The Federal Reserve Bank of Chicago has unveiled a new webpage that explains the Federal Reserve System’s dual mandate of achieving maximum employment while keeping prices stable, and shows key indicators of whether the Fed is actually fulfilling that mandate.
While much of the discussion around the role of the Fed in improving the economy has centered on the actions of Federal Reserve Chairman Ben Bernanke, the Occupy Wall Street movement will try a different tack today by marching on the country’s regional Federal Reserve banks — pivotal but often More…
The Federal Reserve’s policy committee, the Federal Open Market Committee (FOMC), met today and voted on what course of action they would take with respect to U.S. monetary policy in the coming months. Their statement reflects the commonly-held perception that the recovery from the Great Recession has stagnated:
Wednesday morning’s press conference with Federal Reserve Chair Ben Bernanke was greeted unenthusiastically, as many in the press said the event contained little substance. Still, some news this morning may come as an unwelcome surprise to anyone who went along with Bernanke’s mild optimism. Unemployment figures have taken More…
In a long speech this morning in Boston, Federal Reserve Chairman Ben Bernanke implied that the central bank will take additional action to help the economy, in the face of sustained high unemployment rates, below-target inflation and sluggish growth.
As always with the Fed, the statement came in cagey, More…
Yesterday, Federal Reserve Chairman Ben Bernanke gave a speech to the Rhode Island Public Expenditure Council. He argued that the United States is on an unsustainable fiscal course, and that while he does not advise cutting spending in the next two years, after 2012 Congress needs to get serious More…
Yesterday, in the waning hours before the long October recess, during which members of Congress campaign, the Senate confirmed a spate of nominees. Among them were Janet Yellen and Sarah Bloom Raskin to the board of the Federal Reserve, much-needed policy-making positions. But do not take this as much of More…
Today, Ben Bernanke, the head of the Federal Reserve, testified before the Financial Crisis Inquiry Commission on Too Big to Fail banks and the general financial collapse. (Find Bernanke’s prepared testimony in a PDF here.) But he is getting the most attention for a comment on housing, where he More…
Speaking in Jackson Hole, Wyo., this morning, Federal Reserve Chairman Ben Bernanke mentioned a number of further steps the central bank could take to ameliorate the dire economic straits the country is in. The second involved changing the Fed’s communications strategy.
Speaking at a major annual economic conference in Jackson Hole, Wyo., Federal Reserve Chairman Ben Bernanke indicated he would be willing to support further measures by the central bank to help the recovery. But he did not preview any new tactics, instead elaborating on previously discussed and mostly moderate options. More…
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