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U.S. Federal Reserve officials are increasingly confident of the economic recovery but remain unsatisfied with the healing of the job market, minutes of their January meeting released Wednesday showed.
“Participants generally expressed greater confidence that the economic recovery would be sustained,” the Fed said. Get the full story »
Federal Reserve officials in December felt the U.S. economic recovery was still weak enough to warrant monetary support despite growing signs of strength, Fed meeting minutes released on Tuesday showed.
Wall Street economists have been revising up forecasts for economic growth in recent weeks on the back of signs showing business activity and consumer spending picking up steam. Get the full story »
Federal Reserve policymakers clashed over the benefits and risks of launching a $600 billion program to rejuvenate the economy, but voted for it anyway, according to minutes of their closed-door deliberations released Tuesday.
Despite a 10-1 vote for the program, the minutes from the Nov. 2-3 meeting show that some Fed officials had concerns about embarking on a second round of stimulus. Get the full story »
A new program to pump up the U.S. economy through the purchase of government debt dominated Federal Reserve officials’ discussions at their September meeting.
Minutes of the closed-door deliberations, released Tuesday, suggest Federal Reserve Chairman Ben Bernanke and his colleagues were closing in on a consensus to launch such a program. Get the full story »
