Oct 21 Federal Reserve imposes sweeping new limits on policymakers' investments By Christopher Rugaber, Associated Press The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. Continue reading
Sep 27 Boston Fed's Eric Rosengren to retire early citing health reasons By Christopher Rugaber, Associated Press Rosengren's announcement also comes after investments by him and other Fed officials last year have raised questions about the Fed's ethics rules. Continue reading
Sep 22 WATCH: Under pressure, Powell says Federal Reserve to revamp its trading rules By Christopher Rugaber, Associated Press The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, the first step toward unwinding the extraordinary support it’s given the economy since the… Continue reading
Sep 16 Federal Reserve reviews ethics policies after prolific trading uncovered By Christopher Rugaber, Associated Press The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year. Continue reading
Aug 27 Fed on track to slow aid for economy later this year, says Powell By Christopher Rugaber, Associated Press The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday. Continue reading
Aug 12 Back-to-back price hikes, wholesale costs up 1 percent in July By Martin Crutsinger, Associated Press Over the past 12 months, prices at the wholesale level are up a record 7.8 percent, surpassing the old record of a 7.3 percent gain set for the 12 months ending in June. Continue reading
Jul 13 Watch 6:41 News Wrap: Consumer prices see 5.4% year on year rise, White House says surge temporary In our news wrap Tuesday, the Federal Reserve and White House said they expect a consumer price surge, up 5.4 percent, to be temporary. There's fresh evidence that COVID-19 infections in the U.S. are rising again, mostly among the unvaccinated. Continue watching
Jun 16 Watch 5:08 News Wrap: Federal Reserve projects rate increases in 2023 as economy recovers from COVID In our news wrap Wednesday, the Federal Reserve signaled it may raise a key, short-term interest rate — from near-zero — sooner than planned. The European Union called for lifting travel restrictions on Americans. North Korea's leader Kim Jong-un warned… Continue watching
Apr 14 Federal Reserve survey finds economy rebounding, helped by stimulus, vaccines By Martin Crutsinger, Associated Press The new survey released Wednesday showed that the Fed's business contacts around the country were expressing more optimism about the economy's outlook as activity accelerated. Continue reading
Apr 08 U.S. nears full reopening to 'different economy,' says Fed Chair Powell By Christopher Rugaber, Associated Press The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday. Continue reading