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Fed decides not moving is best

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Fed decides not moving is best

Ending its two-day policy meeting, The US Fed has refrained from hiking interest rates. It indicated that there were too many imponderables right now, prompting it to postpone a rate increase for the time being.

Deutsche Welle

US industrial output takes a dive

US industrial production has fallen sharply, a fresh report by the Federal Reserve has shown. The figures were released just hours before an expected announcement on whether the Fed would raise interest rates.

Deutsche Welle

Bernanke predicts slow drop in US unemployment

Washington (AFP) — Federal Reserve Chairman Ben Bernanke admitted Tuesday that US economic data had been “disappointing” and that a future reduction in unemployment would likely prove “frustratingly slow.” Dealing a blow to Barack Obama and others hopeful for an improvement in economic news ahead of November’s presidential elections, Bernanke offered a gloomy assessment of …

Daily News Egypt

Fed policy and inflation fisk

By Martin Feldstein CAMBRIDGE: During the past four years, the United States Federal Reserve has added enormous liquidity to the US commercial banking system, and thus to the American economy. Many observers worry that this liquidity will lead in the future to a rapid increase in the volume of bank credit, causing a brisk rise …

DNE

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