Janet Yellen Semiannual Monetary Policy Report to the Congress Feb 24, 2015 10:01AM

Below is Fed Chair Janet Yellen's prepared Semiannual Monetary Policy Report to the Congress. In the testimony, Yellen said: "The FOMC's assessment that it can be patient in beginning to normalize policy means that the Committee considers it unlikely that economic conditions will warrant an increase in the target range for the federal funds rate for at least the next couple of FOMC meetings. If economic conditions continue to improve, as the Committee anticipates, the... (continue reading...)


All Eyes on Yellen, But No Strong Signal Expected Feb 24, 2015 08:45AM

All eyes will be on Fed Chair Janet Yellen today as she delivers her Semiannual Monetary Policy Report to the Congress (Humphrey Hawkins). The testimony is scheduled for 10AM ET.

Economists at Nomura expect Yellen to present the FOMC's views on key issues without sending strong signals about decisions that it has not yet made. In particular, they do not expect her to tip her hand on key questions of whether or not the reference to being "patient" will be dropped from the... (continue reading...)


Many Fed Officials Inclined to Stay at Zero Longer; Dropping 'Patient' May Lead to Date Focus - FOMC Minutes Feb 18, 2015 02:02PM

(Updated - February 18, 2015 2:02 PM EST)

Many Fed officials inclined to stay at zero longer and felt dropping "patient" may lead to date focus.

UPDATE - The FOMC Minutes follow:

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, January 27, 2015, at 10:00 a.m. and continued on Wednesday, January 28, 2015, at 9:00 a.m.

PRESENT:

Janet L. Yellen, ChairWilliam C. Dudley,... (continue reading...)


Fed Will Release Latest Stress Test Results on March 5th, CCAR Results on March 11th Feb 12, 2015 02:02PM

The Federal Reserve Board on Thursday announced that results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, March 5, and the related results from the Comprehensive Capital Analysis and Review (CCAR), will be released on Wednesday, March 11. Results for both exercises will be released at 4:30 p.m.

The Dodd-Frank Act stress tests are forward-looking exercises conducted by both Federal Reserve supervisors and... (continue reading...)


Fed's Lockart: Jan. Jobs Report 'Quite Encouraging'; Sees Initial Rate Rise as 'Gradual' Feb 6, 2015 02:00PM

Southwest Florida Business Leaders LuncheonHilton NaplesNaples, FloridaFebruary 6, 2015

  • Atlanta Fed President and CEO Dennis Lockhart, in a February 6, 2015, speech to the Southwest Florida Business Leaders, shares his thoughts on the monetary policy "liftoff" decision ahead.
  • Lockhart says the linchpin in a decision to make a significant policy change is confidence in the economic forecast.
  • Lockhart's baseline outlook for 2015 and 2016 assumes growth at around 3 percent... (continue reading...)

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Feb 6, 2015 08:36AM Jan. Change in Nonfarm Payrolls 257K vs 228K Expected, UE Rate 5.7%
Feb 4, 2015 03:57PM S&P Weakens Heading into Close After ECB Lifts Waiver on Greek Debt
Feb 4, 2015 03:15PM Warren Buffett says tough for Fed to raise given world events - Bloomberg
Feb 4, 2015 12:43PM Fed's Mester said she's comfortable with 1st-half 2015 liftoff - Bloomberg
Jan 30, 2015 11:08AM Fed's Bullard: Rates at zero 'not right' for U.S. economy
Jan 30, 2015 09:06AM Bullard said it's reasonable to expect rate rise June or July - Bloomberg
Jan 30, 2015 07:14AM Market underestimating home much the Fed will move, Fisher says - Bloomberg
Jan 29, 2015 11:41AM Gross: Yellen will raise rate by 25 BP in July or August
Jan 28, 2015 02:20PM Janus Capital's (JNS) Gross: Fed Rate Increase Will Happen Around June - CNBC
Jan 28, 2015 02:02PM UPDATE: Fed Expects Inflation to Rise Gradually Toward 2%; Can be Paient in Raising Rates - Minutes
Jan 27, 2015 11:17AM Fed Can Wait Longer on Rate Hike; Morgan Stanley Pushes Back 'Liftoff' Forecast to March 2016
Jan 27, 2015 08:48AM Strategists at Morgan Stanley pushed back their Fed liftoff forecast to March 2016 - Bloomberg
Jan 22, 2015 09:26AM Draghi says ECB could by Greek debt from July after SMP redemption (FXE) (NBG)
Jan 22, 2015 09:20AM Draghi: QE Will Continue Until Sustained Improvement in Path of Inflation Observed
Jan 22, 2015 08:45AM Draghi: GovC decided that purchases of securities of European institutions (12% of additional purchases) will be subject to loss sharing
Jan 22, 2015 08:44AM Draghi: GovC retains control over all features of programme and ECB to coordinate the purchases to safeguard singleness of monetary policy
Jan 22, 2015 08:41AM Draghi: Combined monthly purchases will be EUR 60 billion, to be carried out at least until end-Sept 2016
Jan 22, 2015 07:51AM ECB says further measures will be announced later
Jan 16, 2015 09:24AM UPDATE: Industrial Production -0.1% vs -0.1% Expected
Jan 15, 2015 08:22AM Nomura Provides Initial Thoughts on SNB Move; May Signal ECB QE is Imminent and Big
Jan 14, 2015 02:02PM UPDATE: Fed Saw Modest to Moderate Growth in Most Districts - Beige Book
Jan 12, 2015 03:55PM UPDATE: Fed's Williams Says June Rate Rise 'Reasonable' - Bloomberg
Jan 9, 2015 01:03PM There's 'No Preset Timetable' for Raising Rates - Fed's Lacker
Jan 9, 2015 12:07PM Fed's Lockhart Says Jobs Report No Reason to Hasten Rate Increase
Jan 9, 2015 08:52AM Fed's Evans said he doesn't see need to hurry to raise rate - CNBC Interview
Jan 9, 2015 08:36AM UPDATE: Change in Nonfarm Payrolls 252K vs 240K Expected; UE Rate 5.6%
Jan 9, 2015 08:15AM ECB's Hansson says ECB shouldn't encourage deficit expansion with QE - Bloomberg
Jan 7, 2015 02:02PM Fed Officials saw Rate Rise Unlikely Before April - FOMC Minutes
Jan 2, 2015 11:01AM Fed's Mester Sees Interest Rates Rising 'in First Half' of 2015 - FBN
Dec 26, 2014 06:43AM China's Central Bank Acts Further to Ease Policy
Dec 19, 2014 12:57PM Fed's Williams Says June Good Time to Consider 'Lift-Off'
Dec 17, 2014 03:23PM Yellen says Russia spillovers to U.S. likely to be small - FOMC press conf. (RSX)
Dec 17, 2014 02:42PM Yellen says almost all participants see a rate increase in 2015
Dec 17, 2014 02:02PM UPDATE: FOMC Says it Can be 'Patient' in Approach to Raising Rates
Dec 17, 2014 02:01PM Fed Drops 'Considerable Time', Says Can be 'Patient' on Rates
Dec 17, 2014 12:08PM Hilsenrath: Yellen is a Very Methodical Person, Expect Her to Stay the Course on Rate Guidance
Dec 17, 2014 08:09AM All Eyes on Fed and 'Considerable Time'
Dec 9, 2014 02:47PM UPDATE: Fed Sees Big U.S. Banks Facing Capital Surcharge of 4.5% (BAC) (C) (JPM)
Dec 9, 2014 07:43AM U.S. Stocks Lower as Fed Seriously Considering Dropping 'Considerable Time', China Reigns in Risk Takers
Dec 9, 2014 07:19AM Greece Plummets on Early Elections, Raising Worries About ECB QE
Dec 5, 2014 09:36AM Fed's Mester: Progress in Stabilizing Financial System Being Made, But There's More Work Ahead
Dec 4, 2014 09:23AM Draghi says ECB board not unanimous on balance sheet
Dec 4, 2014 09:18AM ECB's Draghi says discussed buying all asset classes expect gold
Dec 3, 2014 02:43PM Fed's Plosser Sees Recent Recovery as 'Moderate'; Looks for More Transparency in Monetary Policy
Dec 3, 2014 02:01PM Job Gains 'Widespread' Across Fed districts - Beige Book
Dec 1, 2014 12:41PM Fed's Dudley: Drop in Energy Prices Positive for U.S. Economy
Nov 20, 2014 04:46PM Fed Board Conducts Review of Supervision of Biggest Banks
Nov 19, 2014 02:02PM UPDATE: Fed Officials Saw Need to Watch for Inflation Expectations to Drop - FOMC Minutes
Nov 10, 2014 01:46PM Russia Central Bank seen increasing gold buying - Reuters
Nov 7, 2014 10:16AM Yellen Speech: Remarks at the Panel Discussion on "Shaping the Future of the Macroeconomic Policy Mix"
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