You are browsing the archive for Federal Reserve.

Bakken banks booming more than counterparts

August 23, 2013 in The Dickinson Press

A new report shows what most already know: banks are booming along with oil. But the report also shows that Bakken-area banks are doing better in certain areas than their shale counterparts. Continue Reading

Big gain for stocks follows Bernanke remarks

March 26, 2012 in Grand Forks Herald

Stocks leapt to one of their biggest gains of the year today after Federal Reserve Chairman Ben Bernanke suggested that the economy still needs help to produce faster job growth.
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Fed Reserve’s Bernanke urges caution in sharp deficit cutting

February 2, 2012 in Grand Forks Herald

Federal Reserve chairman Ben Bernanke is urging lawmakers to balance their desire to cut deficits with policies that could help boost the weak economy in the short run. Continue Reading

Federal Reserve says interest rates unlikely to rise until at least 2014

January 25, 2012 in Grand Forks Herald

The Fed said it’s unlikely to raise its benchmark interest rate before late 2014, extending its time frame by at least a year and a half. The Fed said record-low rates are still needed to help boost an improving but still sluggish economy. Continue Reading

Economy ended strong in 2011, according to Federal Reserve survey

January 11, 2012 in Grand Forks Herald

The final weeks of 2011 were the economy’s strongest since it appeared to be slipping toward recession in late spring. Consumers spent more freely, factories made more goods, Americans stepped up travel and the auto industry enjoyed its best stretch of the year. Continue Reading

Federal Reserve plans to forecast interest-rate changes four times per year

January 3, 2012 in Grand Forks Herald

In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting. The first forecast will be included in the central bank’s economic projections after its Jan. 24-25 meeting, the minutes said. Continue Reading

Obama nominates 2 to Federal Reserve Board

December 27, 2011 in Grand Forks Herald

A vacationing President Barack Obama today nominated a Harvard University professor and a former Treasury official under President George H.W. Bush a Democrat and a Republican to the Federal Reserve Board of Governors. Continue Reading

Stock gains fade after Fed issues warning

December 13, 2011 in Grand Forks Herald

A late afternoon slide pulled stock indexes lower after the Federal Reserve held off on any new steps to boost the economy. The Fed cautioned that strains in global financial markets still pose a danger, a nod to Europe’s debt crisis. Continue Reading

Federal Reserve close to outlining plan to clarify direction of interest rates

December 12, 2011 in Grand Forks Herald

A Fed policy meeting Tuesday will likely focus, in part, on an evolving plan to reveal the direction of interest rates more explicitly. The Fed may decide, for example, to regularly update the public on how long it plans to keep short-term rates at record lows. The new communications strategy could be unveiled as soon as next month. The new communications strategy could be unveiled as soon as next month.
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Wall Street soars afer world’s central banks lower borrowing costs

November 30, 2011 in Grand Forks Herald

A move by the world’s central banks to lower the cost of borrowing exhilarated investors today, sending Wall Street soaring 400 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers. Continue Reading