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Fed could end bond buys in autumn if jobs outlook sure: Evans

May 20, 2013 14:00
By Ann Saphir CHICAGO (Reuters) - The Federal Reserve could continue full-speed ahead on its bond-buying program through the summer, but end it abruptly in the autumn if by then it is confident that the improvement in the jobs outlook is here to stay, a top Fed official said on Monday. "We've seen good progress in the labor market outlook," Charles Evans, president of the Federal Reserve Bank of Chicago, told the CFA Society Chicago.

Fed says 96,000 borrowers getting additional checks to correct errors in mortgage compensation

The Canadian PressMay 10, 2013 06:17
WASHINGTON - Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures on their mortgages will be getting an additional check to correct for errors in the initial payment, the Federal Reserve announced Wednesday. The Fed said the affected borrowers received initial compensation amounts that were too low because of errors made by Rust Consulting, the company handling the payments.

Fed's Plosser wants to slow bond buys

May 9, 2013 19:45
NEW YORK (Reuters) - The Federal Reserve should slow its massive asset purchase program, a senior Fed official said on Thursday, saying he wasn't sure how much the central bank's easy policy was helping the struggling labor market. "I'd like to stop but I would particularly like to see us begin to slow the pace down, gradually ease our way out of this if we possibly can," Philadelphia Fed President Charles Plosser said on Bloomberg television, answering a question about an exit from the Fed's easing.

Wall Street sees Fed buying $1.25 trillion of assets in stimulus: Reuters poll

May 7, 2013 12:52
By Chris Reese NEW YORK (Reuters) - Wall Street is looking for the Federal Reserve to buy a total of $1.25 trillion of assets under its latest debt purchase program intended to stimulate the economy, according to a Reuters poll conducted on Friday. The median of forecasts from economists at 15 U.S. primary dealers - the large financial institutions that deal directly with the Fed - was for the central bank to buy $1.25 trillion of assets, which was up from a median of $1 trillion in a similar poll conducted on March 8.

Fed suggests more easing if economy falters

Agence France-PresseMay 1, 2013 18:16
The Federal Reserve kept its easy-money policies Wednesday but left the door open to step up bond purchases if the economy slowed under the government's severe "sequester" spending cuts. The central bank's policy board, the Federal Open Market Committee, said after a two-day meeting that the economy continued to grow at a "moderate" pace. But it also said that growth was being restrained by the government's tighter fiscal policy, which imposed tax hikes in January and across-the-board spending cuts in March.

Federal Reserve policymaking group has power over economy through control of interest rates

The Canadian PressMay 1, 2013 17:17
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC's primary role?

Fed suggests more easing if economy falters

Agence France-PresseMay 1, 2013 16:15
The Federal Reserve held its easy-money policies in place Wednesday but left the door open to step up bond purchases if the economy slows under the government's severe "sequester" spending cuts. The central bank's policy board, the Federal Open Market Committee, said after a two-day meeting that the economy continues to grow at a "moderate" pace. But it also said that growth is being restrained by the cuts to government spending implemented since the beginning of March.

Fed maintains quantitative easing via $85 bil. asset purchases

Kyodo News InternationalMay 1, 2013 16:15
The U.S. Federal Reserve said Wednesday it has decided to maintain quantitative easing policy through $85 billion asset purchases per month to spur economic growth, while leaving its benchmark short-term interest rate at zero to 0.25 percent.

Fed stays easy-money course

Agence France-PresseMay 1, 2013 15:31
The Federal Reserve held its easy-money policies in place Wednesday in the face of a moderately growing economy facing headwinds from the government's severe "sequester" spending cuts. The policy-setting Federal Open Market Committee, as widely expected, kept the central bank's key interest rate at zero to 0.25 percent and its $85 billion a month bond-buying program in place in a bid to support economic growth.

A look at how the Fed's views have changed on the US economy and its bond purchase program

The Canadian PressMay 1, 2013 15:01
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on March 19-20: BOND-BUYING PROGRAM: March: "In determining the size, pace, and composition of its asset purchases, the Committee will continue to take appropriate account of the likely efficacy and costs of such purchases as well as the extent of progress toward its economic objectives."
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