Investors had expected the central bank to start paring down the bond-buying program
Federal Reserve
Fed Will Not Reduce Stimulus, Waiting for “More Evidence” of Recovery
In one of the most anticipated announcements in months, the Federal Reserve’s Federal Open Market Committee declared that it would maintain its policy of buying $85 billion in government debt and mortgage backed securities per month, despite expectations that it would begin to taper these purchases in response to an improving …
Taper Tantrums: 3 Myths About Quantitative Easing
The Federal Reserve concludes a meeting of the Federal Open Market Committee later today, and markets are anxiously awaiting what the committee will decide with regards to the central bank’s monthly purchases of $85 billion in …
Foroohar: Turn Off the Money Spigot
Markets cheer end of Larry Summers, but a slowdown could be around the corner
5 Things Everybody Should Know About Janet Yellen
Here are five things everybody should know about the next head of the Federal Reserve
Larry Summers Withdraws His Name for Fed Chairman
Former U.S. Treasury Secretary Lawrence Summers phoned President Barack Obama on Sunday to withdraw his nomination for Federal Reserve chairman.
Taper Terror: Markets Fear the End of Fed Stimulus
Playing the markets isn’t easy, even for the most experienced investors. But in the wake of the financial crisis and the Federal Reserve’s subsequent efforts to stimulate the economy, understanding securities markets has in some
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Regulatory Rumpus: The Battle Over Reinstating Glass-Steagall
Among the small number of Americans who are passionate about financial regulation, no topic raises hackles more than the so-called Glass-Steagall act. It is “so-called” because when you hear the term “Glass-Steagall” the speaker is most certainly referring to four provisions from the Banking Act of 1933, which was sponsored by Senators
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Bond Markets to the Fed: We Don’t Believe You!
The stock market may steal the headlines, but in many ways its the bond market — be it mortgage-backed securities, government bonds, or corporate debt — that is the real star of the economic show. When the Federal Reserve seeks …
No, the Fed’s Buying Spree Doesn’t Have to End in Tears
After a jittery few days of trading, the markets stabilized a bit on Monday, though most economists are predicting a summer of volatility thanks to the Fed’s decision last week to announce that it would begin to “taper” its $85 …
Bernanke Says Little, Market Plummets: Welcome to the Post-QE Economy
What a strange world we are living in when Ben Bernanke holds a press conference to say that he’s essentially going to do nothing, and the markets go down 200 points. That was the story last night after the Fed announced it …
Ben Bernanke to Markets: Chill Out!
One of the more conspicuous ironies of the stock market in recent years is that it tends to go down when the Federal Reserve is forecasting an improved economy. That’s because faster economic growth makes it more likely that the …