Federal Reserve

11:52am

Thu July 11, 2013
The Two-Way

Bernanke's Comments Lift Stocks To Record Highs

Originally published on Thu July 11, 2013 3:29 pm

Stocks surged Thursday after the chief of the Federal Reserve sent signals that the central bank wasn't in a hurry to stop helping the economy. When the markets closed, the Standard & Poor's 500 Index was at a record high. Other U.S. indexes were also up, including the Dow Jones Industrial Average, which rose nearly 170 points to a record 15,460.92.

Update at 5 p.m. ET: We've updated some figures in this post to reflect the markets' closing.

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1:02pm

Wed July 10, 2013
The Two-Way

U.S. Job Market Seen As X Factor In Fed's Stimulus Plans

Traders work at the New York Stock Exchange Wednesday. Stocks rose in the moments after details of the Federal Reserve's latest policy meeting were released today.
Richard Drew AP

The Federal Reserve must ensure the U.S. job market is in full health before it begins to ease its aggressive bond-purchasing program, its top officials said at the Fed's latest policy meeting. This afternoon, the central bank released the minutes of the Federal Open Market Committee meeting of June 18 and 19.

In that session, the officials cited a moderate pace of economic expansion, but said it was coupled with an unemployment rate that remains high.

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3:45am

Wed July 10, 2013
The Two-Way

Investors Brace For News Out Of Fed Minutes

Originally published on Wed July 10, 2013 7:13 am

Federal Reserve Chairman Ben Bernanke during a news conference in June. Financial markets reacted to comments he made then by selling off bonds and stocks.
Alex Wong Getty Images

After the Federal Open Market Committee meeting last month, the financial markets "freaked out," according to David Wessel, economics editor of The Wall Street Journal.

Federal Reserve Chairman Ben Bernanke's remarks at the time sent a shockwave through the markets when he suggested the Fed's stimulus could end.

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3:25pm

Thu June 20, 2013
The Two-Way

Dow Loses 350 Points After Fed Hints It Will Stop Buying Bonds

Traders work the floor of the New York Stock Exchange after the opening bell on Thursday.
John Moore Getty Images

The Dow Jones industrial average closed down more than 353 points on Thursday in a selloff sparked by uncertainty about the end of a government monetary stimulus program and a credit crunch in China.

Wall Street followed a downturn in global markets. The Standard & Poor's 500-stock index lost 2.5 percent, while the Dow and Nasdaq composite indexes both lost 2.3 percent.

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2:34am

Thu June 20, 2013
Economy

Fed Warns Stimulus Package Will Be Ratcheted Down

Originally published on Thu June 20, 2013 5:07 am

Transcript

STEVE INSKEEP, HOST:

Those Chinese figures helped Asian markets to take a big tumble today, as did yesterday's comments by Federal Reserve Chairman Ben Bernanke. He said the Fed will likely begin slowing down its economic stimulus later this year. The Fed's massive bond buying program - which is a major part of that stimulus - is seen as a big reason behind recent rallies in the financial market.

NPR's John Ydstie has more.

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