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Fed Announcement

Fed Cuts Stimulus By Another $10 Billion

Reuters | By Howard Schneider and Jason Lange | Posted 08.18.2014 | Business

WASHINGTON, June 18 (Reuters) - The Federal Reserve on Wednesday slashed its forecast for U.S. economic growth this year but expressed confidence the ...

Mark Gongloff

Reason No. 567,397 The Market Is Rigged | Mark Gongloff | Posted 05.15.2014 | Business

For at least the past 16 years, stock market traders have apparently been profiting from sneak peeks at the most important monetary policy decisions i...

Why the Fed's Job Program Will Fail

Robert Reich | Posted 02.11.2013 | Politics
Robert Reich

By linking interest rates directly to the rate of unemployment, Bernanke is acknowledging that the Federal Reserve Board has two mandates: not just price but also employment. But the sad fact is near-zero interest rates won't do much for jobs because banks aren't allowing many people to take advantage of them.

Fed To Keep Rates 'Exceptionally Low' For Minimum Of Two Years

Posted 10.09.2011 | Business

Admitting that the growth of the economy has been "considerably slower" than expected, the Federal Reserve announced it will keep the federal funds ra...

Wall Street Erases 272-Point Gain After Erratic Trading Day

AP | Joe Bel Bruno | Posted 05.25.2011 | Business

Wall Street finished only slightly higher in an erratic session on Wednesday as investors remained unconvinced by a Federal Reserve plan to work with ...