Flashes of illumination rather than fireworks are expected at the annual meeting of top central bankers and economists in Jackson Hole, Wyoming.» Read More
March 27- No single data point will determine when the Federal Reserve finally tightens its policy, a top U.S. central banker said on Thursday, reinforcing the notion stressed by Chair Janet Yellen that a "wide range" of factors would be considered.
Janet Yellen, in her first Federal Open Market Committee press conference since taking over as chair, surprised investors last week by suggesting that rates can be expected to rise six months after the taper is completed and QE is done.
U.S. single-family home prices rose in January, shrugging off the effects of a frigid winter.
WASHINGTON, March 20- When Janet Yellen said. "I think it was an expression of an honest view... but maybe not as tactful as it should have been," said Millan Mulraine, an analyst at TD Securities. Transparency is a double-edged sword for central bankers, but Yellen, who took the helm at the Fed on Feb. 1, has argued hard for more of it.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The U.S. Federal Reserve will probably end its massive bond-buying program this fall, and could start raising interest rates around six months later, Fed Chair Janet Yellen said on Wednesday, in a comment which sent stocks and bonds tumbling.
Ron Napier, Head of Napier Investment Advisors, says Janet Yellen may be setting a new policy tone by calling for a rate hike sooner than expected.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The Federal Reserve will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later, Fed Chair Janet Yellen said on Wednesday.
*Monthly bond purchases cut by $10 bln as expected. WASHINGTON, March 19- The Federal Reserve on Wednesday pushed forward with plans to slowly wind down its stimulus but said it will likely need to keep rates low even after the economy regains its health given lasting scars from the financial crisis.
WASHINGTON, March 19- The Federal Reserve on Wednesday said it could keep interest rates unusually low even after the U.S. job market returns to full strength and inflation rises to the central bank's target. Yellen, who took the helm of the central bank on Feb. 1, is set to hold a news conference at 2:30 p.m..
March 19- WASHINGTON, March 19- The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates.
*Fed on track to reduce monthly bond buys to $55 billion. WASHINGTON, March 19- The Federal Reserve is set to trim its bond-buying stimulus for a third time in a row on Wednesday, and will probably rewrite its guidance on when it might eventually raise interest rates.
The March CNBC Fed Survey found sharp divisions over Fed policy in 2015, with a cloud of geopolitical concern hanging over the outlook.
PALO ALTO, Calif., March 14- Stanley Fischer, U.S. "We tend to underestimate the lags in receiving information and the lags with which policy decisions affect the economy," he said in remarks prepared for delivery to the Stanford Institute on Economic Policy.
*Fischer, Brainard, Powell expected to win Senate approval. WASHINGTON, March 13- Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S.
WASHINGTON, March 13- Fed vice chair nominee Stanley Fischer on Thursday defended his ties to Citigroup Inc, saying that he would have been ill-prepared for his last central banking job without his experience at the mega-bank.
CNBC's Sara Eisen reports the Senate Banking Committee considers the nomination of Stanley Fischer for Fed Vice Chairman.
The number of new U.S. jobless claims fell to a new three month low, suggesting a strengthening labor market.
*U.S. central bankers stressing "gradual" approach. SAN FRANCISCO/ NEW YORK, March 12- Janet Yellen has a message to markets: the Federal Reserve will keep interest rates low for a while yet and, when it does begin to tighten monetary policy, it will do so only slowly.
*FOMC meets March 18-19; Yellen's first as chair. NEW YORK/ SAN FRANCISCO, March 11- Janet Yellen's first policy-setting meeting as chair of the U.S.
March 11- Stanley Fischer wrote the book on macroeconomics. Federal Reserve- a Senate committee holds a hearing on his nomination on Thursday- he's made a promise that may disappoint anyone who hoped he might be able to pepper the text with insights gleaned at the Fed.