Apr 15 Higher food, rent costs boost U.S. consumer inflation By Sarah Corapi Consumer prices in the U.S. ticked upward this March, climbing more than expected as Americans paid slightly more for food and rental housing. The hike suggests improving consumer demand, and may alleviate concerns among some Federal Reserve officials… Continue reading
Mar 27 U.S. 'underbanked' population increasingly using mobile banking By Simone Pathe Mobile banking is on the rise, especially among those consumers who are "underbanked" and rely on other financial services besides a traditional bank account. Continue reading
Mar 26 How candid should Janet Yellen be? Watching emerging markets overreact to Fed transparency By Simone Pathe When the Fed chair speaks, emerging markets take note. New research about their reaction to the Fed's early hints of tapering raises bigger questions about global financial integration and the Fed's transparency. Continue reading
Mar 20 Fed says biggest banks could withstand severe economic downturn By Simone Pathe On the first of two report card days for big banks in America, all but one bank received a passing grade from the Federal Reserve. The central bank released the results of its “stress test” of 30 bank-holding companies with… Continue reading
Mar 19 Watch Despite dip in unemployment, Yellen says Fed will hold low short-term interest rates for now By PBS News Hour Continue watching
Mar 19 Yellen defends Fed's decision to forgo unemployment threshold By Simone Pathe The Fed’s policy-making body, the Open Market Committee, announced Wednesday they will again draw down purchases of bonds by $10 billion. Monthly bond purchases will now decreases from $65 billion to $55 billion. Continue reading
Mar 19 Is Janet Yellen right for the job? By Richard F. Syron At the end of the Fed's two-day policy meeting Wednesday, Janet Yellen holds her first press conference as chair. Former Fed governor Richard Syron examines Yellen's preparation for the job in light of her predecessors' tenures at the central bank. Continue reading
Feb 28 How to protect your retirement if you think inflation is right around the corner By Lewis Mandell The threat of rising inflation, even if it exceeds the Fed's target rate by just a few percentage points, could jeopardize the fixed income many boomers depend on during retirement. Lew Mandell explains when and how to secure inflation-protected income. Continue reading
Feb 23 Watch Transcripts reveal Fed reactions during 2008 economic crisis By PBS News Hour Federal Reserve Board transcripts from 2008 released on Friday give a behind-the-scenes look at how the nation’s central bankers reacted to the global financial meltdown. Hari Sreenivasan speaks with the Wall Street Journal’s Jon Hilsenrath about what new insight these… Continue watching
Feb 11 Watch News Wrap: House votes to raise debt ceiling without conditions By PBS News Hour In our news wrap Tuesday, House Republicans gave up the hope of adding a provision on military pensions to legislation that would raise the debt ceiling. Also, in her first public comments as the chair of the Federal Reserve, Janet… Continue watching