Fed&#39;s Poole calls for end to rate hints
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WASHINGTON (CBS.MW) -- The Federal Open Market Committee should end its practice of hinting at the likely course of future policy actions, said William Poole, the president of the Federal Reserve Bank of St.
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The Federal Reserve may be done raising interest rates, having probably increased  them enough already to cause inflation to fall gradually, an influential central bank policymaker said yesterday.
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A slowdown in the US economy could justify a pause in the Federal Reserve&#39;s interest rate increases, Fed Governor Ben Bernanke said on Thursday.
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St Louis Federal Reserve President  William Poole on Friday dismissed fears that the U.S. economy  was heading into a recession.
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WASHINGTON - Federal Reserve policymakers suggested that &quot;significant&quot; increases in short-term interest rates probably would be needed to keep inflation from becoming a problem, according to minutes released Thursday of their August meeting.
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The U.S. Federal Reserve is not  rushing to cut benchmark interest rates because it wants to  break investors of the view that the central bank is there to  bail them out, an article in the Wall Street Journal said on  Thursday.
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Abandoning recent threats to raise interest rates, the European Central Bank hinted Thursday that it would soon follow the Federal Reserveâs lead and cut them.
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The U.S. Federal Reserve is not rushing to cut benchmark interest rates because it wants to break investors of the view that the central bank is there to bail them out, an article in the Wall Street Journal said on Thursday.
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Investors assume that the central bank will reduce the overnight federal funds rate by at least a quarter of a percentage point, to 5 percent. But many market analysts say that will not be enough to restore confidence.
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WASHINGTON -- Federal Reserve policy makers suggested ''significant&quot; increases in short-term interest rates probably would be needed to keep inflation from becoming a problem, according to minutes of their August meeting that were released yesterday.
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St. Louis Federal Reserve President William Poole on Friday dismissed fears that the U.S. economy was heading into recession, and said he saw no current grounds for the central bank to prop up falling stock markets.
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Fed chief tells Congress inflation is too high, a sure sign he won't be lowering interest rates any time soon.
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The Federal Reserve is nearing  the end of its two-year run of interest rate increases as the  United States economy enters a stretch of slower economic  growth, Fed officials said on Monday.
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US Federal Reserve officials had seen the need for more rate hikes over one month before they boosted the federal funds rate for the third time this year two days ago, a document released Thursday showed.
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The recent slowdown in growth and higher oil prices probably won&#39;t stop interest rates from rising, a senior Federal Reserve official said yesterday.
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St Louis Federal Reserve President  William Poole said on Friday that oil supply shocks need not  cause recessions and were no excuse for a central bank to allow  inflation to escape its control.
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European Central Bank President Jean- Claude Trichet joined European finance ministers in urging the US to halt the decline of the dollar, warning that the currency&#39;s slide risks derailing global growth.