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US Federal Reserve News

US stocks close off first week in January on a positive note

New York - After a big slide yesterday helped by Apple's decline, US stock markets bounced back on Friday closing off a volatile first trading week of 2019 on a positive note.

Fed spells out why millennials are killing countless industries

Millennial spending habits have wreaked havoc on companies from golf equipment makers to razor manufacturers. Millennials have been blamed for killing plenty of industries. But, according to the Federal Reserve, it's not their fault.

U.S. personal credit card debt reaches all time high

As of the end of June this year, US consumer credit-card debt has surpassed a record set just before the global financial system almost collapsed in 2008.

Fed interest rate hike will have only modest effect on consumers

Washington - The US Federal Reserve increased short-term interest rates by a quarter point on Wednesday to an upper limit of 1.25 percent. The increase will have a quite modest impact on consumer's borrowing costs.

Op-Ed: Head of NY Fed deserves praise for tough talk on student loans

New York - The head of the Federal Reserve Bank of New York calls out the questionable practice of giving government-subsidized college loans to all comers...without any regard for their ability to perform academically.

Senate votes in Yellen as first woman chair of Federal Reserve

Washington - The U.S. Senate, Monday, approved the appointment of Janet Yellen as head of the Federal Reserve. Yellen, 67, will become the first woman to preside over the US central bank, the most powerful in the world.

US will reduce stimulus program by $10 billion a month

Washington - The US Federal Reserve intends to reduce its stimulus program by purchasing about $10 billion a month less in securities than the $85 billion it buys at present.

Op-Ed: US Federal Reserve reports major withdrawals from banks

Washington - For some reason, the first week of January 2013 saw a large withdrawal of deposits from US banks, the largest since the 9/11 terrorist attacks.

Germany to check its gold reserves stored in United States

German government auditors have requested the Bundesbank, Germany’s equivalent of the Federal Reserve, to check up on Germany’s gold reserves much of which are in secure storage at banks abroad.

Op-Ed: World Bankers laughing as they pay fines & continue crimes

What do you know about the bank where you keep your money? Do you have a safety deposit box? Are the contents really safe?

U.S. Fed. Reserve: Economy expanding at 'modest to moderate' pace

The U.S. Federal Reserve said Thursday that the American economy expanded in June and into July at a "modest to moderate" pace but that employment in that country was only managing to grow at a "tepid" pace.

United States Federal Reserve Keeps Rates Unchanged

The Federal Reserve decided on Tuesday to continue the run of near-zero interest rates, choosing not to tamper with what some have called the beginning of an economic recovery.

US Federal Chairman says US economy is 'close to faltering'

Washington - Ben Bernanke, the US Federal Chairman, testified recently before Congress that the US economic recovery has been slower than previously thought. The Greek debt crisis, political infighting, and sluggish job growth keeps the economy "close to faltering."

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