The Fed's Stanley Fischer also warned against "bankers' backlash," but said opposition to regulation is "making headway."» Read More
Not only is the chairman's absence a break with a 25-year tradition, but it comes at a time when markets crave clarity on the direction of monetary policy.
The index of leading indicators climbed, pointing to an improvement in growth despite federal spending cuts and weaker global demand that had weighed on the economy.
US manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, an industry report showed on Thursday.
The number of Americans filing new claims for unemployment benefits rose last week but held close to a six-year low.
The average American household is earning less than when the Great Recession ended four years ago, according to a report released Wednesday.
In announcing a move that will affect about 15,000 employees, United Parcel Service cited costs associated with the federal health care law. The New York Times reports.
US home resales rose in July to their highest level in over 3 years, suggesting an increase in borrowing costs is having only a limited impact on the market recovery.
U.S. businesses are hiring at a robust rate. The only problem: Three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid.
Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.
Washington state already has the nation's highest minimum wage at $9.19 an hour. Now, there's a push in Seattle, at least, to make it $15.
US consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.
U.S. housing starts and permits for future home construction rose less than expected in July, while nonfarm productivity rose in the second quarter more than expected.
Factory activity in the U.S. mid-Atlantic region weakened in August as new orders fell and the pace of hiring slowed, a survey showed on Thursday.
Output at U.S. factories declined slightly in July, reflecting a drop in auto production.
New claims for unemployment benefits fell to a near six-year low last week, while U.S. consumer prices remained largely benign in July.
St. Louis Federal Reserve President James Bullard said Wednesday that the low US inflation rate is a worrisome sign for the country's economy.
U.S. producer prices pointed to very little inflationary pressure in the economy, which could add to worries at the U.S. Federal Reserve that inflation is running too low.
US economic performance remains too mixed for Federal Reserve policymakers to lay out a detailed path for exiting the stimulus plan, a top Fed official said on Tuesday.
Investors looking for major clues about the future of monetary policy probably will have to look past this month's Federal Reserve summit at Jackson Hole, Wyo.
Inventories at US businesses were flat in June and firms outside the auto sector cut back on restocking, which might weigh against estimates for economic growth in the second quarter.