Federal Reserve

SummaryPrepared at the Federal Reserve Bank of St. Louis and based on information collected on or before January 5, 2009. This document summarizes comments received from business and other contacts...

    *  The Fed cuts the fed funds rate sharply to a target of 0.00-0.25%.    * The tone of the statement was decidedly dovish, and commits to an extended period of...

The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent.Since the Committee's last meeting, labor market conditions have...

The Manager of the System Open Market Account reported on recent developments in foreign exchange markets. There were no open market operations in foreign currencies for the System's account in the...

SummaryPrepared at the Federal Reserve Bank of Minneapolis and based on information collected before November 24, 2008. This document summarizes comments received from business and other contacts...

Before the Committee on Financial Services, U.S. House of RepresentativesChairman Frank, Ranking Member Bachus, and other members of the Committee, I appreciate having this opportunity to review some...

For immediate releaseThe Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent.The pace of economic activity appears to have slowed...

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, October 28, 2008 at 2:00 p.m. and...

Before the Committee on the Budget, U.S. House of RepresentativesChairman Spratt, Representative Ryan, and other members of the Committee, I appreciate this opportunity to discuss recent developments...

At the Economic Club of New York, New York, New YorkGood afternoon. I am pleased once again to share a meal and some thoughts with the Economic Club of New York. I will focus today on the economic and...