Fed chairman makes no comments on monetary policy
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WASHINGTON (CBS.MW) -- US banks have learned painful lessons from crises and competition and have adapted to succeed in today&#39;s economy, Alan Greenspan told an audience of bankers on Tuesday.
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Federal Reserve Bank of Kansas  City President Thomas Hoenig on Wednesday said he was keeping  an open mind about the future direction of interest rates but  was on alert for fallout from financial market woes.
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The Federal Reserve left its interest rates untouched today for the fourth straight time, holding that a slowing economy will subdue inflation.
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LINCOLN, Nebraska  - U.S. Federal Reserve   officials expressed guarded confidence on Wednesday that   inflation will ease, but Jeffrey Lacker, the Fed's most   outspoken hawk, was unconvinced.
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Wall Street ended an aimless session barely lower after investors shrugged off comments about productivity by the Federal Reserve chairman.
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The economic expansion has firmed, yet inflation remains tame, Alan Greenspan, Federal Reserve chairman, said yesterday. That buttressed economists' views that the Fed for now will stick with its gradual approach to raising interest rates.
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Major currencies were little changed as market players awaited a speech by Federal Reserve chairman Ben Bernanke tomorrow, key US employment data on Friday and a euro zone interest rate decision on Thursday.
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Ben S. Bernanke signaled that the Federal Reserve was not inclined to lower interest rates any time soon.
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When Federal Reserve policy makers meet on Wednesday to set interest rates, they will be paying less attention to what is happening to the economy than to what could happen.
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The Federal Reserve has never  pledged to hike interest rates only at a measured pace and is  closely watching inflation, a top policy-maker said on Monday  in a possible sign of faster rate moves than expected.
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ALAN GREENSPAN, Chairman of the US Federal Reserve, undercut lingering hopes of staging an operation to support the dollar at a meeting of bankers in Frankfurt 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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Japan&#39;s central bank decided Thursday to leave its monetary policy unchanged to keep the country&#39;s economic recovery going.
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The Federal Reserve on Wednesday  declined to comment on speculation in financial markets that  the U.S. central bank might cut the discount rate imminently.
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The U.S. Federal Reserve remains worried inflation is too high, but is also watching to see how much a "substantial correction" in housing markets will slow economic growth, Fed Chairman Ben Bernanke said on Wednesday.
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Stocks traded essentially flat Thursday as investors awaited the Federal Reserve's decision on interest rates and remained on guard for comments policymakers might make about the economy.
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FREDERICK, Maryland  - Richmond Federal Reserve Bank President Jeffrey Lacker said on Wednesday that figures on inflation excluding food and energy prices have fluctuated, and it is hard to say if core inflation is on a downward path.