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Craig Torres

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Fed’s next rate move splits economists looking past March FOMC

WASHINGTON - The great American jobs machine keeps humming and inflation is finally stirring to life. Still, economists are split over how aggressively the...

Brainard urges patience at Fed as Fischer sees inflation signs

WASHINGTON - Federal Reserve Governor Lael Brainard said the U.S. economy isn’t immune to global risks and called for careful adjustments to the policy...

Yellen to keep Fed rate options open amid turbulent markets

WASHINGTON - Janet Yellen’s big challenge next week is clear communication about a clouded outlook.The Federal Reserve was expected to leave interest rates unchanged...

Boston Fed joins eight other banks in seeking discount-rate rise

WASHINGTON - The Federal Reserve Bank of Boston joined eight other reserve banks in requesting a quarter percentage-point increase in the discount rate before...
FEDERAL RESERVE Chair Janet Yellen said she still expects to raise interest rates this year and repeated that the subsequent pace of increases will be gradual. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Yellen maintains outlook for first interest-rate rise in 2015

WASHINGTON - Federal Reserve Chair Janet Yellen said she still expects to raise interest rates this year and repeated that the subsequent pace of...

Fed officials reassess U.S. outlook amid global weakness

WASHINGTON - Federal Reserve officials are starting to reassess their outlook for the economy as global weakness and disappointing data on American consumer spending...
FEDERAL RESERVE CHAIRWOMAN JANET YELLEN's comments echoed the message from minutes of the July Federal Open Market Committee meeting, which showed officials growing more aware that labor markets are returning to health. / BLOOMBERG NEWS FILE PHOTOS/ANDREW HARRER

Yellen: Labor market ‘yet to fully recover’

JACKSON HOLE – Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t...
ACCORDING TO U.S. Federal Reserve Chairman Ben S. Bernanke, premature Fed tightening could endanger the country's still tenuous economic recovery. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Bernanke says premature Fed tightening would endanger recovery

WASHINGTON – Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy...
THE U.S. FEDERAL Reserve building stands in Washington, D.C., U.S. / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

Fed stress tests show 17 of 18 banks weathering severe slump

WASHINGTON - The Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory...
THE U.S. FEDERAL Reserve building stands in Washington, D.C., U.S. / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

Fed says credit quality of large loans improves for third year

WASHINGTON - The quality of large loans in the U.S. banking system improved for the third year in 2012, with problem credits falling 8.1...
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