Wednesday, April 7, 2010 as of 11:14 AM ET
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability.
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How good is the Federal Reserve at its job?That can be a difficult question to answer.
Monetary policy is subjective, and it can take years before the results become apparent. However, MoneyRates.com has found a way to hold the Fed accountable on a more immediate basis for some aspects of its performance.The Fed's report cardMoneyRates.com is introducing a new feature called the Fed Reality Check. It will give you a concise update on how well the Fed's economic forecasts are matching with emerging data.As part of its recent drive for greater transparency, the Fed recently started releasing regular forecasts on GDP growth, unemployment and inflation. For each indicator, the Fed publishes a range of what its members consider to be the likely results for the year. The Fed Reality Check graphic compares the values predicted by the Fed against the actual numbers as they are released.Because the Fed issues its forecasts based on the year in total, it's impossible to say whether the Fed has f...The Bank of England's Monetary Policy Committee voted 8-1 at its meeting earlier this month to leave its bond-buying program unchanged at 325 billion pounds ($512 bi...
The Japanese yen rebounded midday Wednesday after the Bank of Japan decided not to add any additional easing measures at its policy meeting. The central bank left it...
Former OMB Director David Stockman on the European debt crisis.
Independent Sen. Bernie Sanders of Vermont will introduce a bill Tuesday that would prohibit bankers from serving on the board of directors at Federal Reserve region...
A Federal Reserve policy maker on Tuesday refused to rule out further quantitative easing by the U.S. central bank, citing a sharp rise in jobless or a big shock in ...
China should further loosen its monetary policy by cutting the lending rates and reserve requirement ratio for banks this year to boost economic growth, a government...
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain th...
The International Monetary Fund on Tuesday called on the Bank of England to further ease monetary policy in an attempt to close the gap between actual and potential ...
OECD sees Mexico's GDP growing 3.6% this year, rising to 3.8% in 2013-Ongoing uncertainty in Europe, U.S. remain as key downside risks-For Chile, the OECD expects 4....
The Bank of England said Monday it has commissioned outside experts to undertake three separate reviews examining its past performance and its current capabilities.I...
ACAPULCO, Mexico -(Dow Jones)- Mexican banks expect to continue to expand lending this year despite a complicated international financial outlook due to troubles in ...
Bank of England Monetary Policy Committee member Adam Posen will step down from his post on Aug. 31 to become the next president of the Peterson Institute for Intern...
Centurion Holdings CEO Joe Grano on Europe’s economy, U.S. government spending and the fallout from the Facebook IPO.
The president of the New York Federal Reserve Bank said Thursday that given his current forecast for the U.S. economy, there is an argument for further monetary easi...
J.P. Morgan said Thursday a continuing recession in Europe will lead the European Central Bank to ease monetary policy further with rate cuts and another lending mea...
The United States is much closer than generally thought to full employment and it is time for the Fed to shift away from its ultra-easy monetary policy stance, said ...
The British pound extended losses the U.S. dollaron Wednesday, as the greenback rose more broadly on worries about Europe and Greece. The pound fell as low as $1.566...
The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said on Wednesday, raising pressure on Athens to keep its p...
European shares ended a two-day rally and safe-haven assets such as the dollar rose on Wednesday, as investors doubted any new measures to tackle the euro-zone debt ...
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