Dec 6, 2013 — The unemployment rate fell to 7 percent and employers added 203,000 jobs to payrolls in November, according to the latest report from the Bureau of Labor Statistics. The largely positive data could build anticipation that the Federal Reserve might move to taper its stimulus program.
Nov 14, 2013 — Janet Yellen cleared a key hurdle in her path to become the next chair of the U.S. Federal Reserve, after a Senate Banking Committee hearing went smoothly Thursday. The most difficult questions centered on the Fed's stimulus efforts.
Oct 30, 2013 — The Federal Reserve says it needs more evidence of a sustained recovery before halting or tapering off its bond-buying program.
Oct 9, 2013 — Also: Boehner says short-term shutdown deal would be 'unconditional surrender" and U.S. to cut some military aid to Egypt.
Sep 26, 2013 — We ask a former Fed economist: What does the chairman actually do? The short answer: Runs the meetings. Turns out, this is actually a big deal.
Sep 24, 2013 — Somehow, information about the Fed's bond buying decision got into computers in Chicago faster than the speed of light. Those milliseconds meant millions.
Sep 17, 2013 — Consumer prices rose just 0.1 percent in August and were up only 1.5 percent from a year earlier. The report seems to fit with the notion that the Federal Reserve has accomplished its objective: Give the economy enough of a lift to keep it moving, but not so much that inflation takes off.
Sep 16, 2013 — Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January. Now the focus turns to whether Obama will pick Fed Vice Chairman Janet Yellen to be the first woman to run the central bank.
Sep 15, 2013 — Former Treasury Secretary Larry Summers informed President Obama of his decision in a phone call Sunday. He had been considered a front-runner to replace Ben Bernanke, but faced opposition from Democrats in Congress.
Sep 4, 2013 — Car sales picked up, as did hiring at auto manufacturing plants, according to the central bank's latest Beige Book.