The gain in U.S. wholesale prices reflected higher food and services costs, signaling modest inflation, a Labor Department report showed July 13 in Washington.
July 13, 2017Government
Fed to Trump: Make American Workers More Productive
The Federal Reserve’s advice to President- elect Donald Trump on the U.S. economy, repeated on Nov. 21 by Vice Chair Stanley Fischer, is crystal clear: Use the power of the public purse to make American workers more productive.
November 21, 2016Government
Fed Hikes Interest Rates
The Federal Reserve System announced Dec. 16 a quarter-point increase in its benchmark target for interest rates, acting because “the risks to the outlook for both economic activity and the labor market" are balanced.
December 16, 2015Government
Yellen Confirmed to Head Federal Reserve
In its first confirmation vote of the New Year, the U.S. Senate approved Janet Yellen to head the Federal Reserve.
January 7, 2014Government
Fed to Cut Back Bond-Buying
The Federal Reserve Board of Governors voted Dec. 18 to reduce its bond-buying in the first major step to taper the quantitative easing it has conducted to prop up the U.S. economy during the recession.
December 18, 2013Government
Obama Nominates Yellen as Fed Chairwoman
President Obama nominated Janet Yellen, the Federal Reserve’s vice chairwoman, to be the first female chairwoman of the nation’s central bank, the Associated Press reported.
October 9, 2013Government
Economy, Trucking Began Year at ‘Moderate’ Growth Pace, Fed Says
The U.S. economy started the year “expanding at a modest to moderate pace,” and transportation and trucking activity were mixed as tonnage increased, the Federal Reserve said.
March 7, 2013Government
Fed Holds Interest Rate at Record Low
The Federal Reserve Wednesday said it was holding a key interest rate at a record low as “economic activity paused in recent months.”
January 30, 2013Government
Philadelphia Manufacturing Activity Contracts
Manufacturing activity in the Philadelphia region contracted this month, the Federal Reserve Bank of Philadelphia said Thursday.
January 17, 2013Government
Fed Upgrades Economic Growth Outlook
Federal Reserve officials boosted their projections for 2013-2014 economic growth and said they would begin a third round of asset purchases to spur the U.S. economy, Bloomberg reported.
September 14, 2012