Fed's Plosser on PBS: open to cuts as economy slows
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Philadelphia Federal Reserve Bank President Charles Plosser said on Friday that the U.S. economy slowed "considerably" late in the fourth quarter, and that he is open to further interest rate cuts.
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This week, we find out what the Federal Reserve was thinking when it cut interest rates by a whopping 1.25 percentage points in January -- and how leaders of the central bank expect the economy to do this year and beyond. The Fed will release minutes of its Jan. 21 emergency videoconference and J...
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Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for an economy that already is in slowdown mode.
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RICHMOND, Virginia  - Weaker U.S. growth means that more interest rate cuts are "quite possible" but policy-makers cannot ignore inflation, Federal Reserve Bank of Richmond President Jeffrey Lacker said on Friday.
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Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday a central bank committed to keeping inflation low was good monetary policy and that keeping expectations intact helped policy-makers respond effectively to shocks.
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Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending.
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Faced with a deteriorating economy, Federal Reserve Chairman Ben Bernanke has indicated he is open to congressional and White House efforts to develop a rescue package to avert a recession.
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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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Federal Reserve economists think aging workers and a shrinking workweek mean the maximum sustainable U.S. economic growth rate may slow, Fed Governor Frederic Mishkin said on Thursday.
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Federal Reserve Chairman Ben Bernanke on Thursday held the door open to more interest rate cuts to help the struggling U.S. economy, but told Congress the central bank expects growth to pick up later in the year.
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A slowdown could keep  the U.S. economy from growing at a sustainable pace into  sometime next year, San Francisco Federal Reserve President  Janet Yellen said on Tuesday.
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Business & money: West's leading thinktank urges Federal Reserve to cut interest rates as housing market crisis deepens.
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The Federal Reserve is likely to cut an important interest rate this week, a move designed to help the economy get through the  a painful housing slump and credit crunch
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GREENVILLE, South Carolina  - The U.S. economy's   noninflationary speed limit has likely dropped due to slower   labor force growth, but productivity should stay strong,   Federal Reserve Chairman Ben Bernanke said on Thursday.
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GREENVILLE, South Carolina  - The speed at which   the U.S. economy can grow without risking inflation has likely   dropped due to slower labor force growth, but the productivity   gains that help restrain inflation should stay strong, Federal   Reserve Chairman Ben Bernanke said on Thursday.
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The Federal Reserveâs decision to cut interest rates by three-quarters of a percentage point should offer some comfort to consumers, with limits.