federal open market committee News

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Vexed by Joblessness, Fed Sticks to Cheap-Money Plans

For all the knotty financial, psychological and political factors complicating the Federal Reserve's effort to get the economy back on track, one persistent and simple truth in its monetary policy statement today says it all: "Employers remain reluctant to add to payrolls." The United States just isn't putting back to...

Opinion: Devaluing the Dollar -- A Fool's Errand

(Dec. 15) -- Last month, Federal Reserve Chairman Ben Bernanke argued that the Fed's latest attempt to get the economy improving at a quicker pace -- a second round of quantitative easing (widely dubbed QEII) -- would help create "a virtuous circle" stemming from lower long-term rates, greater investment, higher stock...

Should Fed Heal Economy With Talk Therapy?

(Nov. 25) -- When it comes to the economy, it's not just what you do but what you say. And no place is this more true than at the Federal Reserve, where a single word uttered by the chairman of the U.S. central bank can cause upheaval across the global financial markets and prompt businesses to hire or fire, raise prices...

Fed Rescue Effort for Economy Would Carry Risks

(Oct. 15) -- The straggling jobs market, foreclosure epidemic and rash of vulnerabilities across the American economy seem to call for a rescue effort from the Federal Reserve, but any such rescue bid would come with risks of its own. Fed Chairman Ben Bernanke today made the case for additional economic aid, arguing that...

Fed Chairman: Recovery 'Far From Complete'

(Aug. 27) -- With lingering anxiety plaguing the economy, Federal Reserve Chairman Ben Bernanke today outlined an arsenal of tools that could still be applied to restore confidence amid a weak recovery and the sorry state of the job market. "I think we would all agree that, for much of the world, the task of economic...

Background on federal open market committee

The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System, is charged under United States law with overseeing the nation's open market operations (i.e., the Fed's buying and selling of United States Treasury securities).

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