Federal Reserve

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The economy is getting closer to the Federal Reserve’s objectives, Fed Chair Janet Yellen said on Friday. Stocks, which opened lower on the latest unrest in Ukraine, turned positive on Yellen’s comments. (Click here for the latest on the markets.) In prepared remarks for the annual Jackson Hole policy conference, Yellen said the Fed was now questioning both the degree …

Officials weigh in ahead of Yellen’s speech

Top Federal Reserve officials are speaking out on the key issue of when to raise interest rates ahead of the annual gathering of the world’s central bankers in Jackson Hole, Wyoming.

Kiyoshi Ota | Bloomberg | Getty Images

After a calm and boring summer of trading, the currency market is getting exciting again with the dollar breaking out to an 11-month high. Things could heat up even further for foreign exchange, as global central bankers convene in Jackson Hole, Wyoming, for the Kansas City Fed Symposium. The dollar index is at the highest level since …

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Mount Moran in Grand Teton National Park is seen through a window at the Jackson Lake Lodge in Moran, Wyoming.

The Federal Reserve holds its annual meeting in Jackson Hole this year with substantial questions about the outlook for the labor market, inflation and the path of interest rates. Close attention will be paid to the Friday morning speech by Fed Chair Janet Yellen—her first at Jackson Hole as head of the central bank—who will focus …

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Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2014 in Washington.

Some members of the Federal Reserve’s Open Market Committee want to make a “relatively prompt” rate hike based on the economy’s progress, according to the minutes of the committee’s last meeting. But the minutes, released Wednesday, also showed that most members agreed more data was needed to move up the schedule of rate hikes. “Many …

Pete Marovich | Bloomberg | Getty Images
Janet Yellen, chair of the U.S. Federal Reserve

A second-quarter economic rebound did nothing to change the outlook of the Federal Reserve, which stayed the course Wednesday with ultra-easy monetary policy. While the U.S. central bank voted to cut its monthly bond-buying program another $10 billion, it left its short-term interest rate target near zero and expressed only tepid encouragement about growth. Wall …

Fed exit strategy

The Federal Reserve has begun its two-day policy meeting and is all but certain to continue winding down its economic stimulus, part of its great monetary policy experiment following the financial crisis. And for the past five years, the Fed has pegged interest rates at zero and put about $4 trillion of extra cash into …

Big week ahead

The week started off with a hint of optimism, thanks to a duo of deals, but there was a greater hint of caution, as investors paused ahead of a number of high-profile economic reports this week, corporate earnings and underlying concerns about geopolitical risk.

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The Federal Reserve building.

Geopolitical events like what’s happening in Ukraine and Gaza can be market movers but still take a back seat to the biggest influence of all: the Federal Reserve. That’s the position both of Peter Boockvar, managing director and chief market analyst at The Lindsey Group, and, it appears, the market itself after a healthy bounce back …

Yellen’s testimony & the markets

The markets fluctuated wildly today with investors reacting to every word, spoken and written from Fed Chair Janet Yellen on the first day of her semi-annual monetary policy report to Congress. Yellen said the central bank intends to keep providing support to the U.S. economy, but it was the written report that accompanied her testimony …

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Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee July 15, 2014 in Washington.

Fed Chair Janet Yellen gave a tepid thumbs-up to the economic recovery while expressing disappointment in housing and pledging to remain vigilant over asset bubbles, in congressional testimony she delivered Tuesday. While Yellen’s remarks were mostly benign and cautious on the economy, a separate Federal Reserve report indicated concern over asset prices. “Valuation metrics in …

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The economy continues to improve but the recovery is not yet complete, Fed Chair Janet Yellen said on Tuesday. While Yellen’s remarks were mostly benign and cautious on the economy, a separate Federal Reserve report indicated concern over asset prices “Valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the …

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The Marriner S. Eccles Federal Reserve building in Washington.

Federal Reserve officials indicated at their June meeting that the monthly bond-buying program could end sooner rather than later—with an October exit growing increasingly likely. “Participants generally agreed that if incoming information continued to support its expectation of improvement in labor market conditions and a return of inflation toward its longer-run objective, it would be …

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U.S. stock-index futures indicated a higher open Wednesday, as investors look to the minutes from the U.S. Federal Reserve’s latest meeting for a steer on when interest rates could rise. The minutes, due to be published at 2 p.m. ET, have taken on all the more significance after strong jobs data has led some to argue …

Reverse Robin Hood?

Wall Street was buzzing about some provocative comments from former Federal Reserve board member Kevin Warsh who described the Fed’s easy money policies as benefiting the rich at the expense of the poor. Warsh suggested that raising benchmark interest rates would help jump-start business investment and speed up economic growth.