Federal Reserve

Fed Issues Report on Faster Payments Initiative

The Federal Reserve on Thursday released a high-level synopsis of its work to identify gaps in the U.S. payments system and potential improvements, marking the latest step in the central bank's two-year project to make the system faster and more secure.

Yellen says Fed following prudent course on rates

While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly.

Yellen says Fed following prudent course on rates

While unemployment has fallen significantly and inflation is starting to tick higher, Federal Reserve Chair Janet Yellen says she does not believe that the central bank has fallen behind the curve and needs to start pushing interest rates up more quickly.

Fed Chief Yellen Expects Three Rate Hikes Annually Through 2019

The Federal Reserve expects to raise rates three times a year for the next two years as the U.S. economy continues to recover from the worst financial crisis since the Great Depression, moving closer to full employment and 2% inflation, Federal Reserve Chief Janet Yellen said on Wednesday.

Jump in Manufacturing, Tight Labor Markets Show U.S. Economic Health

A pickup in manufacturing, 'widespread' reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions.

Jump in Manufacturing, Tight Labor Markets Show U.S. Economic Health

A pickup in manufacturing, 'widespread' reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions.