Federal Reserve

2:09pm

Wed July 17, 2013
Economy

Bernanke Gives Economic Road Map With Uncertain Timeline

Originally published on Wed July 17, 2013 5:11 pm

Transcript

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You're listening to ALL THINGS CONSIDERED from NPR News.

One month ago, Federal Reserve Chairman Ben Bernanke introduced the idea of winding down the Fed's massive stimulus programs. On that announcement, the markets tanked. Today, Bernanke said pretty much the same thing. But this time, the markets yawned.

As NPR's John Ydstie explains, the Fed chairman appears to have finally found the formula to ease Wall Street's concerns.

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12:19pm

Wed July 17, 2013
The Two-Way

Economy's Growing At 'Modest To Moderate Pace,' Fed Says

Part I of the news from the Federal Reserve on Wednesday was Chairman Ben Bernanke's signal to the financial markets that the central bank won't be shifting away from its "easy money" policy just yet.

Part II was just released. In its latest "Beige Book" review of economic conditions around the nation the Fed says that:

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8:28am

Wed July 17, 2013
Economy

Market Mood Improves After Bernanke Remarks

Transcript

RENEE MONTAGNE, HOST:

Ben Bernanke's latest comments are at the top of NPR's business news.

Stock and bond markets reacted positively to the Federal Reserve chairman's latest remarks on the economy this morning. Ben Bernanke is on Capitol Hill delivering the Fed's twice-yearly update on the economy and Fed policy before the House Financial Services Committee. NPR's John Ydstie joins us now to talk about it. And John, what was it that Bernanke said that impressed the market?

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7:15am

Wed July 17, 2013
The Two-Way

Bernanke: Fed's Monetary Policies Not On 'A Preset Course'

Originally published on Wed July 17, 2013 10:22 am

Federal Reserve Board Chairman Ben Bernanke speaks during a news conference at the Federal Reserve in Washington, D.C., last month.
Alex Wong Getty Images

In testimony before the House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that when and how the Fed winds down its stimulus programs will depend on economic conditions.

Here's the key passage from Bernanke's prepared remarks:

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6:57am

Fri July 12, 2013
The Two-Way

On The Economy: Inflation Accelerates; Fed Rumors Rise

Originally published on Fri July 12, 2013 10:55 am

A surge in prices at the pump fueled inflation in June.
Jonathan Fickies Landov

The morning's major economic news:

-- Inflation. Wholesale prices rose 0.8 percent in June from May, fueled by a 2.9 percent surge in the price of energy products, the Bureau of Labor Statistics says. As drivers can confirm, a 7.2 percent jump in the cost of gasoline was responsible for most of that boost.

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