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1. Fed Keeps Key Rate Unchanged; No Hint on Timing of Next Hike
- Thursday, April 28, 2016
WASHINGTON (AP) – The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.
2. Fed Minutes Show Officials Wary of April Rate Hike
- Thursday, April 07, 2016
WASHINGTON (AP) – Federal Reserve policymakers were split at their last meeting over how to respond to a slowing global economy, with two officials supporting a rate hike in March even as an opposing group felt that even raising rates in April would be too soon.
3. Fed Keeps Key Rates Unchanged; Foresees Fewer Hikes In 2016
- Thursday, March 17, 2016
WASHINGTON (AP) – The Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy.
As a result, Fed officials are forecasting that they will raise rates more gradually this year than they had envisioned in December. The officials now foresee two, rather than four, modest increases in their benchmark short-term rate during 2016.
4. Fed Vice Chair in Spotlight as Markets Seek Rate Hike Clues
- Monday, August 31, 2015
WASHINGTON (AP) — What once seemed a sure bet — that the Federal Reserve would raise interest rates in September — suddenly appears less certain following a wild week of stock market turbulence.
5. Plosser, a Leading Fed 'Hawk,' to Retire in March
- Tuesday, September 23, 2014
WASHINGTON (AP) – Charles Plosser, a leading inflation "hawk" at the Federal Reserve, announced Monday that he plans to retire March 1.
Plosser, who has been president of the Fed's Philadelphia regional bank since August 2006, has been a leader of the officials known as hawks for their concerns that a continuation of low-interest rate policies could ignite inflation.
6. Yellen: Job Market Makes Fed Hesitant on Rate Hike
- Monday, August 25, 2014
JACKSON HOLE, Wyoming (AP) – Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.
7. Despite Market Unrest, Fed Likely to Pare Stimulus
- Tuesday, January 28, 2014
WASHINGTON (AP) – Just as Ben Bernanke prepares to turn the chairmanship of the Federal Reserve over to Janet Yellen, global markets are on edge over the prospect that she'll extend a policy he began: a steady pullback in the Fed's extraordinary economic stimulus.
8. Fed Leaves Low Interest-Rate Policies Unchanged
- Thursday, October 31, 2013
WASHINGTON (AP) – The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately.
In a statement Wednesday after a policy meeting, the Fed said it would keep buying $85 billion a month in bonds to keep long-term interest rates low and encourage borrowing and spending.
9. Surprise From Fed: No Pullback in Bond Purchases
- Thursday, September 19, 2013
WASHINGTON (AP) – In a surprise, the Federal Reserve has decided against reducing its stimulus for the U.S. economy because its outlook for growth has dimmed in the past three months.
The Fed said it will continue to buy $85 billion a month in bonds while it awaits conclusive evidence that the economy is strengthening. The Fed's bond purchases are intended to keep long-term borrowing rates low to boost spending and economic growth.
10. Fed Official Criticizes Announcement on Bond Buys
- Monday, June 24, 2013
WASHINGTON (AP) — A Federal Reserve voting member believes the Fed's decision to announce details about when it would trim its bond-buying program was "inappropriately timed," according to a statement posted by his staff Friday.
11. Fed Suggests It's Closer to Slowing Bond Purchases
- Thursday, June 20, 2013
WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.
12. Fed Stands by Stimulus, Sees Stronger US Economy
- Thursday, March 21, 2013
WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy has strengthened after pausing late last year but still needs the Fed's extraordinary support to help lower high unemployment.
13. Fed Says Growth Pause Temporary, Keeps Up Stimulus
- Thursday, January 31, 2013
WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy "paused" in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future.
- Monday, May 07, 2012
The Memphis Center City Revenue Finance Corp. will meet Tuesday, May 8, at 9 a.m. at the board’s office, 114 N. Main St. Call Andy Kitsinger at 575-0540 for details.