U.S. stocks closed mixed Monday, with the Nasdaq Composite Index suffering a hit ahead of Chinese e- commerce giant Alibaba's scheduled initial public offering later this week, as investors are awaiting the results of the Federal Reserve's policy meeting.
U.S. Federal Reserve Chair Janet Yellen on Tuesday reiterated that the central bank would continue to implement the current easy monetary policy and should be cautious over raising interest rates, as the U.S economy recovery remains incomplete.
The U.S. Federal Reserve Chair Janet Yellen said on Thursday that the Fed needs more time to decide the appropriate size of its balance sheet and expects the portfolio of assets to gradually decline over time after it finally begins to tighten policy.
Full employment is around the corner for the first time in the United States since the beginning of the crisis over two years ago, Federal Reserve Chair Janet Yellen said Wednesday.
U.S. stocks rallied Monday as Federal Reserve Chair Janet Yellen in a speech made in the day signaled continued monetary stimulus to support the economy.
The U.S. Federal Reserve on Wednesday rejected the capital plan of Citigroup Inc. on " qualitative concerns" as part of its annual comprehensive capital checkup based on stress test result.
The Federal Reserve has signaled it may raise the federal interest rate as early as next spring, depending on conditions, and says the economy is firm enough to keep the taper on course.
Stanley Fischer, U.S. President Barack Obama's pick for the Federal Reserve vice chair, on Thursday expressed his support for the current path of monetary policy and emphasized the role of the central bank in ensuring financial stability.
With the U.S. economy improving, the Federal Reserve announced on Wednesday that it will further reduce its bond purchases by 10 billion U.S. dollars starting February.
U.S. economic activity continued to expand across most regions and sectors from late November through the end of December, driven by consumer spending and industrial production, a Fed report said on Wednesday.
U.S. Senate on Monday confirmed Janet Yellen as the next head of the Federal Reserve, to replace the outgoing Fed chairman Ben Bernanke whose term ends at the end of this month.
U.S. Senate on Monday confirmed Janet Yellen as the next head of the Federal Reserve, to replace the outgoing Fed chairman Ben Bernanke whose term ends at the end of this month.
Different voices emerge to debate on whether it is a right time to take an action on tapering or not as the U.S. Federal Reserve announced on Wednesday that it will reduce its pace of bond purchases.
South Korea's economic and finance policymakers on Thursday voiced concerns over short-term volatility in the local financial market after the U.S. Federal Reserve decided to reduce its monetary stimulus program modestly.
The U.S. Federal Reserve on Wednesday announced it would reduce the pace of its monthly massive bond purchases, the third round of quantitative easing program, by 10 billion U.S. dollars each month starting January on the back of a stronger economic recovery.
While many top officials of the Federal Reserve reckoned that the Fed might start trimming its asset purchase program "in coming months," some others insisted on awaiting more evidence of a recovering job market and economy before making a decision, according to the minutes of the latest Fed policy meeting released Wednesday.
The Federal Reserve's easy monetary policy will likely stay for an "extended period" to bolster economic growth, Janet Yellen, President Barack Obama's pick for next chair of the U.S. central bank, has said.
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