin raising interest rates in 2015.

Jun 18, 2014, 23:45 PM IST

US Senate poised to confirm Janet Yellen as Fed chair

A Senate vote is set for 5:30 p.m. (2230 GMT) on Yellen, 67, who has been vice chair of the U.S. central bank since 2010.

Jan 06, 2014, 23:52 PM IST

Fed nominee Yellen passes key Senate hurdle

If approved, Yellen, currently the Fed's vice chair, would become the first woman to lead the world's most powerful central bank.

Nov 22, 2013, 09:24 AM IST

Fed committed to easy policy for as long as needed: Bernanke

President Barack Obama nominated Yellen, the Fed`s current vice chair, to replace Bernanke when his term ends on January 31.

Nov 20, 2013, 09:57 AM IST

Yellen says imperative to promote very strong recovery

Janet Yellen on Thursday robustly defended the Federal Reserve`s bold steps to spur economic growth, calling efforts to boost hiring an "imperative" at a hearing into her nomination to become the first woman to lead the U.S. central bank.

Nov 14, 2013, 23:47 PM IST

Republicans shift focus away from Obamacare toward fiscal issues

In a shift some Republicans hope will strengthen their hand in the fight over the US debt limit, some of the party's leaders in the House of Representatives are playing down demands to weaken "Obamacare" and focusing instead on calls to rein in deficits.

Oct 10, 2013, 22:16 PM IST