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The Federal Reserve raises its benchmark interest rate by 0.75 percentage point, to 3.75%, the highest rate since January 2008, amid surging inflation in the United States. Federal Reserve chairman Jerome Powell warns that further rate increases are likely.
2022-11-2

In the United States, a biannual Federal Reserve report mentions, for the first time, climate change as a risk for the stability of the financial system.
2020-11-9

Asian markets fall substantially and European markets open with huge losses. S&P futures fall 5%, triggering a trading halt in response to the Federal Reserve's emergency measures.
2020-03-16

Sources indicate that Stanley Fischer, former head of the central bank of Israel, is the front runner to become the new Vice Chair of the U.S. Federal Reserve as Janet Yellen ascends to the Chair.
2013-12-11

U.S. President Barack Obama nominates Janet Yellen to become the next chair of the Federal Reserve after Ben Bernanke leaves that office.
2013-10-9

The chairman of the U.S. central bank, the Federal Reserve, likely will not stand for re-election to that post. Ben Bernanke has reportedly told friends he will leave when his term ends in January 2014 regardless of who wins the Presidential election campaign.
2012-10-22

The U.S. Federal Reserve announces it will keep interest rates at "exceptionally low levels" at least through mid 2013, though it makes no commitment for further quantitative easing.
2011-08-9

The President of the Federal Reserve Bank of St. Louis, James Bullard, says that the continued purchase of U.S. Treasuries by the Federal Reserve is "feeding the fire" of inflation, and should be tapered off.
2011-03-29

Paul Volcker steps down as the head of U.S. President Barack Obama's advisory panel, the Economic Recovery Advisory Board. Volcker, a former chairman of the Federal Reserve, was the guiding force behind recent legislation pressing investment banks to spin off their proprietary trading and branded hedge funds.
2011-01-21

Thomas Hoenig, a member of the Federal Reserve Board, gives some indication of the split within that body in a speech to the National Association of Realtors. Though the Fed announced a new round of quantitative easing on Wednesday, Hoenig said that the Fed risks inflation and another boom-bust.
2010-11-5