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.
November 8, 2018GovernmentBusiness
US Industrial Production Edged Up 0.1% in July
WASHINGTON — U.S. industrial production rose modestly last month, held down by drops in mining and utilities.
August 15, 2018Business
Fed Leaves Key Rate Unchanged With Economy 'Rising at Strong Rate’
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.
August 1, 2018GovernmentBusiness
Fed Leaves Interest Rates Unchanged
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.
May 2, 2018GovernmentBusiness
Wholesale Prices Increase in June on Services Costs
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.
July 13, 2017Government
Fed to Trump: Make American Workers More Productive
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.
November 21, 2016Government
Fed Hikes Interest Rates
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.
December 16, 2015Government
Yellen Confirmed to Head Federal Reserve
In its first confirmation vote of the New Year, the U.S. Senate approved Janet Yellen to head the Federal Reserve.
January 7, 2014Government
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.
December 18, 2013Government
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.
October 9, 2013