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Archive for the 'FOMC' Category

Washington DC -February 17- The Federal Reserve Board and the Federal  Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 26-27, 2010. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the January 26-27, 2010 meeting is also included as an addendum to these minutes.

To view FOMC minutes, Click Here

Washington DC - February 8 - U.S. cotton producers intend to plant 10.1 million acres of cotton this spring, up more than 10 percent from 2009, according to the National Cotton Council’s 27th Annual Early Season Planting Intentions Survey.

To read the entire report, CLICK HERE

Washington DC - January 6 - The Federal Reserve Board of Governors and the Federal Open Market Committee released the attached minutes of the Committee meeting held on December 15-16, 2009.

To view the FOMC minutes on the Board’s website, CLICK HERE

Washington DC - December 7- Although the economic stress faced by many families and businesses remains intense, with job openings scarce and credit still hard to come by, the financial system and the economy have moved back from the brink of collapse, economic growth has returned, and the signs of recovery have become more widespread, Federal Reserve Chairman Ben Bernanke said in a speech today to the Washington Economic Club.

To read the transcript of Bernanke’s remarks, CLICK HERE

Washington DC -November 16- Growth of the U.S. economy is expected to continue at a slow pace in 2010, while unemployment remains at high levels, Fed Chairman Ben Bernanke told the Economic Club of New York in a speech today.

To read the text of Bernanke’s remarks, CLICK HERE

Washington DC -October 14- The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 22-23, 2009. The description of economic and financial conditions contained in these minutes is based solely on the information that was available to the Committee at the time of the meeting.

To view the FOMC minutes on the Board’s website, CLICK HERE

Washington DC -September 2- Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out, while household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.

To read the entire statement, CLICK HERE

Washington DC - August 12 - The Federal Reserve, in a vote of confidence,  declared that economic activity is “leveling out.” The central bank also signaled that it would soon end one of its programs aimed at propping up the economy, and kept a key lending rate at a record low.

To read the entire report,CLICK HERE

Washington DC -June 10-Reports from the twelve Federal Reserve District Banks indicate that economic conditions remained weak or deteriorated further during the period from mid-April through May, according to the “Beige Book,” a economic overview released by the Federal Reserve.

To read the entire report, CLICK HERE

Washington DC -May 20- The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the minutes of the Committee meeting held on April 28-29, 2009. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the April 28-29, 2009 meeting is also included as an addendum to these minutes.

To view entire FOMC Minutes report, CLICK HERE

Washington DC -May 7- The Federal Reserve and the national banking agencies have released the results of the stress tests - the most comprehensive, forward looking review of our nation’s largest banks ever undertaken, according to Treasury Secretary Timothy Geithner

To read Geithner’s statement, CLICK HERE

For The Supervisory Capital Assessment Program: Overview of “Stress Test” Results, CLICK HERE

Washington DC - May 6- Federal officials have announced the criteria under which the nation’s largest banks must meet set standards regarding their financial stability and viability.

To read the joint statement, CLICK HERE

Washington DC -May 5- The most recent information on the labor market–the number of new and continuing claims for unemployment insurance through late April–suggests that we are likely to see further sizable job losses and increased unemployment in coming months, according to Federal Reserve Chairman Ben Bernanke.

Bernanke made the comments during opening remarks to the Joint Economic Committee on Capitol Hill.

To read Bernanke’s prepared remarks, CLICK HERE

Washington DC -April 8- The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 17-18, 2009 and of the conference call held on February 7, 2009.

To view the report, CLICK HERE

Washington DC -March 3- Federal Reserve Chairman Ben Bernanke appeared on Capitol Hill today to talk about the economy, the economic stimulus package and the fiscal year 2010 budget.

To read Bernanke’s testimony to Congress, CLICK HERE