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Text of the Federal Reserve's Policy Statement
Keywords:
U.S. Federal Reserve's 6.5% unemployment target with 2% inflation announced by Bernanke in Dec. 2012
01/27/2009
The U.S. Fed's chairman Bernanke says the Fed will keep rates low till unemployment reaches 6.5% citing "the tremendous waste in human potential" of high unemplyment rates. As long as inflation remains subdued at 2% the Fed will continue its current policy of low rates. In 2013 the Fed will continue bond buying at the rate of $85 billion a month. If unemployment drops to 6.5%, but this is because more people are dropping out of the labor market the Fed will take this into account, says Bernanke. The Fed will also keep an eye out for asset bubbles in the economy.
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FX HORIZONS: The Fed’s Risky Codependency with Markets
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Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
How the 1937 Pullback under FDR affects current economic policy under Bernanke and Yellen
01/27/2009
Economic policies under FDR in the 1930's. The Fed's Bernanke is acutely aware of the 1937 pullback and its lessons. This will influence current policy.
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Tomorrow's Recession Recovery Is Today's History Lesson
Wall Street Journal 03/03/2009
Fed's Yellen Defends Low Rates
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Recognizing Bubbles But Still Cautious About Deflating Them
New York Times 09/10/2014
Janet Yellen Isn’t Going to Raise Interest Rates Until She’s Good and Ready
New York Times 03/18/2015
Policy Makers Seek to Learn From 1937's Stalled Comeback
Wall Street Journal 08/24/2009
How the Fed Can Avoid the Next Bubble
Wall Street Journal 10/06/2009
U.S. Federal Reserve chairman Bernanke's semi-annual report to Congress in July 2012
07/17/2012
U.S. Fed chairman Bernanke tells Congress that unfortunately there is no quick solution to the eurozone crisis, as we are "in a muddling through kind of environment."
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Live Blog: Bernanke Faces Lawmakers
Wall Street Journal 07/17/2012
Some at Fed Urge Pre-emptive Stimulus
New York Times 07/30/2012
Fed Says Economy Is Slowing, but Defers New Action
New York Times 08/01/2012
Wall Street Journal 12/13/2012
A Fed Bank President's Idea Comes to Life
Wall Street Journal 12/13/2012
Text of the Federal Reserve's Policy Statement
New York Times 12/12/2012
Declining U.S. Labor Force Participation Rate for 2010-2016 and its implications for unemployment and economic growth
06/06/2009
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Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 04/05/2012
Takeaways From the Monthly Jobs Report
Wall Street Journal 04/05/2014
Why high unemployment and the high percentage of the long term unemployed is determining U.S. Federal Reserve interest rate policy in 2012-2014
01/27/2009
With 40% of the unemployed in the U.S. shown as long term unemployed, mismatch in skills and other structural problems with unemployment, the U.S. Federal Reserve policies of Fed chairman Bernanke are geared to addressing this problem.
Grouped Articles
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Wall Street Journal 07/11/2013
FX HORIZONS: The Fed’s Risky Codependency with Markets
Wall Street Journal 07/11/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
Economy May Be Getting Its Wings Clipped
Wall Street Journal 07/30/2013
U.S. Fed chairman Bernanke's and Fed governor's assessment of the economy in 2011-2012
01/04/2010
Grouped Articles
Wall Street Journal 06/07/2011
Fed Darkens Its Outlook but Plans No Changes
Wall Street Journal 06/23/2011
The Federal Reserve's Toolbox is Emptying
Wall Street Journal 07/13/2011
Bernanke to Markets: Stay Tuned
Wall Street Journal 08/26/2011
Key Passages From Bernanke’s Jackson Hole Remarks
Wall Street Journal 08/26/2011
Wall Street Journal 09/28/2011
Central bank governors Ben Bernanke, Mario Draghi, Stanley Fischer, Mervyn King and the MIT Economics Department
01/28/2008
Ben Bernanke and Mervyn King once shared an office as professors at MIT. Stanley Fischer was Draghi's and Bernanke's PhD. advisor. The MIT economics department fostered a view in the 1990's in which central banks played an active role when markets failed and the economy stumbled. This followed a period of post-Keynes views at the universities of Rochester, Minnesota, and Chicago, that markets operated on rational expectations and needed minimal intervention by central banks.
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A Hawkish Signal Bernanke Didn't Send
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In Shift, Bank of England Pledges Low Rates
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Wanted: A Boring Leader for the Fed
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Stanley Fischer, Fed Nominee, Has Long History of Policy Leadership
New York Times 03/12/2014
Janet Yellen and Fed Predecessors Find Common Ground Onstage
New York Times 04/07/2016
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' Ties
Wall Street Journal 12/12/2012
The job crisis for employment of men in the U.S.
03/14/2009
The participation rate in the job market for men between 16-64 is dropping over time. It was 85% in the 1950's and has dropped continually after each recession. It is now at 65%. More and more men simply drop out of the labor market after failing to find jobs, creating a disturbing trend for the country. This does not show up in improving unemployment statistics.
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
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