Federal Reserve

12:53pm

Wed June 19, 2013
The Two-Way

Fed Leaves Interest Rates And Bond Purchase Plan Untouched

Originally published on Wed June 19, 2013 1:57 pm

Federal Reserve Chairman Ben Bernanke said Wednesday that a fall in the unemployment rate would not automatically trigger a rise in interest rates. He spoke to the media after the central bank issued a policy update.
Susan Walsh AP

The Federal Reserve will continue its program of purchasing $85 billion in securities and will leave the target interest rate for federal funds untouched to support the U.S. economy, the U.S. central bank said in a policy update issued Wednesday afternoon.

Here's a summary of the state of the U.S. economy from the Fed, which concluded two days of meetings today:

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6:39am

Mon June 3, 2013
The Two-Way

Who Knew? Fed Chairman Ben Bernanke Is A Funny Guy

Originally published on Mon June 3, 2013 8:15 am

Federal Reserve Chairman Ben Bernanke. (2010 file photo.)
Tim Shaffer Reuters /Landov

Hearing that Federal Reserve Chairman Ben Bernanke offered Princeton graduates "10 suggestions" at their commencement ceremony Sunday, we had visions of those in caps and gowns nodding off during a treatise on the fine points of investing in municipal bonds.

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9:37am

Wed May 22, 2013
The Two-Way

Bernanke Hints That The Economy Still Needs Help

Federal Reserve Chairman Ben Bernanke during his Capitol Hill testimony Wednesday before the Joint Economic Committee.
Alex Wong Getty Images

In the nearly impenetrable language that comes with his job, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that even though the economy is doing better, the central bank needs to keep giving it a boost.

The key passage from his prepared testimony:

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3:09pm

Wed April 24, 2013
The Two-Way

Redesigned $100 Bill To Go Into Circulation After Long Delay

Originally published on Wed April 24, 2013 6:30 pm

The new Ben Franklin.
Newmoney.gov

The redesigned U.S. $100 bill will begin appearing after October with new security features that will make it "easier for the public to authenticate but more difficult for counterfeiters to replicate," the U.S. Federal Reserve said Wednesday.

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8:47am

Thu April 11, 2013
The Two-Way

Why Does Anyone Care About Minutes Of Weeks-Old Fed Meetings?

Originally published on Thu April 11, 2013 10:30 am

The Federal Reserve's headquarters in Washington, D.C. What goes on inside there is of intense interest to investors.
Karen Bleier AFP/Getty Images

There's been a bit of a brouhaha over the Federal Reserve's inadvertent early release Tuesday evening of minutes from its closed-door March 19-20 policy meeting.

As The Associated Press writes, "employees at JPMorgan Chase, Goldman Sachs Group, Wells Fargo and Citigroup were among those to receive [the] market-sensitive information."

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