The U.S. Federal Reserve opens a two-day meeting on Tuesday that is expected to conclude with a decision to pump hundreds of billions of dollars into the economy to stir the tepid recovery out of its doldrums. Get the full story »
Inside these posts: Inflation
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Slow job growth hurting Mid-America economy
Slower-paced economic growth is in store for nine U.S. Midwest and South-Central states, according to a survey of supply managers on Monday.
Creighton University’s Business Conditions Index fell to 52.3 in October from 56.3 in September. A reading of 50 is considered growth neutral, while a reading above that signals expansion over the next three to six months. Get the full story »
Volcker sees no inflation, deflation any time soon
The United States does not face a problem of rising inflation for several years and also does not risk a damaging spell of falling prices, Paul Volcker, former chairman of the Federal Reserve, said Monday. Get the full story »
Officials hint Fed on the verge of more easing
A string of Federal Reserve officials on Tuesday indicated the central bank will soon offer further monetary stimulus to the economy, with one saying $100 billion a month in bond buys may be appropriate. Get the full story »
Evans: ‘Appropriate’ to boost inflation temporarily
The U.S. Federal Reserve should pump more cash into the economy and temporarily stoke inflation to counter the stifling effects of high unemployment and undesirably low inflation, a top Fed official said on Tuesday.
“For many, my proposal will be a hard pill to swallow,” Chicago Fed President Charles Evans told a group of business leaders in Evanston. Get the full story »
Evans suggests Fed drive up inflation
The U.S. Federal Reserve should do “much more” monetary easing to spur a sluggish economic recovery, a top Fed official said in an interview published Tuesday.
“In the last several months I’ve stared at our unemployment forecast and come to the conclusion that it’s just not coming down nearly as quickly as it should,” Chicago Federal Reserve Bank President Charles Evans told the Wall Street Journal. Get the full story »
Oct. 1, 2010 at 10:56 a.m.
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Filed under: Economy, Jobs/employment, Layoffs, Policy, Politics Fed’s Evans: More policy accommodation ‘desirable’
The Federal Reserve should take further action to stimulate the economy, or risk letting it fall into a vicious cycle of joblessness and deflationary pressures, top Fed official said on Friday. Get the full story »
Consumer spending rose in August; inflation muted
Consumer spending rose slightly more than expected in August, but inflation remained subdued, leaving the door open for the Federal Reserve to launch a fresh round of monetary policy easing. Get the full story »
